Member Info for greedisvgood

For the last time H&N - I do not need/want you to ask questions FOR ME I do not need/want any PI info from you as I have my own reliable sources without taking info off a 3rd party I don't know from Adam and who clearly cannot sort the wheat from the chaff or more to the point sieve through corporate mist to get to the actual facts You assume my points are erroneous assertions all you wish, it's no skin off my nose and I certainly don't care what you think And finally you clearly have not attended PI when they were based in the North or our paths would have crossed. I certainly would not forget a character such as yours, that is unless your real character in person is significantly different to the persona you promote on here. and before you spout on about cost, when you have caught an overnight bus to Preston to attend an AGM before returning home the same day I will consider you to have the same committment to PI becoming a success as I do You would also find that attending AGM's and making the effort to get to know not only the officers and II's in attendance but also the company's other employees by engaging with them on the premises and introducing yourself offsite (both ones that are now no longer employed and also those that still are) you can put yourself in a significantly better position to make balanced judgements regarding your investment than someone like yourself that doesn't appear to do anything apart from regurgitate the same drivel over and over without actually making any noteworthy points

Once again - you assume I have not heard my information direct from PI or my information is not correct and relevant As reggie says, they will only tell you what they want to tell you anyway whether that be by email, telephone, or face to face - if you were an II on the other hand you may get a little more info to twist your arm - this is from experience both with PI and others and also both regimes at PI If this management are going the same way as the previous regime in failing to get significant sales traction it needs highlighting and hopefully dealing with - if revenue begins to make good movement I will be the first to hold my hand up I just don't want to see my investment utilised in employing yet more ineffective personnel who are not capable in getting this company to where it should be before the story gets too long in the tooth You may be better employing your suspicions in other areas - and you still have not answered my question to yourself, did you ever venture North for any AGM's ? You cannot continue to claim I'm not quoting relevant and correct information as a result of your belief I have never spoken to PI, John Brubaker, David Jones, Peter Blezard, Mike Panteli, David Marks, Martin Robinson, etc etc when you can't even answer my question !

Exactly - and then it's up to the recipient to decide one from the other ;) I reiterate - all I want is for this story to become the success it should be before other competitors overtake us and our aging products (if they haven't already). R&D appears to have been on hold for years and as a result new products, rather than variations on a theme, have not been forthcoming We probably have the advantage of a bit more financial backing and management expertise than others but now is the time, after 2 years of the new structure, focus, business plan to start making real inroads into revenue and get to profitability - especially after the lack of continued success of the previous team I don't feel that is an unrealistic expectation after 2 years, the initial customers and revenue were already in place and just required developing and uplifting, as were numerous field trials and new territory negotiations - I was hoping therefore that the existing 'bread and butter' business would continue to contribute towards the reduced overheads and at least some of the new business plans would come to fruition enabling profitability and all the trappings that would follow. I was under the impression that we already had a UK distribution agreement in place around 18 months ago so presumably no time consuming efforts have been required to search out new UK customers but rather just develop the revenue streams with the existing partner (and the groundwork would be done by them rather than PI) Unfortunately nothing significant appears to be in the pipeline (apart from Brazil) but I stand ready to be corrected after July and possibly any announcements prior to or following the investor meeting particularly regarding an uplift in revenue (I wouldn't like to think we have all our eggs in the Brazilian basket) For this type of business, with products that do what they say on the tin, especially in this day and age of food production concerns and the attention it is getting from governments and major industries all over the world, I would expect there would be no need for revenue warnings in any shape or form as the groundwork has been done years ago with the initial customers and end users - the product results should be doing the talking by now and revenue increasing significantly in the established areas simply as a result of word of mouth Revenue forcasts should only be complicated by the level of anticipated uplift and new territories but it appears for the last 3 or 4 years the revenue has practically stagnated for an innovative company - we should be seeing revenue doubled (at least) year on year if the products really do perform as claimed Interesting times lie ahead over the next 12 months

You miss the point yet again - I don't need your information as I can get the data for myself I was merely suggesting questions for you to ask in order to confirm my points for yourself or possibly the questions being sidestepped at the investor day if you choose to ask them If you and your new colleague agronoveg1 now wish to believe PI customers in UK/Europe grow their produce right through to November, and more to the point purchase and use PI products through until then, would you like to explain the reason for the period change ? Surely in that case they should have changed it to December rather than July to cover for this eventuality !!! And again confirm this for yourself by asking the suggested questions - I already know the answer ! You continually contradict yourself, One minute discussing the necessity for accounting period changes because of the seasonality of the business Then stating the produce is grown right through to November Then pointing out seasonal delays which won't affect overall sales just delay them into another Q etc etc I'm wasting my breath - get your data from wherever you choose is best ! ps Did yourself and Bavaria ever venture North for the AGM ?

