Member Info for RKBeekeeper

Love CBD Ltd

This one has been going since 2015.

https://find-and-update.company-information.service.gov.uk/company/09419400/filing-history

Now it appears on paper their accounts look good but when you see they only have £10 of Nominal Capital (not really an issue) but they are tardy with their filings at Companies House.

What concerns me is the transfer of their shares to Washingford Bridge Ltd (same guys) and again their disregard for filing documents at Companies House.

Personally, I do not like this reverse takeover or the balloon payment if they reach projected revenue.

Questions need to be asked as to why this RTO has been proposed.

RKB

Cannary Brands Ltd

It appears to me that Cannary Brands Ltd have won a watch and shareholders in CBX have overpaid.

There is limited information on Companies House.

https://find-and-update.company-information.service.gov.uk/company/11926997/filing-history

Their most recent Annual Accounts to December 2020 show a loss of £4,054,000 and as they have only been going from April 2019 their losses to date are £6,093,000.

I find it strange that this reverse takeover appears a done deal when Cannary Brands Ltd have 4 days to file their Annual Accounts for the year 2021.

All shareholders should do their own research and make their own mind up why this RTO has been agreed.

RKB

PS Anna does not agree with this, that is why she left immediately.

AGM & Annual Results

Our AGM is on Thursday this week.

I have already voted.

No decent this year as I believe Callum is implementing his vision of where we will be over the coming years.

As we have not had our Annual Results within the required regulatory timeframe to vote on some of our Resolutions (3 through to 7) that part of the AGM will be adjourned (probably till late October)

This year our AGM is in the UK.

There is still time to submit questions “If you wish to submit a question, it would be helpful if you would send your question via email by 3.00 p.m. BST on 27 September 2022 to corporate@chill.com. Members should ensure that any proxy they appoint is aware of any question they have posed to the Company.”

Now I see our old friend is still Posting (the one that vacillates) so to save them time:

Revenue 6 months to 30/09/20 £54,554
Revenue 12 months to 31/03/21 £320,875
Revenue 6 months to 30/09/21 £1,073,872
Revenue 12 months to 31/03/22 to be advised so we can Chill.

RKB

CBD Regulatory News

Voyager had an excellent article in CBD Regulatory News about our CBD Refillery range.

“Although it’s still early days the refillables have definitely opened up a new customer base. Both psychologically and factually, a sub-£10 purchase is more popular with those new to CBD as well as people who (not unreasonably) don’t want to spend too much on a new product.”

Mr Tulloch explains how it all began: “We’ve always tried to be environmentally friendly in what we do, so this was where the thought-process started, but it was actually a conversation with a retailer along the lines of—they would like to stock CBD but (in their shop anyway) they felt it wouldn’t succeed unless the RRP was less than £10.”

“That got us thinking about how to make a range within that price point but without compromising on quality or size. The idea was to create a CBD range that is accessible to all, especially in the current cost of living crisis. Keeping everything under £10 was a key criteria for us.”

“In addition, Voyager has its own manufacturing facility in Perth, so can control the process from start to finish. While refillable consumer products are increasingly common in the food and skincare sectors, as far as Mr Tulloch is aware, Voyager is the only CBD brand currently trading in this way.”

“With some 50 products across its Voyager and Ascend Skincare brands, Voyager claims to have one of the largest ranges of CBD products in the UK. Within its own shops, 270 SKUs are available for sale, including four third-party brands. The plan is to keep extending its own ranges, as Mr Tulloch outlines: “We are in the latter stages of finalising a further extension to our ‘environmentally friendly and packaging-lite’ range. It’s another everyday bathroom product with CBD, and will be priced in line with the refillables. As for Ascend, we launched two new products a few weeks ago, and our plan is to more or less double the range by the end of the year.”

For a Company that has only been listed for 15 months we have achieved many goals and our BoD and staff are determined to ensure that Voyager Life has a bright future.

RKB

https://cbdbusiness.news/voyagers-response-to-the-cost-of-living-and-climate-crises-brings-cbd-to-new-customers/

FG Repo

All this talk about if or when FG will buy back his shares indicates to me that you are not aware of why FG has this transaction in place.

If you understood the ForCrowd agreement and “their share buy-back set-up” then you may understand FG’s.

Our share-price was held back due to the arrangement with ForCrowd. When that was “sorted” then our share price greatly increased, and we had to placings at 0.6p then J Story at 1p then because of J Story warrants at 2p there was another substantial share price rise to about 4.4p. None of this would have been possible if ForCrowd had not been “sorted”.

You will recall I had a call(s) with FG about my concerns about the arrangement with ForCrowd and I was made an Insider.

For FG’s Repo read “ForCrowd” patience is what you need.

