Member Info for raaydaar

How many mug punters got spiked this morning providing liquidity for the Zenith sales and profits for MMs. The SP dropping once again.

"Active and healthy buying" hmm the actual numbers suggest the opposite. I understand your massively underwater Botuney, but your pathetic attempts at spinning something positive from what has been a complete car crash of an investment are quite frankly pathetic as you too appear to be.

Craig, the water rumour was never corrected in any communication from the company, the issue was deflected.

1villian I have read the relevant news and nowhere does it state that there wasn't/ isn't an issue with the water supply to Zulu.

Latest rumour from the realistic telegram group from someone with a source on site is that the plant has no water.

Into the liquidity provided by the mug punters.

Still a whole load more to be sold and then another 2 billion to hit the market in the form of a discounted raise.

Acker, there never was any news to be released, just the wishful thinking of the telegram group members after making some wild assumptions following the EGM.

Hasiba, you have brought this on yourself, you attacked me the other day with wild accusations about having lost a fortune on PREM which was wholly untrue. You seem very proud to own "two truckfuls of PREM" and whilst you haven't lost any money until you sell, those paper losses must be very very painful and whilst its a paper loss right now, if PREM become bankrupt, which if you look at the technical analysis and in particular the Altman Z score then you'll see that PREM scores -7.6 if you know anything about that analysis you'll know that a score below 1.8 means a company headed towards bankruptcy, -7.6 is way way below 1.8.

You might want to reconsider what you do with your truckloads of shares, they could soon be worth nothing on paper and nothing in cash

His Zenith pals clearly aren't interested in investing in the company, maybe Pei has told them it would be a bad idea to hold on to those 2 billion shares.

There, I've mentioned him and his Zenith pals

NellyB, PREM are in breach of the loan agreement with GR, they've openly admitted to this, as you should (do) know if you know anything about the company.

Why would he write off the loan? He's continued to take a salary all the while failing to achieve anything of meaning, taken share options and bonuses, he certainly not going to write off over a million that's owed to him, he's most certainly not altruistic and doesn't give a toss about his shareholders.

Acker we all know exactly what the 20 million transaction was, well all of us apart from Whywastetime and Luthee who are incapable of reasoned deduction

Ricky it will take a lot longer than a week to churn through 1 billion shares at current daily volumes.

1villian, the tide is most definitely not turning, the share price will continue to fall as Zenith continue to sell. GR will then place the 2 billion shares at a discount to raise some working capital those shares will then be sold adding more downward pressure to the share price. Still no updates on the plant fixes being completed, no news on the bags of SC4 (or less) that were supposed to be sold.

We all know that no news is never good news with PREM.

Hasiba, I haven't lost a fortune in PREM, I've never admitted to losing a fortune in PREM, once again your delusions cloud your judgement and the pressure of being over exposed in a share that has already cost you a fortune and will cause you to lose a fortune is telling.

They say ignorance is bliss, sadly for you ignorance os costly.

Hasiba how many times were you told that Zenith would be selling, yet you belittled those who correctly told uou what was going to happen. You're delusional confidence in the company is most likely due to massive over exposure and is clearly clouding your logic. As I've said to you before take a step back, don't be ignorant of others opinions and understand there's people out there that know and understand this company much better than you, Luthee, Botuney etc

Botuney do you actually understand anything about the company. Can you read an RNS (or rather 2 RNS) and understand the contents?

As has been explained by many of us "warriors" on here, Zenith were issued shares in order to secure payment for a debt owed to them by the company, a debt which GR did not pay despite having a legally binding arbitration judgment in favour of Zenith. Zenith, as you were told they would, are now selling those 2 billion shares in order to get the money they're owed. As of the 21st August they had sold 550 million shares, I guess you're mathematical ability is similar to your English language comprehension so I'll explain it to you. As of market close on 21st August 2024, Zenith had 1,450,000,000 shares left to sell. They will have sold a quantity of those into the rise on Friday so could well have a little under 1000,000,000 shares left to sell.

They are not investors in PREM, they want their money and I expect that once they've sold their remaining shares they'll be coming back for the $1 million interest they're owed.

Luthee in the absence of any additional tangible information we can only decuce that PREM are now insolvent.

What's clever about a strategy where GR doesn't pay his bills and has to ask shareholders for dilution of a further 2 billion shares? Shares which are currently being sold for funds that may or may not pay the capital amount owed. Then there's the question of the interest accrued on the debt. No clarification has been given on if that's been waived or a payment required at a future date. That interest amounts to around another $1million.

Jag it was never going to be online as GR wanted to wine and dine some of his city contacts to try and get the placing away. That didn't happen so he thought he'd max out the credit card on a trip to China with the begging bowl in the hope they'd fill it up with cash, looks like they weren't willing to add to the coffers so the question is where is the cash he so desperately needs going to come from?

CPPCoder, there's clearly and obviously more sells than buys, currently at a ration of about 4:1.

Technical analysis doesn't work for stocks such as PREM which are sentiment and new driven.

Alas there is no news do drive the share price upwards and a known seller of 2 billion shares driving the share price downwards

Hasiba, it's not just the traders banking profits from Friday, it's the continued downward pressure from 2 billion shares being sold by CZ