ps Welcome to LSE agronoveg1

So would you both like to bring this up at the investor day and question the management on the reasoning behind them not selling product in UK/Europe throughout the year rather than mainly in Q1 (with a lesser amount in Q2,) and why the concern over accounting periods if that's the case ! We have specifically been discussing UK/Europe, and that is the focus on the articles posted yesterday, or are you skewing off on yet another tangent or failing to follow my thread yet again !

http://www.ecoculturebs.com/www.ecoculturebs.com/Home.html Very interesting link to a recent article on potatoes !

http://www.bionatureagriculture.com/Reviews.aspx

Unfortunately I will not be there as my work takes precedence over travelling to attend I have experienced the AGM's in the past and found them to be an unjustifiable way of spending my time as pointed or uncomfortable questions are skirted around and referenced back to the agenda already planned, and this does not just apply to PI but most companies As you will be aware the vast majority of shares are held by institutions who will already be in regular discussion with the company whereas what are seen as minor private investors are treated as such as we don't particularly figure in the plans of the company and certainly not seen as individuals who can question, or more to the point influence, the decisions and performance of the company and it's officers How many AGM's have you attended in the past, maybe we have already met ? Like I said they tended to be particularly poorly attended (on most occasions the attendees would comfortably fit in one people carrier) and therefore easy to ascertain if you have already made my acquaintance or not ! I look forward to you relaying any additional information, particularly regarding actual revenue for 2013 (and hopefully 2014 forecast) and profitability forecasts as these are now the lifeblood of PI, you obtain at the investor day, although I will be able to get any information myself from other attendees in the event you don't make it ! This company has not has a great reputation for accurate budgets/forecasts in the past (particularly beyond 6 months) and has always come up short on its revenue forecasts with the result it began to struggle in relation to additional fundraising without offering significant discount. Therefore I would suggest you ask the company if they can enlighten you regarding the revenue split for longstanding customers and any new customers who have come onboard in the last financial year - from my information (and past announcements) new sales sources have been few and far between during the last 4 years and rather than increasing their customer base they have lost as many customers as they have gained and have therefore appeared to restrict themselves to selling more product to the same contacts, hardly a concerted effort to spread the word - Brazil apart (although we had the US potato story 2 years ago which subsequently never materialised) Hopefully now they are based in the South the meetings may be better attended and more information may be forthcoming on forums such as this as a result You decide what you think is opinion and what you think is fact - on the other hand I actually know what facts I am in possession of and I certainly don't require any pointers from yourself in relation to PI !!

'Just waiting for the news re. Brazilian distribution partners. One of the key parts of management's expansion plans and the first attempt to get into broad acre crops, a potential game changer. 'As I suggested, European revenues are running late because the season started a month late. I suspect some sales expected pre. July will now end up post July. I expect clarity on this at the investors' day in July' Where have you been for the last 6 years ? First attempt to get into broad acre crops ? And you claim I don't know what I'm talking about ! The sales we expected pre July i.e. Jan to July, you now expect post July i.e. Aug onwards - that would need one BIG greenhouse ! And you will get clarity in July at the investors meeting - they will either confirm they have hit their forecast for the period to July or confirm they have not, they will not tell you those sales will now appear in H2 as there will be no requirement for the product then until the following season - simple ! 'first ever profitable Q..Q1' - what a surprise, the Q with the majority of their sales , and then lose that profit and significantly more in the other 3 'i doubt H2 will be unless something miraculous happens in the first year's trading in Brazil or a lot of Uk?European sales get rolled over into H2 which seems unlikely' - Miracle is an understatement and you expect they might have some UK/Europe to roll into H2 and still be profitable in H1 !!! Laughable At the end of the day H&N business is all about a trading YEAR ! All companies could pick and choose a month, quarter or half year to report wonderful profitable results - but that's where the rest of us have to interrogate and analyse to see the full picture and decide on the value of investment ! Do turkey farms just report their Q4 results ? Wimbledon just Q2 ? Thomas Cook's Q3 ? I don't think so ! So don't be blinkered and judgemental in your acidic approach to other investors who just want straightforward information now the reporting periods are set - there is no such thing as a delayed sale in an annual report, it is a lost sale, under performance on reported forecast, or simply will roll over into the next period. Unfortunately this rarely happens in agri and particularly when you have already juggled your accounting period to specifically avoid this scenario ! I will concentrate my discussions with the other posters on here who are capable of listening and responding sensibly and in a balanced manner, with the ability to change their viewpoint and attitude when relevant info comes to light - therefore I would suggest you no longer comment on my posts if you see them as fictitious, onesided diatribe and I certainly won't bother even reading yours until you are capable of considering another person's data and digesting it properly before dismissing it And it's goodnight from him !