As for Holiday Eddie you can as a twitter poster called John Sweeney @johnsweeneyroar do what John says to Little Putin when he signs off on each of his short videos.

RKB

PS Holiday Eddie did you forget what you posted when you said you were going away? Don’t forget the penicillin.

Holiday Eddie

“Burned by RKB” what you should say is that you were greedy, and you held. If you were to be honest (you think you are, but you are not) you will know when I sold and why.

You are on holiday, and you sit there posting non-stop!

Your epitaph will be “..however you are , at times , rude , insulting, antagonistic , mildly aggressively provocative and deliberately ridiculing .... that’s what’s not liked .... nothing to do with any balanced counter arguments to positivity stated here!”

I will continue to put “Strong Buy” as it triggers him being ex-military.

RKB

PS Megson94, Holiday Eddie is here because he is suffering sunstroke and inebriated and was missing SuperSadIdiot his drinking buddy.

Good Morning Silverknight

Rupert is crystal clear in how he runs OUR COMPANY.

Fees for BoD are one of the lowest on AIM.

All our investments are listed on our website and are updated regularly.

RKB

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

King Eddie different time zone

It is refreshing to note that King Eddie is in a different time zone as we have been spared his drivel for a little while, unfortunately I think he will not be able to resist a retort.

For the record only half a bottle a few hours ago but maybe 1.5 bottles tonight.

https://www.youtube.com/watch?v=z2FNt5nFPY8

and to save them taxing their brains: (SSB, King Eddie and LtdAxis to name some of the ‘Usual Suspects’)

SSB: ““we have a team of monkeys working around the clock on this”

King Eddie: “people say I talk too much”

LtdAxis: “the only thing that scares me…. Is missing out on my 10%”

Any of the three named usual suspects will eventually twig that CLP2017 have lodged their 2021 accounts at Companies House, but whatever slant they want to put on it, the fact remains that CLP2017 will receive repayment of their Loan / Bond from the Venice High Court Case (imminently)

RKB

PS They (the usual suspects) will latch onto the Brainspark Associates Ltd Accounts recently filed at Companies House, but there is nothing to be concerned to see there. You will recall a few years ago I informed the Company of some accounting errors with some of their historic accounts, and they had to be reaudited and that cost them a few £. They know I scrutinise everything and I am looking forward to incoming news later this month.

Well, I have been reading some of your comments with interest.

Clearly with the macro-economic situation and an acute cost of living crises then people are finding times hard. With the disappearance of free money, a consequence of this will be investors having to liquidate positions. This clearly is happening in the small cap sector and Primorus is not immune to this either. What this is doing is creating a large disconnect between mcap's and NAV of companies.

It is up to individuals to decide which companies are better placed to deal with this downturn. I am a firm believer in the ability of investors to buy and sell and markets will find an equilibrium. If you have cash at the moment, then I believe history will be kind to investors as long as they pick the right stocks.

We have spent 2 years restructuring this company into what I believe now is one of the leanest investment companies on AIM. Our cash burn is relatively low, we haven't felt the need to raise any cash and in fact we are one of the few companies still investing- as in the Interpac deal announced this week.

Not all investments will be a success in the short term, but we possibly have a slightly longer time horizon than some investors. It’s as much about getting your timing of selling as buying.

Yes, it was us who sold GGP in the 20's and yes it was the old board who bought GGP. Nobody get every trade correct on timings but over a period and with a correct balance of investments then dividends will pay - and yes, we are one of the few AIM investment companies which is the board chooses and we feel it is the correct decision for PRIM shareholders we can pay dividends/share buybacks.

I notice talk about BBM - well we managed to independently negotiate a good deal to change our investment in MUST to a CLN in BBN. This has given us the ability to convert some at a profit and run the rest at a 10% interest rate. It’s about managing those investments which don't always work with those that are.

We strongly believe in the likes of FRESHO/PAYAPPS which are extremely well-run companies and we believe excellent value. The likes of CPH2 we believe are the future of the transitioning period and we have the firm belief that they will be very successful.

As always, I don't want to comment individually about your posts as everyone is entitled to their view, but clearly there are some very misinformed posters.

The line of communication is always open and please call or email -contact on our website. I’m generally quite friendly and welcome a discussion around our investments good or bad. It’s your company also so if you have a query get in contact rather than incorrectly speculating.

I wish you all well in these difficult times. I hope I have allayed some of your fears. Best Rupert

PS Now do you see why I am a LTH who has patience? RKB

NED Peter Fuhrman

I was pleased to see FG appoint a replacement NED yesterday.

I posted on 31st August “I have no concern that we will have a replacement NED(s) within the required timescale. I am looking for someone who has experience in R&D, Blockchain & AI and who has connections to companies that we will be associated with in the technologies that FG has been building.”

