Member Info for RKBeekeeper

White Labelling

This is an article on CBD White Labelling.

Voyager offers a White-labelling service which they are expanding all the time.

I have seen their facilities at their Perth Office and they are expanding their manufacturing facilities and increasing their staff and the number of products for their customers.

CBD is now becoming mainstream, and the industry is expanding and a quality Companies like Voyager is the one that will deliver.

RKB

https://theaci.co.uk/white-labelling-cbd/

Amendment

For BMN & Loan Note, I should have said it was £1,208,988. This does not alter the total £6,176,421 or £9,694,391

RKB

No value attributed to most of our assets

Going back to June 2022 I have used the same value of our assets as I did then, or I have used the most up to date value of either their current share value of Friday 7th October 2022 or what we paid for the investment as per RNS.

Engage £2,032,228 (92,374 @ £22)
BMN & Loan Note £1,369,205
Alteration Earth £250,000 (5 million @ 5p) ALT
SOA Energy £99,897
Clean Power Hydrogen £820,000 (2 million @ 41p) CPH2
Rambler Metals & Mining £82,500 (1.5 million @ 5.5p) RMM
Nomad Energy £300,000
Sport80: £100,000
TruSpine £63,194 (1,805,554 @ 3.5p) TSP.pl
WeShop £302,500
Stream TV £238,000
Supernatural Foods £11,427
Mevie Ltd £69,375 (223,790 @ 31p)
Rogue Baron £8,313 (831,358 @ 1p) SHNJ.pl
Landore Resources Plc £150,000 (1 million @ 15p) LND
Interpac Ltd £250,000 (42,735 @ £5.85)
Cash-in-hand about £100,000

The cash in hand is an estimate because as at 30/06/22 we had £420,000 and we invested £250,000 in Interpac Ltd.

All the above assets are technically worth about £6,176,421 excluding the two investments in Fresho & Payapps, which if you were to include them, we have conservatively assets worth £9,694,391.

Our Current Market Capt @ 2.4p is about £3,355,943

There is something fundamentally wrong with AIM and how small market capt companies are valued. One day maybe someone will realise that we are grossly undervalued and just take us PRIVATE.

RKB

Good to see you LtdAxis and that you took the “fun” I had on Friday.

I hope you are well and that you can make the correct decision on QBT.

I am happy that I managed a top-up.

Now who has spoken to “any” of our Directors recently?

RKB

PS May be down your way next summer, maybe we could have lunch, any suggestions?

Admin

I moved away from another Company’s Bulletin Board because there was no moderating.

London South East generates revenue from the numerous advertisements that are displayed on your Bulletin Boards.

I have noticed recently that the number of Posts on various Bulletin Boards have decreased substantially over the past year and your employer will no doubt have seen a decrease in advertising revenue.

Why do you permit posters like SuperSonicBoom to post as they did @ 21:35 yesterday?

“Has fg made a super computer u dosey twats? NO he fkn hasn't, quantum supremacy. Can't believe u silly fkn pricks have fell for this bull****”

You must be losing advertising revenue and I am sure your advertisers would not want to be associated with a platform that permits posters like the one referred to above.

Hopefully you will implement a more robust monitoring process before your Bulletin Boards are deserted to other social media platforms.

RKB

With no value attributed to:

If you agree that two of our assets are valued correctly then this implies that we have no value attributed to:

Engage
BMN & Loan Note
Alteration Earth
SOA Energy
Clean Power Hydrogen
Rambler Metals & Mining
Nomad Energy
Sport80:
TruSpine
WeShop
Stream TV
Supernatural Foods
Mevie
Rogue Baron
Landore Resources
Interpac Ltd
Cash-in-hand

RKB

PS you can find a detailed list of all our current investments at

https://primorusinvestments.com/our-investments/

Fresho

I posted about Fresho on the 10th of June 2022

Fresho: We currently have 3,415,723 shares bought over 4 rounds at prices of A$0. 27 A$0.38 A$0.475 & A$0.575

Paid in total A$1,575,941 and using the most recent funding round of A$12 million @ A$ 0.90 you could say our shares are worth about A$3,074,150 an increase of about A$1,498,210

Using todays conversion rate of A$1 = £0.57p then our Fresho investment is currently worth about £1,759,274.