'sales are running later than normal this year because the season is a month late' - sales don't run late in agri leaving an issue by the end of July, therefore a pointless statement as I said previously as it shouldn't affect sales revenue in the period, it has been stated by the company because they will be LOST sales not LATE sales ! You can't seem to grasp this simple fact

I understand your interpretation R but why do you think they mention it if it is temporary ? I believe sales will improve 'eventually' we just need it sooner rather than later ! By break-even do you interpret that as profit wise or just cash flow ? I would be amazed if they can break-even profit wise on the anticipated sales, and this would render the revenue warning as unimportant as we are all waiting on the break-even point regardless of the sales required, or do you think they are referring to cash-flow break-even, a completely different scenario particularly bearing in mind the fundraising in Dec/Jan ? In addition, if it is only in relation to the 6 months to July that wouldn't be difficult bearing in mind that period would include the majority of their sales (be those UK, Europe or otherwise) - and then the results for the following 6 months (unless Brazil takes off) would show a significant loss as the cost base would continue with no revenue !

And might I suggest you refrain from petty name calling - this just serves to highlight you as an immature individual who clearly is not prepared to listen or consider cold hard facts without chucking his dummy out of the pram when questioned If you don't want to listen to balanced clear information then keep your own opinions to yourself - failing that I suggest you purchase a farm to commence your growing season in July and cash in on your crops from the delayed season this year, selling your apples and potatoes in Jan-Mar at hugely inflated prices as no one else is capable of growing crops at that time of year Quite clearly you are not aware that the UK market for apples runs until around the August harvest at the latest when a significant proportion of the stock is placed in storage for release over the rest of the year - apples for instance will not grow in Sept/Oct/Nov in the UK in the event of a delayed spring

Like I have said for the past week - come back to me after it becomes clear in 6 or 12 months ! They have already gained a 4 month window by extending the period, this was to get past the March/April point which was bang in the middle of the main ordering/usage point for the UK/Europe and therefore in the past had created issues This problem no longer applies and a month, or even 2, will no longer cause a problem - a bad or missed season on the other hand is a different kettle of fish as that is simply lost revenue - the secret here is to get your orders in, supply the product, and invoice the goods prior to the customer's requirement (which would be normal practice in any industry) and then the bad season is not as much an issue as you have already made the sale - the kick back would then be possible lower sales the following season as the customer may still have stock left Overall the position is one of contingencies, if the revenue and success of the company in meeting its projected targets is wholly reliant on the British/European weather we are on a very sticky wicket - but basically this is no longer an excuse now the timing issues have been negated with the period change Try and understand that even if the company can fulfill orders overnight for the whole of the UK/Europe (which I assume they could not given the stockholding information at the last reporting point) you are still left with the issue that once you reach the end of July the vast majority of the growing season, even if delayed, has passed and therefore most of the applications and product usage will still have taken place - therefore by July the effects on revenue should be minimal (maybe 10% down on projected forecasts at best - and that's assuming the customer buys the product seperately for each application). Any more of a decrease suggests completely lost sales or that the customer has purchased an alternative product elsewhere The RNS states the obvious, that the late season might affect sales ! It doesn't say it will DELAY sales, it will AFFECT sales i.e. as I point out they will be MISSED sales and therefore not simply fall into the next period

