Member Info for RKBeekeeper

Good Afternoon LtdAxis

From your earlier Post I do not believe you have studied the Accounts in great detail. I have only read them once and then made a few calls (one International) and as Steve888 has correctly stated FG will announce an increase in our NAV and some Profits, next week, when our Interim Results are announced. This is because FG (CL2017) has now received the first instalment of our settlement from the Mediapolis Receiver of €1,480,932 for “Our Land” which we had First Charge on. There is still a balance of about €182,067. (Note the funds were received before the 30th June so are included in the Interims)

Now I draw your attention to the final page of the accounts and the second last paragraph. “€9,667,000 has been reclassified from Investments to Trade and Other Receivables. Of the balance transferred, €8,956,000 has been impaired primarily relating to a balance within a subsidiary company which was considered to be not recoverable. Trade and Other Receivables has also been increased by €386,000 to correct a translation to the Company’s presentational currency. A further amount of €200,000 has been reclassified from Current Asset Investments to Trade and Other Receivables as stated in note 5 above.”

LtdAxis, I await your percentage calculation for this “€9,667,000”.

RKB

PS I look forward to the result of the “Furthermore, as per agreement with the receiver of Mediapolis, CL2017 has offered €50,000 to buy the action for liability against the previous management team of Mediapolis. Such an offer will only be accepted by the receiver and endorsed by a judge, if it will be the better offer at the conclusion of a public bid, by 31 October 2020. The creditor committee has already accepted, in principal, the terms proposed by Clear Leisure.”

Ltdknowledge

I could dissect your post but why should I?

Report my post because I have added “knowledge” like you normally do.

I will share my thoughts privately with honest Posters.

RKB

Good afternoon Hullcityade

For the record I am a LTH from the R Price days and fortunately I and my family are showing substantial profits. My daughter’s SIPP has recovered all her “paper losses” and my wife’s SIPP is at an all time high. My SIPP at present has still got a bit to go to its previous peak of two years ago but I am confident it will fully recover.

Some on our B.B. will be aware that I do extensive research and analyse the Accounts in minute detail but as stated previously, our accounts are not applicable now due to the divestment of the R Price assets.

I often click on links that are Posted and I did click on your link for Ox Distributing. Not overly impressed with their Website but I did email them and I am watching to see if they answer my question. As I also often say, information is key.

RKB

Good Morning RollinHand

The LSE South East site is poor (that is being kind) They say the volume yesterday was 6,327,403 but when you check all the trades on the main LSE website it is 8,249,239 and value of the 608 trades (not 535) was £3,148,768.

Information is key. You have to ask the question why is the information on our LSE South East B.B. incorrect?

RKB

Some Highlights: Continued

“At the year end the Group held approximately £349,000 at the bank. Moving forward, it is expected that the Group’s CBD business will begin to be cash positive in the short term, with strong revenues expected to follow in the near term as its Zoetic and Chill retail brands grow their market share.”

“Recovery in the coming year of loans made by the Group should generate additional cash of £1,190,500.”

“Significantly, the Group entered into new arrangements post year end for distribution of its Zoetic and Chill brand retail CBD products and it is expected that these will generate additional revenue in the near term. The Group’s CBD business has, to date, been cash absorbing but with further sales opportunities and stronger market penetration it is expected to become cash generative as the months go on. The Board continues to explore new opportunities for its CBD business, many of which are on an international level.”

“Inventories comprise finished products either grown and developed by the Group or bought in from third parties. All inventory items are stated at their cost of production or acquisition or at net realisable value if this is lower. There are no biological assets being grown as at the year end.”

Director’s Remuneration, Both Antonio Russo & Trevor Taylor receive a basic salary of $100,000 each so I think you may agree that our joint CEO are looking after LTH’s and not taking anything like Mr R Price.

RKB

Good Afternoon RollinHand.

Many years ago I used to receive hard copies of Annual Reports via the FT. I always had to phone them and I think I was limited to 8 (as that was the maximum they would post out at any one time, but I just requested almost every Report they had) That was how I managed to be reasonably successful with my investing and how I got into the nitty-gritty of the Accounts.

Now if you have read as many Annual Reports that I have then you will have noticed a correlation between a good Company and one that is not so good.

