Member Info for gixer

"Hong Kong Fulfillment
Hong Kong is one of the main fulfillment hubs in Asia and a perfect choice if you sell to clients in mainland China and other Asian countries.

In short, you send the products in bulk shipments to Hong Kong where a 3PL company helps you with the inbound, storage, pick & pack, and shipping to end-customers in mainland China.

There are many benefits why Hong Kong is a perfect location for the fulfillment of products. First of all, it has the freest economy in the world with no import duties or VAT.

If you open a Hong Kong company, you can also receive payments in RMB and manage local operations through the entity.

Below I’ve made a summary of both the pros and cons when using a Hong Kong-based fulfillment center compared to a bonded warehouse in China:

Pros:

No tariffs when shipping products for storage in Hong Kong
Easy and fast to register a Hong Kong company
A good way to test the Mainland China market for your products
Cons:

Generally more expensive pick & pack fees and storage costs
Slower delivery times
Goods can be held up in customs (and are subject to changes)
Chinese consumers are subject to an annual quota of duty-free cross-border retail imports"

That was my first thoughts as well BB.

and it would be a good place to base your CBEC to China.
http://www.fungyucpa.com/cbec-in-hong-kong/
https://www.export2asia.com/blog/china-cross-border-ecommerce/

One to keep an eye on.

Plus we have the Trademark in Hong Kong to cover
5 - Nutritional supplements and additives for dietary and medical purposes; dietetic foods; beverages and substances adapted for medical use; vitamin preparations.

32 - Non-alcoholic drinks; syrups, extracts and essences for making non-alcoholic beverages; fruit drinks, fruit juices, fruit nectars, vegetable juices, sport drinks, aerated water.

https://esearch.ipd.gov.hk/nis-pos-view/#/tm/details/view/356814_302962323/0/0/1/10/0/1/0/null_null/KCFeISghXiEodG1UZXh0X3dpbGRjYXJkOigvKC4qWyBdKT8oW15hLXpBLVpdKilmcnVpdGZsb3coW15hLXpBLVpdKikoWyBdLiopPy8pKSFeISBPUiAhXiEodG1UZXh0X3NpbmdsZV93aWxkY2FyZDooLyguKlsgXSk_KFteYS16QS1aXSopZnJ1aXRmbG93KFteYS16QS1aXSopKFsgXS4qKT8vKSkhXiEpIV4hIEFORCAhXiEoaXNEZWFkUmVjb3JkSW5kaWNhdG9yOihmYWxzZSkpIV4hKSBBTkQgdG1SZWNvcmRTZXE6MQ%3D%3D

I doubt very much that it is anything to worry about.

It could, and probably does, have nothing at all to do with Provexis.
Its also a private company.

Just found it strange that this has appeared just after the announcement of the Chinese Cross-Border e-commerce distributor.

https://www.hkcorporationsearch.com/companies/3004397/

strange

DSM's holding % has been updated but Mr Lucas's has not.
186,419,678 is not 9% of 2,204,154,856

Not sure on your reasoning about being able to buy at 0.70p but I do hope you are wrong.

Agree, IMO it shouldn't take much to pull the interim results together (bwtfdik) so why take the extra time allowed?

Could be that the placing has simply taken up his time or now that we have the extra £1m we will get a detailed report/breakdown on what the extra cash will be used for and how it has De-Risked the company.

It was mainly the last link I posted at 12.39 I found interesting. Included pictures of pxs and dsm staff.

last attempt
shorturl.at/rvEG0

Don't know why that happened. Try this.
https://www.********************294035441662804/permalink/331870751212606/?__cft__[0]=AZVb1AVHMMqaUscOLThsmb-7B3n77zYbAgY3GZmNoGnPfnO35AHAlzm8ArzzF5VnFEy1dKz6cJaWQJUYV0W0Ya8NcrDu3paMTzT4zGsEDJS1OUzsuV78gug8Xta-DGNXAnoawtanERqVjRKEDHAfPqka&__tn__=%2CO%2CP-R

https://www.********************294035441662804/permalink/331870751212606/

https://www.********************294035441662804/permalink/337135450686136/

https://www.********************294035441662804/permalink/336913857374962/

https://www.facebook.com/photo/?fbid=10214975838844677&set=a.2682622180016

Krustysmegma, Not saying you are negative but as it was a placing and not an open offer and if I wanted to take part I would have contacted the BOD to see if it was possible. The answer might still have been no but at least I would have tried.

We have known there was going to be a placing since September.
Did you contact Ian Ford to see if you could participate?

All a bit irrelevant, as going forward there is only one place to buy shares now.

"The placing will also significantly strengthen the Company's capital base and de-risk the business, to the benefit of all shareholders."

colbaltblue, I would say no as I am pretty sure he couldn't due to regulations.

"the nod & wink" as you put it is common practice.
You could hardly have a placing if you don't tell the prospective investor how much you are raising and at what price.

As far as I can see that was the only info in the RNS that we didn't know.

colbaltblue, previous placees?

I am sure they are probably more than happy
August 2016 - 0.24p
May 2017 - 0.50p
July 2017 - 0.50p
September 2018 - 0.40p
December 2019 - 0.40p
and yesterdays at 0.75p
Even the Primary bid placing in July 2015 was at 0.45p
All in profit if they held.

"It is expected that admission will become effective and that trading in the New Provexis Shares will commence on or around 23 December 2020 ('Admission').

Could be after Christmas for any TR1

Well we all knew it was coming (and if you didn't you should read the RNS's) but £1m is a lot of cash and shows investor confidence and has de risked the business.