Member Info for JamesTrader71

Stephen Ball is welcome to buy but he’s not the mystery buyer that’s the company themselves. Forced to buy back shares to try and get some liquidity but still no takers. Price here has been static for years and nobody interested. One small dividend paid over a period of years and zero movement in SP year to year. Why anyone would invest here but especially now with the weight of a claim and AIM regulations breathing down PRIMs necks is plainly displayed in fact there’s no takers for the stock. The share buy back designed for liquidity as nobody trading this but even this isn’t delivering results. The shares in issue become less so TR1s will reflect these changes if they cancel them making holders % seem larger. I think PRIM have ffed up big time with this move in fact what gains have they made other than display of contempt for AIM rules with their alleged breach of AIM RULE 7 and a lock in agreement they would be more than familiar with so it’s hardly delivering positive sentiment for PRIM stock either. Fact MB was non exec Chairman of PRIM up until 25/3 makes it even more shocking the move to sell up all PR1 investment before 30th Dec 25 . The SP with all PR1 are doing in the AI platforms, Data Analytics, Sport AI platform and BTC Treasury space by 30/12/25 would be many times what they sold out at. All of this is ffed up and if I was a PRIM shareholder I would be livid

9.50 back on ask and a whole morning of buy orders completed now afternoon session looking primed

Free float here is very small and only 160,440,320 in issue and in hands of Directors and original company start up connections all holding tight so good riddance to PRIM I think PR1 will have the last laugh on this eventually

‘As of 3rd July 2025, the total issued share capital of the Group is 160,440,320 shares and 50.05% of those shares are not in public hands’

Fyi I have around £40k worth here and they will take all my position in one go underlining that the work down is to mop up shares in big numbers

As previously posted there are 2 concurrent remedies acting in tandem

1. AIM LSE regulations can compel PRIM to buy back the 11.6 million shares against any breach of AIM RULE 7 lock in agreement

2. Legal claim separate from above for compensation remedy to PR1 by company

There’s probably last fumes of placing maybe but doubt as volumes churned this many weeks ago but there was concern about the MM C u next Tuesday who had a rumoured large short outstanding and from the work down (really this price activity needs reporting) looks like this is behind why SP is being worked on down daily against even now 4 pieces of news and a US listing this month

Bought more and chuffed to be able to add this low the MM are order filling since opening just so you know reminder Muir’s chart shows a big increase up to late teens add on US listing this week and we are in 20s. There’s ii making stakes here in advance of a rich period for news now it’s all set up and ready to climb

Olwi the ‘mysterious buyer’ is the PRIM Board the company themselves nobody is else is buying PRIM shares. They have been on market for years - LSE shows the SP hasn't risen above 5.80 in all that time. They sold PR1 in time to make buy backs looks like re timing. It’s almost like they want this to go private or fail

Testing you are not in the loop here PRIM made announcement of buy back for their AGM keep up the reason being they stated in RNS as liquidity

The buyback authority was obtained to allow the Company to purchase Ordinary Shares through the London Stock Exchange if there was limited liquidity in the market, and if the Directors considered that it was in the best interests of the Company and Shareholders as a whole. Any purchased Ordinary Shares would be cancelled (in which case the number of shares in issue would thereby be reduced) or, alternatively, held as treasury shares depending on which course of action is considered by the Directors to be in the best interests of the Company and Shareholders as a whole at that time.

Although no purchases by the Company of its Ordinary Shares have yet been made, the Company intends to seek Shareholder approval at the AGM to be held on 8 July 2025 of a new buyback authority for the Company to make on market purchases of up to 40 per cent. of its Issued Share Capital implemented by way of a share buyback. Accordingly, the Company will seek Shareholder approval of the Share Buyback Authority ("Share Buyback Resolution").

The Company has agreed with the Panel that the following persons are acting in concert in relation to the Company: Rupert Labrum and Hedley Clark, being the Executive Chairman and a Non-Executive Director respectively. Accordingly they (together with their close relatives and the related trusts of any of them) make up a concert party as defined by the Takeover Code (the "Concert Party"). As at the date of the Notice of AGM, the Concert Party has a combined interest in 41,780,673 Ordinary Shares, representing approximately 29.88 per cent. of the Existing Issued Share Capital.

Any purchases by the Company of its own Ordinary Shares will reduce the Issued Share Capital and may thereby increase the Concert Party's holding to 30 per cent. or more of the resultant Issued Share Capital.