One thing to look out for is the number of photos. Take our most recent 2020 Annual Report. The front page you would expect to see something to do with our CBD products and there are three photos of our products. Then on page 5 there are 3 photos of products (and 2 award logos) and the only other photos are of our two directors on page 12.

Now compared with the 2019 Annual Report there are photos of 7 people (Directors & Key Personnel) also 10 main photos and a few also of products. I would estimate that the 2019 Annual Report would cost substantially more to print. Often when there are lots of photos it is to divert you from something and you could be less focused on the actual accounts.

I have posted previously I am not too bothered about the most recent accounts as we are a completely different company and it is next year’s Annual Results that will confirm to me the direction of travel (northwards)

If after you click on your own link and scroll down below the CBD bottles, on the left-hand corner you will find all the stuff for the AGM on the 30th September.

RKB

Some Highlights: Continued

Our Annual Results were published on Wednesday 30th September 2020 at 7am.

The closing spread the day before was 21.5p – 23p.

The closing spread on the day the Results were published was 25p -26p.
Ignoring today’s increase, you would have to ask the question, why is this share-price moving?

Then when you read the vision of our joint Chief Executive Directors and READ the Annual Results then not only will you may understand why our share-price increased last Wednesday but why it has continued to increase.

RKB

Some Highlights: Continued

“All of our products, both under the Zoetic and Chill names, are leading the way as CBD moves from a recreational novelty into the mainstream. As the popularity of traditional tobacco products is hampered by international regulation, it is our belief that CBD products offer the most viable alternative, whilst our Zoetic gummies, tinctures, oils and other products allow the health conscious public to access premium CBD goods. Given estimates that only 6% of the global market currently permits the development and sale of CBD products, there is huge potential for the growth of our sales figures and indeed the Zoetic and Chill brands as political trends point towards the ongoing deregulation of the cannabidiol industry.”

“The breadth of Zoetic’s CBD operations means shareholders can take heart that our revenues are somewhat guarded against changes within the market and we expect our seed and retail operations to escalate further throughout the current Financial year, both in terms of activity and revenues.”

“We have developed products that fit the market and have mass appeal. Furthermore, with the announcement of numerous International Distribution Agreements, along with a new cultivation Joint Venture in the UK, the Board is confident that the Group now benefits from veritable scalability and distribution channels on a multinational scale. Throughout the next Financial period we will continue to build on these elements, but also crucially will execute a full product launch with our products making it to market across multiple territories, many for the first time. In turn, we expect this to have a positive resultant impact on our sales revenues.”

RKB

Some Highlights:

I am a LTH and although I originally bought into the old HNR I am pleased, very pleased with the transition from an Oil Company to a CBD Company.

Often when a share is on the Leader’s Board there are a few who join our B.B. but have not really done any proper research so although some (probably most) of the “Highlights” have already been Posted, but I thought I would Post so that our 10% - 20% “investors” are aware of what ZOE is all about.

Company Name, Zoetic International Plc. Straight away you can see the metamorphous from the old HNR to “International” This was the first clue that we are going to be an International Company.

Only two Directors aged 37 & 39 and both shareholders with 3.32% each.

“Our debut Financial year in the cannabidiol (CBD) sector has seen the Group evolve from its roots in the natural resources sector and it has quickly established itself as a global leader concerned in the development, production and distribution of premium CBD products.”

“We have now entered the 2020/2021 Financial year as an altogether leaner operation with the technical expertise and international acclaim to bring our products to new markets across the globe.”

“Our exit from the natural resources industry has resulted in the transformation of the company into a nimble-footed yet formidable contender within the global CBD market. Free from the need to continually invest in the maintenance of aging oil and gas facilities, Zoetic has the structural flexibility to act quickly to secure both profits and future opportunities alike.”

“As the global CBD market continues to grow, it is Zoetic’s firm intention to establish itself as an industry leader. The groundwork for this vision has been laid throughout this Financial period and the subsequent months, leaving the Group in a prime position to continue on its journey as a visionary presence within its field.”

“The growing breadth of Zoetic’s global operations has been mirrored by the continual expansion of our product range. By extension, our numerous products now provide multiple streams of income – the diversity of which provides an essential safeguard against the regulatory uncertainty faced by companies in the CBD space.”

RKB

AGM

Our AGM is on Wednesday 28th October at 3pm in Colorado USA.

