Member Info for RKBeekeeper

WeShop News

On the Tab “Prim Share News” there is an article from Alliance News about “WeShop with IPO in sight”

They aim to list on the Nasdaq tech-heavy index in New York within 12 months, as it looks to take on the might of retail titans like Amazon.com Inc.

I have re-posted below a post on WeShop from last month.

RKB

Antiques Road Show: WeShop unearthed

Once in a while there appears a hidden gem that is worth millions.

https://www.dailymail.co.uk/news/article-1329308/53m-Chinese-vase-kept-wobbly-bookcase-insured-just-800.html

Legacy Assets:

WeShop: We invested £861,510 for 150,199 shares @ an average of £5.74

There was a lot of activity around WeShop last year and for this Investment I would recommend that you do additional research to satisfy yourself that I have a conservative vale for this Investment.

We had an RNS in November 2021 and at that point we had 3.1% of WeShop shares. Then a company called Boanerges (a SPAC company) acquired the business, assets, and name of WeShop Limited for 33,333,333 shares in Boanerges.

Because of Boanerges “doing an RTO” of WeShop there was further dilution of our shareholding to about 1.21%

It is my understanding that they used a SPAC to ensure a listing, but it appears even Boanerges are not a fan of the Aquis Exchange and they moved to a matched bargain basis with JP Jenkins.

On Companies House WeShop Company number 08223448 changed their name to Community Social Investment Ltd

https://find-and-update.company-information.service.gov.uk/company/08223448

You may find the RNS information on this link helpful to understand this SPAC Company Boanerges Ltd and what they are aiming to achieve.

https://www.investegate.co.uk/Index.aspx?searchtype=3&words=BNRG

You may want to read the RNS dated 20th October 2021 where it clearly states that they issued WeShop with 33,333,333 shares at a price of £0.75p which valued the assets they acquired at £25 million.

As Primorus Investments currently have 1.21% of WeShop. I calculate that they valued our shares in WeShop at about £302,500. But when I look at the JP Jenkins website https://jpjenkins.com/company/boanerges-limited/

Under Boanerges Ltd their shares appear to be listed under WeShop Holdings Ltd. But this does not make sense as the last price the “WeShop Holdings shares changed hands was at £350 on 28/04/22 and in January 2022 they changed hands at £325. It would be good if Boanerges shares were changing hands at £350 as our 33,333,333 would be worth £11,666,666,550 so something does not compute.

I think I will pencil in WeShop shares at the price Boanerges gave us the 33,333,333 which is £302,500 but I believe in about 10 months (after the 18-month lock-in period expires) our Investment in WeShop will be worth multiples of £302,500. (or even a Ming Vase)

RKB

Warrants

Primorus Investments Plc also have 1.8 million warrants in Alteration Earth @ a strike price of £0.003p and would cost £5,400.

At the £0.40p price they would be worth about £720,000.

So, for £355,400 we could have shares valued at £2,720,000 which is more than half Prim’s Market Capt.

RKB

Warrants

Primorus Investments Plc also have 1.8 million warrants at a strike price of £0.003p and would cost £5,400.

At the £0.40p price they would be worth about £720,000.

So, for £355,400 we could have shares valued at £2,720,000 which is more than half Prim’s Market Capt.

RKB

Good morning Testing321

I just posted on the Alteration Earth B.B.

Our 5 million shares in ALTE that cost us £350,000 are now worth about £2 million (see their B.B.)

Our current Market Capt £5 million!

Our assets were already more than £10 million with no debt and we now have a substantial stake in a SPAC.

RKB

Alteration Earth

Today Alteration Earth listed on the Main Market.

Alteration Earth PLC, a UK company established as a special purpose acquisition company to seek and acquire businesses in the clean technology and/or clean energy sector, is pleased to announce that its ordinary shares of £0.003 each (the "Ordinary Shares") have been admitted to the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). The Company completed a successful seed and subscription funding round raising gross proceeds of £1,260,000 before expenses (the "Subscription"). On Admission, the Subscription became unconditional in all respects.

We invested £350,000 in October 2021. There was a Seed Round Investment for 2.5 million shares @ £0.04p and a Subscription Round Investment for 2.5 million shares @ £0.10p. We also have 1.8 million Warrants @ £0.001p

There was an initial Buy this morning @ £0.45p.

