Member Info for RKBeekeeper

Forgot the PS

On main LSE website there are three “missing” trades AND ONE IS 250,000.

RKB

I think you are correct Pokerchum.

We do not have that many trades on LSE and even fewer on the Aquis Exchange (3 on Aquis at time of Posting)

What I find interesting is that with so few trades from yesterday and today that there have been 12 delayed publication of trades. On LSE South East they are indicating from 8am yesterday to 12:05pm today 34 trades. That works out at over 35% of all Trades on LSE South East are being reported late.

This fills in another part of the jigsaw.

RKB

Good Morning Biglad6

I do not believe I have every Posted on this B.B. but I began accumulating TSI in Feb 2019 and as at the close yesterday I was up 21.52%.

Posters who know me will be aware that I do extensive research on all my investments and I have never shared any of my research on TSI with anyone.

I have had a busy two weeks dealing with a Boardroom Takeover and this morning I was having lie-in because I had read all the RNS’s that I had wanted to when up popped the first RNS regarding suspension. I had to get up and while getting shaved I had already compiled a Post in my head on WeShop when by the time I had my laptop switched on I seen the second RNS about the RTO of Brandshield.

You will not find Brandshield Listed at Companies House and if you are up to speed with the way the world is going you will be aware of the invaluable service that Brandshield provides.

As alluded to within the RNS if we convert the loan then we would have about 20% so for an RTO we would need to acquire the other 80% and the question would be, How do we fund this substantial purchase?

Will this potential RTO result in an awakening of Brandshield’s true worth and possibly starts a bidding war?

I am remaining a LTH because there are other assets that we own which I believe are grossly undervalued.

RKB

Hello Snowdrops

If you go on to the main LSE website and the RNS news section and look at an RNS timed today at 7:30:03 with the heading “Aquis Stock Exchange - Aquis Stock Exchange: AQSE Disciplinary Notice (Market Message)

Click on the RNS and it takes you to the RNS and scroll down and you will see a link to a PDF file which is 9 pages long and then you have information which you can then process. You can see a Director (or two) you can see clear time lines and you can see that some insiders were “missing” from a list supplied. Then you have to work out who may have did what, where, when and to whom “allegedly”

RKB

PS I have a busy day so offline for rest of day.

Good Afternoon PatG

I tend not to re-invest in a Company after I have exited. My daughter’s shares were over-looked when I sold out. I am not up to speed with your current investments but the biggest red flag for me unfortunately is your Broker and if you had taken the time to read the PDF file on the Aquis Exchange Company and then did your own research then you would not know 100% why I would not personally invest in Vela.

I still wish LTH well.

RKB

PS If you had carried out some research on my posting history you would have noticed the Broker at BOU and again tie that in to your Vela and the Aquis Company and you would have a crystal clear picture of my thoughts.

Good Corporate Governance

I used to be a VELA holder a few years ago and personally I did very well at the time of the BTL Blockchain investment. For the record I am no longer a holder but my daughter is.

I was reading an RNS on a share listed on the Aquis Exchange (the old NEX) and this was about a Company being sanctioned.

I went to a Vela AGM when our two directors were present, one was not very pleasant to me and the other only gave me only 10 mins to “discuss” our Company and our investments (totally inadequate in my opinion) It was after this AGM that I was determined to take my initial stake off the table as quickly as possible and it was for myself fortuitous that the share-price continued to rise and I had a fantastic free-ride.

I believe if you were check at Companies House there are some documents outstanding.

If you do proper research and attend AGM’s & GM you will maybe have a better understanding of your investment.
I wish all LTH in Vela well and hope that with new management you will be rewarded handsomely.

RKB

Aquis Stock Exchange: AQSE Disciplinary Notice (Market Message)

you then need to click on the link to the pdf file.

Decision Time

I have had extensive conversations over the past two weeks about our Company Primorus Investments PLC and I believe all PI’s have to decide now what to do before it is a foregone conclusion.

I spoke with Rupert Labrum on Monday and we had what I would call an interesting conversation and I believe he is the only person who will be able to execute change and increase our NAV.

I spoke to an old friend this morning and he also agrees.

I have already spoken to a number of friends this morning and when you “think out loud” you often have a light-bulb moment (I had my lights switched on about a year ago)

First you look at GGP share-price and most of last year it is about 2p (remember we paid on average about 1.7p) Then you look at our TR1 holdings and you see Rupert Labrum’s going from 3.04% in September 2019 to currently 17.6% and then you have to ask yourself did Rupert substantially increase because of GGP or was it because he had seen something grossly undervalued within our unlisted investments? (We all know he seen excessive BoD salaries)

I Have made my decision and I fully support the Resolutions as they currently are indicated to remove the current Board and replace with the three proposed Directors.