There are 10 Resolutions and as it is a closed meeting you can only vote by Proxy. I like to attend AGM’s but on this occasion I will not be able to (hopefully next year I will and that it will be in the UK)

I will appoint the Chairman of the Meeting as my Proxy.

Before I cast my proxy-votes, I like to re-read the Annual Report & Companies House and triple check all the information.

RKB

Good Morning Saleintosunset

Yes this is an excellent increase in Assets under Management. To increase the Assets by about 34.49% within the past 6 months when we have Covid-19 is amazing.

What I really like is the “Market Movement” (increase of) £3,588 Million.

I estimate an Interim Dividend of 10p and a Final of 30p say 40p for the year and all this on a share currently only £5.16. I expect we are heading towards £6 shortly.

RKB

Good Morning Comprimario

I do extensive research on all the Companies I am invested in and also like to monitor various People whom I like.

As you have correctly stated Nick Tulloch only started Gasrock Ltd in July 2020. Interestingly they are still based in Perth so not too far for me to pop in a have a chat with Nick when the time is appropriate.

I received an alert from Companies House this morning with an update on share allocation for Gasrock Ltd so things are obviously starting to move there.

I was one of the first to follow Gasrock Ltd on Twitter and today they followed me back so it is possible we may see this new Company of Nick’s being listed on an Exchange. I would not be interested in investing if they were to list on AIM due to the shenanigans that Brokers (allegedly) get up to.

Fortunately for us in ZOE we are listed on LSE Main Market and I believe we will soon have Our Company lay-out all their cards at the AGM and then we will have confirmation of what we believe we know and “The Market” will then truly react to our Products & Direction of Travel (i.e. World-Wide)

RKB

I note from PATH that Nick is about to join them.

RKB

Alba Shares

Pokerchump, you could have done some of your own research and maybe found the answer to your own question but for your information:

Annual Results for 31/12/18 Section 7 Investment in Associate: there is a note regarding the 83,333,333 shares in Alba which says on 1/12/17 (not the year end of the previous Annual Accounts) that at the price of 0.38p “these shares had a market value of approximately £316,667” it then goes on to say that “These shares are subject to a six month orderly market agreement and were issued immediately upon completion of the sale” (that was after the agreement to sell our stake in Gold Mines of Wales Ltd to Alba)

Then if you actually read the accounts (just below the note) it says “Disposal of Associate” and the Sale Proceeds were £316,000. So what I think the accounts are saying is that we disposed of the shares at the price indicated as at 1/12/17 but this is not strictly true because...

Because from RNS 2/03/18 there was a TR1 issued to say we had dropped to 2.99% and this resulted in us still having at that date 69,833,333 shares so we must have sold 13,500,000 on the 1st March 2018. Now you can go and try and estimate the Alba selling price from 1st March 2018 and then with a bit of arithmetic you could estimate how much we sold the other 69,833,333 shares for during 2018.

RKB

PS Pokerchump, why not have a look at RNS 8/02/19 the bit about AC and where he based his Thesis? “Shareholders may not be aware I researched my thesis on intrusive-related gold deposits in these relatively obscure regions of WA and the Northern Territory and studied the nearby Telfer Mine geology and geochemistry. I am of the belief that Haiveron may prove to be one of the most significant gold discoveries globally in recent times and I am pleased that we have been able to build a meaningful stake.” Maybe now you will realise why PRIM got involved in Greatland Gold.

PPS Have you ever emailed our BoD? I did yesterday and had several emails from AC from 1:30pm till 11pm & again at 7:30am this morning, I think you will find Alastair is very approachable.

Greatland Gold & Zuuse

Credit has to be given to our current BoD for the divestment of some of our Greatland Gold Shares and the re-investment in Zuuse.

We were top-heavy with Greatland Gold and it had a recent free-carry of about £4 million (£4,030,000) on the 1st of September (if we had all our 26 million shares then) But we obviously did not have all the GGP shares on the 1st of September as we have been informed that the average price achieved was 14.8p. The closing Bid price on the 1st was 15.5p and to achieve an average of 14.8p we would have had to sell some in August to achieve “a blended average” of 14.8p (did you like that AMTHEKKEL?)