Update: From June to October 2022 the AU$ exchange rate has not really changed (according to Google) but the last part of the 10th of June 2022 post has changed.

Our Current Market Capt @ 2.4p is about £3,355,943

I also posted on the same day the valuation of Payapps of £1,759,274 and today I calculate Payapps to be worth about £1,758,696

Taking only Fresho & Payapps they are worth about £3,517,950 which is currently worth more than our Market Capt.

RKB

PS This is another slightly different link to the one posted by Testing321 on 24th May 2022.

https://www.thefoodpocketguide.com/2022/06/interviews-news/fresho-food-supply-chains-james-andronis-huw-birrell/

I am thinking of donating 120 tins of Heinz Beanz to LtdAxis as I would have had to pay an extra £80 if I had paid 1.549p

Anyone no where to send the Beans?

RKB

Yes

RKB

Heinz Beanz

All this talk of beans made me do some research.

Asda currently have an offer on at present where you can buy 2 packs of 6 tins of Heinz Beanz for £8 (normally £9) This works out at about £0.6666p a tin.

So, do I buy 3,129 tins of Heinz Beanz or did I buy something else?

RKB

PS Not nice over at ARB.

Transaction in Own Shares

I advocated yesterday that Rupert should commence buying back our own shares.

This morning on the main London Stock Exchange RNS feed there were around 159 RNS Items (when I looked) and of those 45 were headed “Transactions in Own Shares” (or something similar)

You could research why a Company would want to buy back their shares and I input to Google, and it said:

“A company repurchases its shares when it wants to consolidate ownership, preserve stock prices, return stock prices to real value, boost financial ratios, or reduce the cost of capital. Investors can benefit from stock buybacks because the practice has generally taken the place of dividends.”

I could add numerous other reasons why Primorus Investments Plc should buy-back their shares, but I will let you do your own research.

RKB

Yes, it was yesterday.

RKB

No because Rupert reads what we post here. I am a loyal shareholder (long term) but there comes a point when our BoD have to act.

Start supporting our share price and buy back our shares.

RKB

Share Statistics

Good Morning Skittish.

After you posted that there was £20K worth of buying 800,000 shares yesterday and a similar purchase in March, I reviewed my data on the Prim Trades from the 1st of July 2022 to Tuesday 4th October.

I believe my data is accurate but LSE Main Website has been down a few times over the months and I have had to manually input the data from LSE South East.

There have been 66 Business Days and 2 Bank Holidays within the period of analysis.

There have been 13 Business Days when no shares were traded.

The total shares traded on the 53 Business Days was 13,523,288

The average shares traded on each Business Day was 255,156

On 3 Business Days over 1 million shares were traded:

1,338,281 Tuesday 12th October 2022
1,162,886 Monday 12th September 2022
1,023,056 Wednesday 10th August 2022

On 24 Business Days there were less than 100,000 shares traded.

There were 205 Trades on the 53 Business Days and within those Trades there were:

4 @ 250,000
2 @ 200,000
13 @ 150,000
29 @ 100,000
17 @ 50,000
5 @ 40,000
2 @ 30,000
8 @ 25,000
2 @ 20,000
6 @ 15,000
4 @ 10,000

I am at a loss as to why Rupert is not buying back our shares. Our total assets and cash as of 30th June 2022 was £8.23 million. We all know our Investments are worth a lot more than they are within our accounts.

We purchased some shares in Interpact Ltd last month and spent £250,000. Would it not have been beneficial for our balance sheet to have kept the cash and bought some of OUR SHARES as we could have doubled our £250,000 because the Market is valuing OUR COMPANY at £3,495,774 (139,830,968 * 2.5p) after our 8.78% rise yesterday?

RKB

PS I can no longer put a “Strong Buy” on our shares as I only want Primorus Investments to buy our shares.

A well-run Company

This press release confirms to me what I have always known.

If you invest in a Company you have to have confidence that the BoD will look after shareholders interests and aim to grow your Company but not take undue risks.

RKB

Response to Press Speculation

Voyager, the health and wellness company supplying high-quality Cannabidiol (CBD), hemp seed oil and hemp-related products, notes speculation in the press yesterday about a potential acquisition under Board consideration.