We have been informed that “Peter has extensive experience in high-technology, semiconductors, finance and investment industries.”

We also now know “Peter is chairman and chief executive of China First Capital which advises on and invests in the technology sector with expertise, inter alia, in China’s semiconductor industry, advanced manufacturing, robotics, precision automation, nano-positioning and photonics. He is also a strategic adviser on advanced technologies and market expansion to the board and chairman of one of China’s largest listed high-technology manufacturing companies and to one of Germany’s largest semiconductor technology companies.”

FG was unfairly attacked on our B.B.B over the past month and there have been many conversations behind the scenes that most of you are not aware of.

Like in a game of chess if you are perceived to have made an error then you are less likely to make this perceived error in the future.

When we appoint the second NED (you should have read my post of the 31st and noted “Let us assume that initially one NED is appointed”) then if someone is “hit by the bus” then we will not automatically be suspended in the future.

RKB

PS To the one who does not like his name mentioned, I will only post outside 7:30am – 4:30pm (for the foreseeable future) so that you will not be able to accuse me of “ramping” or whatever upsets you about my posting.

I am still positive, I am a LTH and will reap my rewards when the Market wakes up.

RKB

AGM

We had our AGM last Friday in Perth.

All Resolutions were passed with all votes cast in favour with none against.

I met all our Directors and for the first time I met Jill Overland and Nikki Cooper.

I had conversations with Nick & Eric before the AGM and with all four Directors during and after the AGM.

When you attend an AGM you can form a personal opinion of all present and I was impressed with our two NED’s. They bring experience and knowledge to our Company.

All our products were on display, and I have to say we have an impressive array of products. The packaging was excellent and eye-catching.

Before the AGM I was given a tour of our office accompanied with Nick’s PA Amy. I gleaned a lot of positive information about their vision and where we are heading, and I had sight of our stock room(s) and our lab.

I must be careful with what I say about what I observed, but I can say just as I arrived there were specialised floor-fitters delivering special floor coverings and the size was not your standard office floor-coverings and not for office-staff.

At present we have three revenue streams: Online, Shops & Trade Customers. Split 21% 55% 24% This will pivot as per Nick’s communications via RNS & Proactive Interviews to Trade & white label.

Two weeks after our year end, we had a Trading Update, and I am looking forward to next month when hopefully we will have an update on the past 6 months and details of our revenue from our three streams.

I look forward to comparing the revenue of Voyager Life with my other CBD Company (which is due to publish their Annual Results this month)

RKB

PS I articulated to all present at the AGM that by attending the AGM shareholders can remind the BoD that it is the shareholders who own the Company and that it is shareholders who can hold the BoD to account. If you do not attend AGM’s you forfeit the opportunity to let the BoD know what you expect of them.

Don’t know if you are on the birdy thing King Eddie but if you are wanting in you may want to watch for incoming news there.

I thought you had been decapitated as I had not seen any posts from about 3:30pn till recently.

You are in for the biggest shock of your life.

Keep looking at birdy as you are about to be *hat on and not before time.

RKB

Interesting TR1’s today

We have three TR1’s today.

JP Morgan appears from nowhere with 3.86% but I note they crossed a threshold on 25th August and notified us on 30th August and we let you know four days later!

Also, today we are informed that JP Morgan have increased from 3.86% to 4.06% and they increased on the 30th of August and informed the Company on 1st September, but we are only informed today three days later, why?

Watch what happens next.

RKB

PS Our larger shareholder Odey Asset Management increased to 11.92% on 30th August and informed our Company on 31st August but we are only updated today four days later!

Spamming B.B.

When I bought back-in just before we were suspended, I posted and unfortunately a few Trolls appeared.

I have found over the years there tends to be only one or two non-holders who are disgruntled when I have posted because they have lost out when I have banked some profits.

But when I look at other B.B. that are active with many posters “spamming” then it intrigues me that a non-holder would post on a share they do not own. Why don’t they spam LLOY or BP or PSN or RIO?

I believe that we (especially me) will attract many Trolls over the coming weeks and months and personally I think they are only here for one reason, they want in and to get in they must buy your shares.

I believe I only have one more Post left on my “Topics to Discuss” list:

Bit Coin / AI / RD

I don’t know if I should share it with you as it could affect the mental health of the Trolls.

RKB

PS I am on holiday for three days, we were taking granddaughter away as schools were supposed to be on strike in Scotland (that place where the poster who does not like his name mentioned lives) but Queen Nicola found a few £billion to “temporarily” resolve her local issues, hopefully King Eddie will take a break, it must irritate him that all my posting has been while our share has been suspended and his has been when not invested. So will he abdicate?

