Member Info for DINVOFT

Yesterday the US Senate passed the new crypto currency act which is designed to create value stability in digital currencies. Today Trump will probably sign it into law.

Could it be that PR1 will add further news on Pr1bit to coincide with this which has caused the movement in PR1 share price today.

All will soon be revealed.

Manifest -What more can James do.

That depends on your reasons for investing.

The 'market' will do whatever it wants to do. In the short term the share price will be set (possibly engineered) by traders with a short term mindset. In the longer term the price will be dictated by the success or otherwise of the company whether that is in organic growth or acquisition of others, or indeed of a takeover of PR1 itself.

I believe he has done all he can do for now with regard to the Prim debacle and in the meantime running the company would be his best course of action, just as you have indicated, and let the legal eagles do what they are paid for.

PR1 are active in a growing market so what's not to like.

What else could they say.

Agreed it is really odd that Prim did what they did, it is not as if they were adjusting the petty cash entries. I hardly think it was somebody pressing the wrong button (Oops - sell instead of buy) so senior individuals must have been involved in the decision.

As we stand PR1 are awaiting a 'substantive response' before deciding on next steps. Anything else at present is just speculation.

However what the RNS does say is that the company will listen to shareholders, such as those contributors to this board that took the time and effort to write in and ask for a statement.

So well done all and thanks to the PR1 board for responding.

All is not lost yet.

i get what you say manifesto but on the flip side there are other lock ins and the board also have holding that they can't off load yet and others who don't want to. it might be a worthwhile exercise to look at who holds what where. i'm strapped for time at the moment but if i can squeeze it in (excuse the pun) in the next few days i will have a look.

somebody suggested a beer earlier so that's what to do.

in the meantime if something doesn't get sorted soon as blackadder once said "this could be the biggest **** up since olaf the hairy, king of all the vikings, bought eighty thousand battle helmets with the horns on the inside.

Cityal - I absolutely agree with your comment re lack of response from the board. A number of PI,s have already, as you say, sent emails on that lack of response. The more people that ask the question the more likely they will get an answer (bit like a petition really).

PR1@vigoconsulting.com is a good place to start with a diplomatic note asking why nothing from the board.

As they say 'Every little helps'.

Manifesto - I have tried PR1 direct with no response. Ever since the PR1@vigo consulting.com has gleaned responses varying from the bland to slightly encouraging, with the latest being from Amelia Thorne who somebody mentioned earlier - she is polite and probably as helpful as she can be in the circumstance.

amelia.thorne@vigoconsulting.com is her address. Obviously the more investors that demonstrate concern the better in order to an overdue response and in my experience diplomacy can be extremely productive.

We should remember something like 45m shares were created a 2.5p in the relatively recent past - so at just short of 5p that represents a substantial return if you can offload them. Tempting enough for some regardless of whether they can be morally/legally sold or otherwise disposed of.

Outside of that shares will be priced either on NAV or future expectation. In our case NAV is close to zilch so expectation it is..

News is imminent and that will make a difference but in the immediate future I can't see this being a multi bagger.

The board appear to be progressive which is why I am in and holding for the long term. Not exciting I know but whatever floats your boat.

I sincerely hope and think that something will be done about the PRIM sale, if for no other reason than the credibility of PR1 and the people in charge.

When it happens, and I would welcome being proved wrong, all of this talk about a monumental short squeeze is just wishful thinking. I don't think this a hang on to your hats situation, but if I am wrong please make the bat the smallest you can find.

In the meantime I have put the Bentley order on hold.

Why not - it might only be a small bat.

Not sure about mates rates - this feels more like 'you play ball with me and i'll stick the bat up your proverbial.

Where will it all end.

Yes I have twice - First response "It would be inappropriate to pass comment at this stage" Second response "rest assured discussions are taking place with advisers regarding the course of action required".

The second a number of days after the first and a smidge more positive - I think.

On a lighter note - Pret A Manger have just launched a new range of premium salads costing 13 quid. Apparently containing such exotic ingredients as (wait for it) "" Hand Massaged Kale"". -

God Help Us.

Manifesto - The only area I could see the possibility of there being no action would be the exception to Rule 7 based on previous main activity of the business. Pr1 previously as Alteration Earth was an investing company, before changing direction. Even so the circumstance here would make it a fairly tenuous link, and in any event PRIM had signed an agreement.

You would have thought that whoever made the decision to offload would have sought advice unless of course it was a personality issue and a fit of pique.

In what circumstances would there no case to answer.

Prim have agreed to a legally binding lock in with PR1 prior to admission to the market, all in line with market rules as laid down by both the LSE and FCA. In return have been allocated shares at an extremely advantageous price.

Subsequently PRIM have sold those shares prior to completion of the lock in period and have gained financially.

If there is no case to answer all credibility and trust in UK market regulation would disappear without trace. The consequences of which for the UK economy would seismic to say the least.

There will undoubtedly be action of some kind resulting from this saga, although why do it in the first place is beyond me. It must be for more than money alone - there isn't enough involved for the risk being taken - could it be personality considering previous connections.

It beggars belief that they would not be actively considering what course of action to take vis the PRIM sale. On occasion it takes a little while to set the wheels in motion and there is to much at stake for this to be ignored completely. I am convinced there will be news at some point - what that will be for the moment can only be speculation - in the meantime we have positive news to look forward to. Unfortunately that requires patience which is never to be found in abundance in shareholders me included.

OOPS - Prim purchased own shares at 3.28 pence.

To many thumbs - to early in the day.

PRIM say they have purchased 350000 shares at 3028 pence each. If my sums are correct that is a total of £11488. The notice of 25th June claims they sold PR1 for a total of £977000. If both of these are correct that leaves a serious amount of change.

As it stands PR1 share price is now, and since the 25th has been considerably lower than their selling price at just over 8 pence.

Conspiracy thinking would lead to this being the plan from the outset - and possibly has already been carried out considering volumes over recent days.

So Prim profit even if they are forced to buy the shares back, but a fine and admonishment would be par for the course. The last fine issued by Aim amounted to £450000. Whichever way you slice it Prim win.

All the above could account for the silence from PR1 who are taking their time to find an appropriate solution.

Intriguing - But what do I know.

I couldn't agree more Manifesto - I mention the FCA only because there is an easy route to report concerns with potential market abuse and business conduct.

With regard to there being no response from PR1, it may well be you are right about the delayed launch of Pr1bit while they are considering what action to take vis Primorus.

For those of us (including me) hoping the FCA would intervene in the Aim rule 7 breach it might be wishful thinking. - It has just been announced that they have fined Monzo bank £21m "after a three year investigation" for registering new customers with false addresses such as 10 Downing St, Buckingham Palace and even Monzo's and FCA address.

'God Help Us'.

Earthman1an - a most recent class action I recall, involving a certain investment fund, took what seemed like a squillion years and ended up with all investors receiving only a tiny fraction of their original stake. Probably the best approach from as many people as possible would be through the reporting page of the FCA website.

They cannot have failed to notice that the current Chancellor is rather keen to persuade people to transfer from cash Isas to stocks and shares investments particularly start ups. Perhaps a sufficient number of complaints may well remind them of this.

That was short lived then.