Primorus Investments Plc 5 million shares @ say £0.40p are worth £2 million, our current Market Capt is £5 million, and this one investment is worth about 40% of our Market Capt!

RKB

PS we already have more than £10 million assets before ALTE listed.

Launch of refillable CBD range

Yesterday Voyager Life Plc announced to the Market that we now have a refillable CBD range of 8 products, which all retail at under £10.

The initial 8 products are 2 shampoos, 2 conditioners & 4 hand and body washes, which can be purchased at one of our 3 Scottish Stores in Edinburgh, Dundee & St Andrews.

Nick Tulloch CEO said, “In time Voyager will add the CBD “Refillery” to our online offering enabling customers throughout the UK to benefit from this innovative, and cost effective, way of buying CBD products.”

In the Proactive Investors link below from Trojan, Nick explains how the “Refillery” works. After an initial purchase of a brushed aluminium bottle customers can then either go into one of our stores or (from next week) order flat-pack pouches online. This ensures that Voyager is eco-friendly.

Earlier this week, the Deputy First Minister of Scotland John Swinney was in our Perth office to celebrate the launch of the “Refillery”

I do not normally comment on “Politics” as I believe everyone should be allowed to have & express their own opinion but because the current government in Scotland are in a power sharing agreement (not a coalition) with the Greens, I believe having the Deputy First Minister being aware of what Voyager Life Plc are doing will hopefully enable the Scottish Government to look at the CBD industry with an open mind realise that CBD will eventually become mainstream.

RKB

PS I see on the https://chng.it/kfzb94DFKS we are at 817 so we are up about 550 signatures in the past week.

True Value of our Website

I believe the Market has not realised the true value of our website www.Chill.com

I have had numerous conversations with our CEO Callum Sommerton over the past six months and he has articulated to me the importance of owning our unique website domain name.

Callum has a vision of what we can become and has alluded to this in his communications to shareholders via RNS’s and Proactive Interviews.

https://www.proactiveinvestors.co.uk/LON:CHLL/Chill-Brands-Group-PLC

We now do not have any further payments to pay to the vendor who sold us our Chill.com website and if you take a step back and think about what will eventually happen when our customers begin looking at our website and purchase our products, I believe we are at an inflection point for increasing our sales.

This morning a subscription wine company announced their annual results. I had a look and noted what they spent over the years on “acquiring” customers (sales) £23.5 million, £50 million & £41.3 million.

For their £23.5 million they expected to have a return of about 2.6 times over 5 years and in the past 3 years this came in at 1.6 times (so on target) but it cost them £23.5 million.

For their £50 million they expected to have a return of about 3 times over 5 years and in the past 2 years this came in at 1.2 times (again on target) but they are spending £50 million to get sales a little more than that over the past two years.

For their current £41.3 million they expect to have a return of about 1.5 times over 5 years and are on target (just)

I know we are not a subscription wine company, and I am aware that we do offer discounts through various promotions, but we will not have to spend £10’s of millions to achieve substantial sales.

I am not concerned that when we have sight of our Annual Results in a few months’ time, I am looking forward to the coming years when our company will have a higher profile and higher sales.

RKB

Launch of CBD Petition

Yesterday, Cellular Goods Plc (CBX) launched a Change.Org petition to “lift restrictions on advertising & marketing of CBD online”

“Cellular Goods has launched the petition in partnership with seven leading companies, who together comprise 'The CBG and CBD Brands Coalition' ("the Coalition"). The companies in the Coalition are Chanelle McCoy Health, Apothem Labs, Clearly Brands, Voyager Life, Kloris, Daye and CiiTech.”

If you are a shareholder in Chill Brands Group Plc, you may want to have a look at this petition.

https://chng.it/kfzb94DFKS

RKB

PS I know the green lines will not go away and they will no doubt go into overdrive and expend time & energy to make the above post irrelevant. Because of the little green lines, I have managed to reduce my average from 27.7p to just 9.8p and that was before the Open Offer where I managed to pick-up more than my entitlement.

Launch of CBD Petition

Yesterday, Cellular Goods Plc (CBX) launched a Change.Org petition to “lift restrictions on advertising & marketing of CBD online.

“Cellular Goods has launched the petition in partnership with seven leading companies, who together comprise 'The CBG and CBD Brands Coalition' ("the Coalition"). The companies in the Coalition are Chanelle McCoy Health, Apothem Labs, Clearly Brands, Voyager Life, Kloris, Daye and CiiTech.”

