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Letter to the FCA - Not one but two new financial crimes at Chill Brands that need investigating

By Tom Winnifrith | Thursday 4 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

There are suggestions today that Chill Brands (CHLL) next bailout fundraise will be at 5p. I would suggest that this is the bull case. Rapidly running out of cash and with a business model that is a proven failure I cannot see why this business will be rescued until it is on the brink and the spivs at broker Peterhouse do a friends and family offer at 0.1p turning it into a cash shell. What is clear is that the shares will collapse as stale bulls dump and that anyone hanging on is insane. But what of the FCA?

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