As announced in the publication of its annual report last month, the Company has been examining potential consolidation and partnership opportunities . Merger and Acquisition activity has already been evident in the UK CBD sector and the board of directors expect this to continue. With its strong balance sheet (GBP1.17 million cash as at the date of the annual report on 12 August 2022) and its management team, Voyager has already received several enquiries but also is exploring other opportunities of which it is aware.

One example of these was the possibility of acquiring the business and assets of Tree of Life UK Limited from the administrators and it was this potential acquisition that was disclosed in a press article yesterday . This business had previously been one of the UK's most successful distributors of healthy, natural and organic products and the Directors of Voyager considered that the vertical integration with the Company's product range and own brand manufacturing could create value for its shareholders. Nevertheless, for a number of reasons - including several risks which were outlined in the press, the Directors have concluded that this is not an acquisition that the Company should pursue and, consequently, talks have since ended.

Voyager remains committed to its principles of sound financial management and transparent corporate governance. As the market in which it operates consolidates and further opportunities present themselves for Voyager to expand its range of activities, the Directors will continue to examine potential collaborations and combinations whilst at all times maintaining its conservative approach to running costs and the importance of sustainable revenue generation.

In light of the press speculation, the Company yesterday requested that its shares are temporarily suspended on the AQSE Growth Market, pending finalisation of its acquisition discussions and trading will now be restored.

AGM Statement

Ok It appears my estimate of revenue (at the moment) is wide of the mark, but I can only go on what we were informed at the Interims, and I did say that there was a possible glitch “as we had an RNS in early March 2022 alluding to a little local difficulty”.

Callum has pointed out the past issues and clearly stated that these are now in the past and that we are moving forward.

The Market obviously liked what Callum said as we closed 23.81% up.

I spoke to a Director of Associated CBD yesterday and I would like to think that Chill Brands would take a small stake in their up-coming Crowd Funding on Seedrs. I have had sight of their “Pitch” and their proposition is something that I think is worth further investigation.

The CBD market is interrelated and often companies take crossholdings in each other, and I believe that if Chill Brands were to invest as a Seed Investor it would be a win-win for us and Associated CBD because we are selling our products on their website and this generates profits for them and revenues for us.

I will closely scrutinise our Annual Results today and even though they will not be what I was hoping for, I will be looking at the forward statements from Callum.

I will also converse with Callum at some point during the day.

Shareholders in my opinion should not just sit back and shrug their shoulders, they should challenge the BoD, ask probing questions, and hold them to account. Callum knows what must be done but he must be reminded that it is the shareholders that he is employed by, and he has to always act in our best interest.

RKB

PS With the votes cast as yesterdays AGM there was almost no dissent. Last year there were 36 times more votes cast against the Resolutions than yesterday and I was a vocal dissenter last year but now I am fully supportive of Callum.

There are Warrants in the hands of our BoD exercisable at £0.10p and I only need about £0.09p to break even on over 800,000 so I await further communication as alluded to in a recent “Tweet” from Chill.com our iconic domain name.

https://twitter.com/ChillCBD

https://www.seedrs.com/

https://www.associatedcbd.co.uk/

Good Morning FactoryPhil

Did you look at Associated CBD websites?

Did you see the quote from Callum?

Did you check how many of our products are listed? (Some are sold out)

I think we have turned the corner.

RKB

What you have missed

Nobody keeps tabs on the Venice High Court case.

If you did proper research, you would know when the Venice High Court sits and when judgements are issued.

The trolls have conveniently ignored the pay-out of this Court Case is being settled with Insurance Companies (some of the largest European Insurance Companies see the various RNS’s)

You may be pleasantly surprised to know that substantial compensation could be added to the agreed pay-out and FG gets 10% cut as per his terms of employment.

RKB

PS I hope you arrived home safely from Vietnam and are well.

What I am looking for

Our AGM is being held today at 3pm. This will hopefully allow for our Annual Results to be issued either today at 7am or a little later but before the AGM.

What I am looking for in the Annual Results is a substantial increase in our revenue for the year ending 31st March 2022.

At our Interim Results to 30th September 2021 (RNS 28/01/22) we reported revenue of £1,073,872 and I would be disappointed if we do not report north of £2.5 million. (there could be a glitch with the reported £1,073,872 as we had an RNS in early March 2022 alluding to a little local difficulty!)