Under Rule 9 of the Takeover Code, when any person acquires an interest in shares which (taken together with shares in which the person or any person acting in concert with that person is interested) carry 30 per cent. or more of the voting rights of a company, such person shall extend offers to the holders of the other shares in company. Under Rule 37.1 of the Takeover Code, when a company redeems or purchases its own voting shares, any resulting increase in the percentage of shares carrying voting rights in which a person or group of persons acting in concert is interested will be treated as an acquisition for the purpose of Rule 9. Subject to prior consultation, the Panel will normally waive any resulting obligation to make an offer under Rule 9 if there is a vote of independent shareholders.

The Panel has agreed to waive the obligation to make an offer that would otherwise arise under Rule 9 as a result of the Share Buyback Programme, subject to the approval of the Independent Shareholders.

We do need it in an RNS but LONDON, FRANKFURT and US coming onboard this week RNS by 17th which is within the 30 days on RNS about US listing so expect 18th OTC market live. This could be last day to pick up sub 10 and think MM went back for a few outstanding orders as it was pulled back from 10.10 bid on open but nobody sold before they pulled it. Buys only live quoting for small amounts rest now in auction so exiting into late 9s or 10s soon

How can PRIM be trusted with any other AIM IPO investments it makes? If they think they can get away with this then what message does that send to the AIM market or companies they make further investments in? AIM RULE 7 is there for protection and to make sure there’s an orderly market too. Think AIM regulation will come down on PRIM like a ton of bricks hard otherwise AIM regs become a joke and how can AIM LSE ever enforce anything else if they dismiss this. In IPO document all in black and white which investors of PR1 read and helped form a decision to invest here. PRIM cannot just ignore the damage to PR1 share price and PRIM shareholders need protection too from the alleged breach by the company

Market strategy straight into a shake out before we go again closed at over 10 yesterday with highs of 10.60s (11.40 on Friday) think we will see 11s v 12s minimum today as we we work up to high teens as per Muir’s chart

Great stuff yes agree it’s about to go a bit mad here SATS now getting ready to really rerate and warrants conversion always a good sign they too are aligned with the big rise coming

Officially closed at 10.05 great start to week and we move up the chart lots of aggressive order fills been done today in anticipation of US OTC listing and the real start of the climb to 20s again for SATS

Finishing in double digits just watch this and can get US listing RNS now name change official as soon as tomorrow but by 17th July max 30 days countdown

PRIM shareholders must be livid too as this move now opening the company up to legal claim. Shareholders here also need protection under any AIM rules re allegation of Aim 7 being breached would like to hear from some shareholders on their thoughts here. PRIM board wanted to initiate a buy back of PRIM shares so do they have the required amount of capital to do it if PR1 sale of stock reversed or they are forced to buy on open market? PR1 don’t have an allocation to make them settle for an offer so open market it will be hard to get over 11 million shares bought back and will cost much more than what they sold at

Perfectly calm unlike the manic derampers still here posting their same old stuff every hour big buy went through at 9.50

The board have hardly added any value to the SP for years it has never been higher than 5.80 in 5 years. Also how can MB ex non exec Chairman of PR1 then as CEO of PRIM sell shares in PR1 3 months after leaving his role in PR1 there’s surely some sort of a conflict of interest which would not be a problem if they had adhered to the lock in AIM RULE 7 agreement until Dec 2025 but they did not and sold up so even this angle does not seem right

Game play by MM as done the calculations and can’t be any more selling from original placing a lot forward sold as we already knew so looks like MM gaming holders to buy up themselves which is why when ask is dropped nobody can buy

NO LIVE QUOTES on the buy side of things now for much volume could see a decent rally into close today US listing could be announced tomorrow

US LISTING THIS WEEK remember see TAO on LSE RNS 18/6 within 30 days max and 17th is 30 days get your positions ready now like Zac states on the chart upper teens I think we could be going to 25-30 with US onboard

OTC Application

The Company has now formally applied to the OTC to be added to the OTCQB. The Company believes the process will take approximately 30 days given the Company's existing admission to the Main Market.

The board believes the OTC admission will further enable participation in the journey of TAO Alpha to those overseas, which is particularly critical given the increased adoption of blockchain technology and cryptocurrency in the United States.

Matthew Lodge, CEO of TAO Alpha, said: "TAO Alpha has made some fantastic progress on a relatively light budget. The rolling of rewards earned on the Bittensor network back into TAO enables us to scale quickly the participation in the TAO Alpha platform. We believe the £5m investment announced yesterday will enable us to scale our application and further enhance the efficiencies with greater emphasis on the expediting of continued machine-learning in our already developed A.I agents. Further, the OTC application will allow TAO Alpha to further unlock the potential of the platform with greater engagement in the US markets given their continued adoption of the type of work that TAO Alpha does."