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EXPOSED: Cellular Goods: Rewriting history & backtracking fast amid a sound of silence on its product launch

The RNS about today’s AGM Cellular Goods (CBX),  the company that sold cheap shares to David Beckham to wallow in his *"brand glory" and ramp ahead of the IPO, said nothing other than resolutions were passed but there was a link to a shareholder Q&A and this should ring real alarm bells as the  company rewrites history. Firstly let us all rewind to December 1.

EPIC CBX
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Cellular Goods – the Beckham CBD skin cream play burns that cash like there’s no tomorrow

When not earning millions promoting one of the most hateful homophobic regimes on this planet or appearing with his good pal Elton at a gay Pride event,  Mr David Beckham has become a celebrated investor. There is Guild E-Sports (GILD) which will see him turn £250,000 into £15 million however badly the company does. And it is doing badly.  And then there is Cellular Goods(CBX) with the same motley crew of pre IPO investors and advisors.  It makes facecreams which must be useful if, like Becks, you have two of them. It had results today.

EPIC CBX
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Update: What's happening at David Beckham’s Cellular Goods? The John Story Lock-in and his financial woes as Zoetic shares now almost 50% off highs

As shares in the fraud Zoetic (ZOE) slid to a new year low today, this will have caused real pain for some of those holding shares on a CFD basis as they faced margin calls. Amazingly, more than 25% of the free float is held on margin and the largest single holder of CFDs is the proven liar John Story, with c6% of the company at risk of margin calls. We already know that Story has had to walk away from a couple of placing commitments he had made since early April due to his increasing margin pressure at Zoetic.

EPIC CBX
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Has John Story broken a lock in and sold any of his Cellular Goods shares: yes or no?

This is a simple enough question for Cellular Goods (CBX), the Standard Listed pot company backed by David Beckham in a shoddy IPO on 26 February which we exposed HERE. The shares zoomed to 22p in early trades from a 5p IPO but have since rolled back to 7.6p to sell suggesting that many BB punters have been royally shafted by the inaccurate media hype but also that some pre IPO investors who paid a fraction of the IPO price may have been dumping.

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