We appointed Michael Sandore on 4th January 2022 as our Chief Commercial Officer, so he had three months to stamp his authority within this years Annual Results (with increased sales) but he left us when Callum was appointed on the 19th April 2022.

We were informed on 9th February 2022 of our relationship with the Micro-Fulfilment partner: Fabric.

I am not expecting substantial sales via Fabric as they would only have a maximum contribution of about 6 or 7 weeks to drive sales through their channel but hopefully this commercial arrangement will be a good source of revenue over the coming years.

Callum was previously our International Brand Director (a non-Board appointment) and we will never know if as a result of Callum being made CEO that Michael Sandore was “by-passed”.

Callum has ensured that our Company has survived (with the fund raise in April 2022 and the Open Offer in May 2022) and we are the owners of one of the most iconic domain names, www.chill.com

There should hopefully be a major announcement shortly that our new website is up and running and generating the revenues that our Company and Shareholders deserve.

RKB

PS I recently Posted on another B.B. a comparison of that Company and CBX because there was an RTO announced for CBX on Monday. I am currently doing extensive research on an unlisted CBD Company called Associated CBD Ltd.

Associated CBD Ltd is an online marketplace.
https://www.associatedcbd.co.uk/

If you click on the “All CBD Products” at the top of the page, you will see that Zoetic comes up first.

There is consolidation in the CBD listed share-markets (see CBX and RTO) the winners will be the ones that have a user-friendly website, products that their customers want and companies that are well managed and have a BoD who do not take excessive remuneration and keep expenses under control.

One other listed CBD Company

There is another listed CBD Company not on AQUIS but on the Main LSE Market under the “Medicine & Biotech” sector.

You may be familiar with this Company, Cellular Goods (CBX) and you may have seen an RNS yesterday about an RTO for them.

It is often advisable to compare Companies in your sphere so that you can have an understanding if your own Company is being well run for you by your BoD.

Yesterday CBX’s website was down but from their RNS’s & Companies House I have analysed CBX and compared them to Voyager Life.

CBX shares in issue 507,250,000 as at 6/04/22
VOY.pl shares in issue 9,252,920 as at 27/09/22

CBX cash as at 1/12/21 £9,150,000
VOY cash as at 31/03/22 £1,400,000

CBX Listed on 26/02/21
VOY Listed on 30/06/21

For the following comparisons I have taken the most recent Annual Accounts CBX 12 months to 31/08/21 VOY 17 months to 31/03/22 which both include their listing on LSE & AQUIS.

Directors: CBX 7 VOY 4
Directors Fees: CBX £397,202 VOY £191,000

Revenue: CBX £0 VOY £178,000

Warrants: CBX 24 million VOY 925,291

Loss for year: CBX £3.34 million VOY £801,000

Total Assets: CBX £10.75 million VOY £2.32 million

Share Based Payment Charge: CBX £907K VOY £67K

Audit & Legal Fees: CBX £406K VOY £60K

Consultancy Fees: CBX £515K VOY £0

Advertising: CBX £830,225 VOY £0 (£830K for Advertising and CBX had no Revenue, VOY no Advertising and £178K Revenue!)

CBX have issued Interim Results to 28/02/22 and their Revenue was £13,000 and their loss for the 6 months was £2.4 million. Their cash balance was £5.53 million.

All I can conclude from CBX Interims is that they are spending about £603,666 a month (6 * £603,666 = £3,622,000) (£9,150,000 - £5,528,000 = £3,622,000) and this is for Revenue of £13,000.

From what I know about Voyager, our Revenue alone from our three shops would be £360K per year if we were to annualise our most recently communicated weekly sales (see video at about 5 min 25 sec) but we have three revenue streams, Shops, Online & Trade Sales. Currently our shops are 55% of our revenue but Nick aims for Trade Sales to be 50% or more and my calculation estimates that our next years revenue will be close to £1 million.

When a Company does an RTO shareholders expect their BoD to act in their best interests and from our Annual Accounts and meeting all our Directors, I am confident that we are in the safe hands of Nick, Eric, Nikki & Jill.

RKB

https://www.proactiveinvestors.co.uk/search/advancedSearch/all?keyword=voyager+life