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David Beckham backed Cellular Goods – another related party red flag vicar?

By Tom Winnifrith | Monday 15 May 2023


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.


Last week I discussed how the purchase by Cellular Goods (CBX) of start up Singapore based seaweed to net carbon zero POS company King Tide Carbon PTE. I showed how the transaction made no strategic sense and will accelerate the already disastrous cash burn ensuring that the Fat Lady is gigging well before Santa rewards all the good little boys and girls while handing lumps of coal to the directors and promoters of Cellular. But it gets worse, far worse.

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