If you are a shareholder in Voyager Life, you may want to have a look at this petition.

RKB

https://chng.it/kfzb94DFKS

TruSpine

I believe Bulletin Boards are for sharing information.

On Saturday I posted something about TruSpine on another B.B.

Legacy Assets:

TruSpine: We invested £550,000 for 1,805,554 shares @ an average of about £0.30p

Our previous BoD had high expectations for TruSpine and they listed on the Aquis Exchange.

I am not a big fan of Aquis Exchange, or of one of TrueSpine’s Broker-Financial Advisor.

The Broker was recently active with their Modus Operandi and there was a placing @ £0.05p with the obligatory Warrants @ £0.075p

After the recent placing and before the Warrants are exercised, we have about 1.53% of TruSpine. When TruSpine listed on Aquis in August 2020 we had about 2.06% In a few years we will have 0.000001% if the Broker-Financial Advisor continues with their Modus Operandi.

I had high expectations for TruSpine, maybe our new BoD believe this investment will eventually deliver, but if I held the shares, I would take the hit now before we are diluted to 0.000001%

If we have not sold any of the 1,805,554 shares, then at yesterday’s Bid Price of £0.04p this Investment will be worth about £72,222

RKB

https://investors.truspine.org/

AGM 30th June 2022

We are due our AGM later this month.

There are six Ordinary Resolutions and two Special Resolutions.

I am voting for all Resolutions.

The Special Resolution that I particularly like is Resolution 8

“To authorise the Directors to make market purchases of the Company's shares.”

If you have read our recent Annual Results and form the same opinion as myself that our share-price does not reflect our Assets (Investments) then in my opinion purchasing our shares in the Market will begin the process of closing the gap between what we are at present (circa 3.3p – 3.6p) and what we should be (circa 7p+)

Remember we have no debt and a BoD who are changing the perception of what an AIM Company can achieve.

RKB

£10 Million Assets

Fresho £1,759,274
Payapps £1,754,071
Engage £2,032,228
BMN & Loan Note £1,369,205
Alteration Earth £528,200
SOA Energy £99,897
Clean Power Hydrogen £933,333
Rambler Metals & Mining £433,477
Nomad Energy £300,000
Sport80: £100,000
TruSpine £72,222
WeShop £302,500
Stream TV £238,000
Supernatural Foods £49,898
Mevie £50,000
Rogue Baron £12,470

Total excluding cash-in-hand £10,034,775

RKB

PS No Debt

£10 Million Assets

From our Annual Report published yesterday our BoD had our NAV as at 31st December 2021 was £8,990,000 (including cash)

I have over the past two days calculated (in my opinion) a conservative NAV (excluding cash) of £10,034,775

Current Market-Capt @£0.031p is about £4,334,760

So, I calculate that our investments are worth about 231.5% of our Market-Capt.

Note:
We have no debt
We have no Warrants
There are only 139,830,968 shares in issue.
Our Bod hold 31,071,759 or 22.22% of our shares.

I believe one day (soon hopefully) the “Market” will realize that we have some interesting Assets that will increase our share-price to substantially more than the current £0.031p

If we were to trade at say a 25% discount to my calculation of our Assets then our Share-Price would be about £0.054p (£7,526,081 / 139,803,968 shares)

My calculation of £10 million does not in my opinion take any account of the potential of
Fresho
Payapps
Engage
BMN
Alteration Earth
Clean Power Hydrogen
Rambler Metals & Mining
Or even WeShop

RKB

Legacy Assets: Rogue Baron we purchased 831,358 shares I believe on or about 10th March 2021 @ £0.07p

https://find-and-update.company-information.service.gov.uk/company/11726624/filing-history?page=1

Two days later Rogue Baron lists on the Aquis Exchange.

On the 8th of November 2021 the Broker that I can’t name did a placing (called a “Premium Placing”) @ £0.07p and maintaining their Modus Operandi, they had the customary warrants @ £0.07p and for 5 years (shows you how confident they are the share-price will increase in 5 years)

At yesterday’s Bid Price of £0.015p this Investment will be worth about £12,470.

RKB

PS If you have been paying attention, then you will know I am no fan of Aquis Exchange or a particular Broker.