Therefore for comparisons as to whether our BoD achieved a fair price should be looked at from an asset point of view as about the 1st September. Yesterday Greatland Gold’s Bid closed at 19.8p and our 20 million free-carry are worth £3,960,000 but we have received in cash about £888,000. So when you compare what we had in Greatland Gold as at 1st September and yesterday we have £4,030,000 versus £4,848,000 (£3,960,000 + £888,000)

This really is an increase (on paper) of £818,000 as at the 1st of September. Or put it another way if our BoD had not sold 6 million Greatland Gold shares then at the close yesterday they would have been worth about £5,148,000 (26m * 19.8p) and we would on paper be down £300,000. Who on this B.B. always calls the top of any of the shares that they are invested in? Who has a free-ride with over £4 million shares? Have to commend the BoD for their acumen.

RKB

PS Zusse is a brilliant investment and with our further purchase of shares and our cheap warrants I think we are on to another winner with this one.

Suspension Finally

Normally I do not like being in a suspended share and I have taken proactive steps to avoid having my money in a suspended share but on this occasion I am really pleased that Francesco Gardin has suspended us.

I have monitored our Trades and the Bid & Ask for the past 9 months and I think most LTH will be aware that the spread between the Bid & Ask has deterred most T20 Traders and only the brave (LtdAxis for sure and he has called it correctly on many occasions) are prepared to buy.

Over 205 Business Days the spread has averaged 16.12% and has hit a high of 28% and on 61 Business Days it was 20% or more. So on an average day there is a 30% chance that the spread will be 20% or more and it you were trading this share then not only do you have to recover your potential loss of 16.12% (average) when you buy but you need to try and make a profit and from the Data only LtdAxis is able to achieve this consistently.

My thoughts: FG knows how the Sipien High Court of Venice will pan out and he will decided how much to settle for to ensure Eufingest receive their Bonds repaid in full and their Loans. Will FG reward loyal LTH? I think he will and the only way I can currently foresee this is to issue news while under suspension and do a few things to capitalise on our historic tax losses.

Obviously you should do your own research and the above is just my thoughts.

RKB

Fresho

Our BoD are still working on our behalf.

AC / Primorus tweeted about 2 hours ago a link to a video about Fresho. It is only 72 seconds long.

We own 1,415,723 shares in Fresho.

RKB

https://vimeo.com/461293709

AGM

Our AGM will be held on Wednesday the 14th October 2020.

If you are voting then you will need to take some Corporate Action and appoint the Current Chairman as your Proxy.
Normally I would like to attend the AGM but due to Covid-19 restrictions this is not possible and I will have to attend via the webcast link.

If you want to have sight of the Resolutions then you need to visit our website, click on the “About” Icon just below the “Home” Icon on the top-left hand corner and then click on the “Corporate Documents” Icon.

From experience I have seen almost negligible shareholder participation in voting at AGM’s. If only the TR1’s vote along with a few minor shareholders then you can’t really change anything or you will not be part of possible bigger changes, which you can have input into. You may want your voice heard and this is an opportunity for it to be herd and actual have an effect.

RKB

https://www.primorusinvestments.com/about/corporate-documents/

Corporate Governance

Looking at our Primorus Investment Website (last updated 20th July 2020) under Principe Nine: Non-Executive Directors, it states:

“Due to the small size of the Company, it is deemed not necessary to appoint further non-executive directors until the Company’s market capitalisation is over £10m.

In accordance with the Companies Act 2006, the Board complies with: a duty to act within their powers; a duty to promote the success of the Company; a duty to exercise independent judgement; a duty to exercise reasonable care, skill and diligence; a duty to avoid conflicts of interest; a duty not to accept benefits from third parties and a duty to declare any interest in a proposed transaction or arrangement. There is (sic:are) no plans at this stage to increase the governance framework until the company achieves minimum £10m market capitalisation.”

So the question I pose is when (not if) our mid price is about 7.16p will we have three Non-Executive Directors?

RKB

Benjamin Franklin

Benjamin Franklin once said that “if you want something done, ask a busy person” There is truth in that statement because the busier AP is the better it will be for all of us.

You only need to read today’s financial press, all about negative interest rates, landlords worried about not collecting rent, furlough coming to an end and possibly Covid-19 further lockdowns and the list goes on.

If you had taken time to read all of AP’s Posts it is all there and it is time to wake up and smell the INVESTMENTS.

RKB