Again - read through my past posts and you will clearly see my views are not one sided at all, and I have been critical of the company, and also praised them, in both guises None of my comments are libellous, they have simply pointed out information, and comments by the company, that are already in the public domain. I have never once claimed the company or its staff have done anything untoward or illegal simply they (both old regime and new) contradict themselves regarding some issues but revenue reporting in particular. At the end of the day though this is the nature of business, and particularly plc's, as they need to keep the story good and will polish the figures as much as possible so they are no different to any other company in that regard and especially when there has been a change in management as it's common practice throughout industry to blame those who are no longer employed - this scenario only lasts for a short time though, as with any scenario in life, before the story wears thin Their story is still a good one, and I continually stress that, and I believe the new team is significantly more capable than the previous one but I don't want to see them undermine their position by following some of the same tacts as they simply shouldn't need to given the promise of the company and its products. They appear to react quicker are more effectively than the previous regime, e.g. disposing with staff that were not effective enough to push the story along, most notably the management and underperforming sales employees (although this was apparent years ago but always difficult to nip in the bud as they needed to keep some sales traction) You have showed nothing, you don't appear to be able to understand simple facts regarding this sector and certainly have not proved me to be inaccurate in any way The market doesn't need to agree with me, just because the SP is ticking up doesn't mean my points are incorrect it just reiterates my point that it is still a worthwhile investment even in its current position I am not looking for confirmation or agreement (or disagreement) from the company or anyone else, this is just my opinion on facts and figures released by the company and the industry nothing more nothing less - and would you really expect the people you mention to actually come out and get involved in my dialog whether it is accurate or not ? They need to tow the line regarding their released information so they are not going to confirm if some of my points are in fact well thought out but then again that is what this forum is for, independent viewpoints in order for us to make balanced judgements on investments I am tired of your blinkered approach and inability to even consider small clear points that make sense, see Reggie's post re revenue timing, therefore until you can illustrate any of my inaccuracies (and not just point out apples and potatoes grow in July) I will ignore your posts

Thank you Reggie - someone who can see my simple logic ! Maybe I over embellish with H&N but then cold hard facts seem to be lost on him ;)

You continue to rub people up the wrong way just because you fail to accept anyone elses point of view or balanced informative data, this is quite clear from your postings history both here and elsewhere ! You may choose to email PI and ask them for their historical monthly UK/Europe sales information and then ascertain for yourself whether sales in these territories are actually a possibility after July (or even June to be honest) ! And yes they grow in July, but yet again you fail to read accurately, I specifically said AFTER July as that will tie in with the reporting period and in addition they may grow in July but what proportion of applications would be outstanding at that point in that given situation ? Even if 50% of applications were still outstanding (which certainly wouldn't be the case) an absolute minimum would be that 50% of the sales would already have been processed, and that's assuming the customers didn't buy stock forward, when in reality they will normally purchase the full season's supply in one hit Catch up !!!! What do you actually know about nature and growing seasons ? It doesn't always catchup, a bad/late season can result in a missed season full stop - why do you think PI have been attempting to move into Brazil, USA, Middle East etc etc because the UK/Europe isn't stable/consistent enough, and also the market isn't significant enough to meet their long term targets - it's not just a case of ensuring sales are spread throughout the whole year, although this is a benefit of branching out into other countries the main reason is the limitations of UK/Europe regarding the applications/benefits of the products in these areas and the perceived ceiling of the revenue streams You fail to pull me up on any points I have made thus far regarding PI which suggests you cannot therefore I suggest you stick to what you know and reserve any further comment until after further company announcements at which point I will glady hold my hand up if proved incorrect

Learn to interrogate information H&N - how many crops do you know in Europe that grow after July - or more to the point can be treated with product purchased and in stock ready to use after July ? You continually miss the point ! These will not be delayed sales, if they are not sold (or even ordered) prior to the end of July they will be MISSED sales for this growing year, pure and simple Before you reply with a non sensical retort I might ask you to hold your counsel until the results are released later in the year - and in the meantime trawl through my previous posts and feel free to pull me up on anything that I have subsequently been incorrect on regarding PIM - you may finally decide that my discussion is actually worth considering ;)

Not at all - I still believe the story will come good, eventually, and the SP may even reach circa the £2 mark or failing that Arysta (or another big player) will snap them up for 45p-50p per share !

I don't envisage significant movement, and by that I mean passing the 25p mark, prior to encouraging revenue reporting later in the year Let's not forget we were at 45p not too long ago and this is the level Arysta originally jumped in at - whilst us being fortunate to be showing a 100% and higher margin I'm sure we are all expecting at least double this mark and more for the risk we have taken over the last 6 years or so I guess we are all waiting for the results with baited breath