Legacy Assets: Mevie Ltd we purchased 223,790 shares I believe between September & November 2019@ £0.31p I do not believe our previous BoD informed us of this purchase.

https://find-and-update.company-information.service.gov.uk/company/07780380/filing-history

We are still on the shareholder register on 23rd September 2021 (shareholder 11) with 223,790 shares.

On our Company Website it states we have 161,290 shares so I assume that our current BoD have sold some shares over the past 9 months.

This investment is worth £50,000

RKB

Legacy Assets: Supernatural Foods we purchased 285 shares at £175.08p on or about 8th August 2020. (See Companies House document filed on 3rd September 2020)

https://find-and-update.company-information.service.gov.uk/company/10441682/filing-history?page=1

I do not believe our previous BoD informed shareholders of this Investment.

This investment is worth £49,898

RKB

Legacy Assets: Stream TV we first invest $200,000 for 50,000 @$4 in 2017. On our website

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

You will see we also have 83,333 shares at no cost (do not know why, cant find my own notes on laptop from this legacy investment.

We also have a Loan note of $7,050 and a further 11,750 shares at no cost. In total we have 145,083 shares and using the only figure available of $4 these are worth $580,332 with the Loan Note of $7,050 that = $587,382 which converts to £475,779 and because I am not a fan of Stream TV I will only value this Asset at 50% or £238,000.

RKB

Legacy Assets:

WeShop: We invested £861,510 for 150,199 shares @ an average of £5.74

There was a lot of activity around WeShop last year and for this Investment I would recommend that you do additional research to satisfy yourself that I have a conservative vale for this Investment.

We had an RNS in November 2021 and at that point we had 3.1% of WeShop shares. Then a company called Boanerges (a SPAC company) acquired the business, assets and name of WeShop Limited for 33,333,333 shares in Boanerges.

Because of Boanerges “doing an RTO” (in my opinion) of WeShop there was further dilution of our shareholding to about 1.21%

It is my understanding that they used a SPAC to ensure a listing, but it appears even Boanerges are not a fan of the Aquis Exchange and they moved to a matched bargain basis with JP Jenkins.

On Companies House WeShop Company number 08223448 changed their name to Community Social Investment Ltd

https://find-and-update.company-information.service.gov.uk/company/08223448

You may find the RNS information on this link helpful to understand this SPAC Company Boanerges Ltd and what they are aiming to achieve.

https://www.investegate.co.uk/Index.aspx?searchtype=3&words=BNRG

You may want to read the RNS dated 20th October 2021 where it clearly states that they issued WeShop with 33,333,333 shares at a price of £0.75p which valued the assets they acquired at £25 million.

As Primorus Investments currently have 1.21% of WeShop I calculate that they valued our shares in WeShop at about £302,500. But when I look at the JP Jenkins website https://jpjenkins.com/company/boanerges-limited/

Under Boanerges Ltd their shares appear to be listed under WeShop Holdings Ltd. But this does not make sense as the last price the “WeShop Holdings shares changed hands was at £350 on 28/04/22 and in January 2022 they changed hands at £325. It would be good if Boanerges shares were changing hands at £350 as our 33,333,333 would be worth £11,666,666,550 so something does not compute.

I think I will pencil in WeShop shares at the price Boanerges gave us the 33,333,333 which is £302,500 but I believe in about 11 months (after the 18 month lock-in period expires) our Investment in WeShop will be worth multiples of £302,500.

RKB

Legacy Assets:

TruSpine: We invested £550,000 for 1,805,554 shares @ an average of about £0.30p

Our previous BoD had high expectations for TruSpine and they listed on the Aquis Exchange.

I am not a big fan of Aquis Exchange, or of one of TrueSpine’s Broker-Financial Advisor.

The Broker was recently active with their Modus Operandi and there was a placing @ £0.05p with the obligatory Warrants @ £0.075p

After the recent placing and before the Warrants are exercised, we have about 1.53% of TruSpine. When TruSpine listed on Aquis in August 2020 we had about 2.06% In a few years we will have 0.000001% if the Broker-Financial Advisor continues with their Modus Operandi.

I had high expectations for TruSpine, maybe our new BoD believe this investment will eventually deliver, but if I held the shares, I would take the hit now before we are diluted to 0.000001%

If we have not sold any of the 1,805,554 shares, then at yesterday’s Bid Price of £0.04p this Investment will be worth about £72,222

RKB

https://investors.truspine.org/