Previous CEO Mr AV

Previously to FG taking the CEO position in 2015 there was a Mr AV as CEO in 2009 & 2010, then Chairman in 2011, CEO 2012, CEO & Chairman 2013, 2014 and part of 2015.

MR AV has been associated with Brainspark and Clear Leisure for many years and first became a Director in 2006. Basically, Mr AV has been a Director from 2006 to 2015 with a short break in 2009.

MR AV has had a relationship with our Company for officially 10 years. He acquired a substantial shareholding over the years.

MR AV Shares at the end of each year, Rounded to nearest million:

2006, 2007 & 2008 51 Million 15.54%
2009 83 Million 13.99%
2010 5 Million 37.14% (share consolidation 250:1)
2011 5 Million 10.98%
2012 – 2015 28 million 15.61%

Mr AV “disappears” in 2016. No record of his shares but…….

I had been keeping a record of all daily shares transactions and there were no large transactions. I put numerous questions to BoD and eventually they issued an RNS on 30th November 2016: “The Company has been informed that Mr. Alfredo Villa has disposed of his entire shareholding of 28,279,039 shares in Clear Leisure.”

I never believed that Mr AV would just walk away. FG had begun the process of buying up our debt at about 80% discount and had secured funding from Eufingest to keep us going till some of our Legal Claims were resolved.

If MR AV had disposed of his shares to a family member or a NOMINEE COMPANY, then this family member could transfer to another NOMINEE COMPANY and stay under 3% threshold. Re-visit the Post “Authority to issue shares” look at how many shares you need to have to be under 3%

Nominee Companies have a purpose and if you are a wealthy individual in 2016 with 28 Million shares worth a fraction of what you had paid, what would you do?

RKB

Patents

QBT filed their first patent on 29th September 2021 only 4 months after the Team were assembled.

Applicant: Quantum Blockchain Technologies PLC
Title: Message scheduling for cryptographic hashing

Application Number GB2113962.1

FG has said this is the first of many patents QBT will be lodging at the Patent Office.

I have been monitoring the Patent Office for years when I do research and one Company that I came across was PQShield Ltd. It took them 3.5 years to file their first Patent (you will have to do your own research to find out what it was for) Note QBT took only 4 months and all with the Mr JS’s placing money.

PQShield Ltd have raised about £19.463 million over the past 4 years. They have a Venture Capitalist as a Director. They have shareholders, Oxford Science Enterprises as a major shareholder.

QBT with their current one Patent have YOU as a MAJOR SHAREHOLDER.

RKB

Eufingest & Bond Holders

We have two types of Bonds with similar names “Zero Rate Convertible Bonds” I will call them 2015 Bonds and 2020 Bonds

The 2015 Bonds were originally issued in 2013 and they have had lots of “Bond Holders” meetings over the years but all you need to know is that the face value of these 2015 Bonds is €4.8 million (as at December 2021 €5.1 million)

There was a 2015 Bond Holders meeting in April 2022, and it was agreed to amend the conversion from £0.15 to £0.05. What this means is that if the 2015 Bonds were to be converted then using just the €4.8 million face value, then the 2015 Bondholders would receive about 81 million shares and not 27 million shares if the conversion was at £0.15.

Eufingest have €3 million of the face value of the 2015 Bonds.

The 2020 Bonds were issued to Eufingest when they consolidated all their loans in November 2020.

Eufingest have the right to convert their 2020 Bonds at any time @ 1p.

Currently we have about €3.5 million of the 2020 Bonds, which if converted would result in Eufingest receiving about 297 million shares.

Eufingest have a charge over any monies received from the Venice High Court Case (Sipiem)

Will Eufingest take the money or the shares? DEBATE.

RKB

No

RKB

FG’s sale & repurchase agreement (the “REPO”)

Before someone went on their holiday to Italy in late August, there was some comments about FG’s share repurchase agreement.

FG entered a “sale & repurchase” agreement where he “sold” 5 million shares @3p and agreed to buy-back the shares 6 months later in June 2022 @ 3.185p. This would have cost him an extra £9,250.

We were informed the reason for the REPO was to pay a tax bill. The actual costs worked out at about 6.2%.

The REPO was amended with a new repurchase date of 30 September (only one month away!) and the cost will now be less as it works out at £5,625.

It is my opinion that it is good financial planning if you have a large financial commitment that you utilize any “tax breaks” available to you or “borrow” at the most favourable rate that you can negotiate.

I find it interesting that FG managed to “save” on paper a notional £3,625 (£9,250 - £5,625) and extend the REPO date.

I also find it interesting that the new date is FRIDAY 30th SEPTEMBER 2022.

RKB