RKB

Good Evening Oilgasgold

I know Dundee well, used to take daughter to her solicitor’s office almost opposite the train station with a nice view of the Captain Scott’s ship, The Discovery (maybe we will discover that PRIM is undervalued and it will soon re-rate)

Also know Bearsden well & Milingavie and some nice coffee shops are there which we could possibly meat when you are permitted by Nicola to meet.

I am not hard to find on Twitter as I do not hide as I have nothing to hide so if you are able to follow me then I will follow you back and then we can DM.

Enjoy your evening.

RKB

Good afternoon Abugfreemind

I value the current assets including cash at £10,316,705 when using the current bid of GGP of 19.9P. (See previous Post @ 7/09/20 6:27am where I had it at £9.22 million because GGP was only 15.7p)

For the purpose of this Post and this Post only let us assume that none of the protagonists from the “three” sides (there are allegedly 3, being BoD, The Largest Shareholder & AP & Co.) know the true worth of any of our unlisted investments and have no inside knowledge of their potential worth (with or without their contacts or their expertise)

So we the shareholders “own” shares in PRIM which own all the assets. We (they whoever “they” will be) could sell all or some of GGP and pay a dividend to ALL SHAREHOLDERS. Or they could sell a batch of GGP shares and “invest” in unlisted assets.

Now as for our TruSpine investment where we hold 1,666,667 on a listed (almost illiquid) Aquis Exchange, “they” could pay us a Dividend in Specie. This could be in the same % of your current PRIM holding so for example, RL with 17.6% would receive 17.6% of TSP or 293,392 shares at 35p worth £102,687. Then AP with his current TR1 of 3% would receive 3% of TSP or 50,000 shares worth £17,500 and our ED Mr AC with his 3.4% would receive 3.4% of TSP or 56,667 shares worth £19,833. So basically all TruSpine shares would be transferred to us. Then the market in TSP would not be illiquid and we could chose individually if we want to remain a LTH in TruSpine or exit but we the TRUE OWNERS of PRIM would be able to decide.

We also have unlisted shares in Engage worth £1.45 million and shares in WeShop worth £875,000 which could also be divested as a Dividend in Specie and this would “guarantee” that our assets would go to their rightful owners.

RKB

PS Now if they were to do a Dividend in Specie with GGP shares then RP would get 17.6% of £5.174 million or £910,805, AP would get £155,220 & AC would collect £175,916.

PPS You need to be careful who gets into Pole Position as all is not what it seems.

Part 2

Quote “These failings are on top of the registered office oversight that I recently noticed. My nominee served on the previous office address in Jermyn Street given that this was on the record at Companies House notwithstanding the RNS on 28 July purporting to change the address to that of the company’s lawyers. It seems no one saw fit to undertake the important, and legally required, task of updating the records at Companies House. It seems that my nominee serving the requisition woke someone up at the company to follow up at Companies House.

Who is responsible for the corporate administration matters of the company? I would have hoped it would be the company secretary, who we pay quite handsomely, or our lawyers. Either way, who is responsible for these failings? These are not simply administrative oversights, they are breaches of company law. Perhaps you can clarify for me whether there is any risk to shareholders due to these failings.

Given my position as the largest shareholder of the company I believe I’m entitled to answers. Regardless of percentages, I believe all shareholders are entitled to answers! These glaring failings highlight our company’s lack of robust corporate governance protocols or, worse yet, the board’s complete disregard for them.” End Quote

RKB

Good Morning Testing321

Part 1

I have known about certain “overlaps” due to my research over the years into PRIM and their investments but as I have “local difficulties” with Peterhouse I did not share my concerns with the BoD because (well I have my reasons)

The following are all extracts from the email I received this morning.

Quote “When does the Board intend to convene this year’s AGM? As you are no doubt aware, whilst the usual time limit is six months from year-end an automatic extension to 30 September was provided under the Corporate Insolvency and Governance Act 2020. However, I believe I’m correct in saying that there isn’t enough time left this month in which to call the AGM to be held prior to or on 30 September. Has the company been granted an extension to hold its AGM? If not, are we at least requesting an extension?

On the subject of AGMs, I appreciate that Covid is having an impact on this year’s season, but I’d like to re-visit last year’s AGM too. The AGM was held on 23 July 2019, having been notified to shareholders on 26 June 2019. Holding last year’s AGM beyond six months from 31 December would have breached company law. Can I ask whether this matter was ever raised or discussed by the board? Was the matter ever raised with (or by) the Nomad? I’ve looked through shareholder documents and RNSs and cannot see any mention of it; it’s like such a breach has simply been condoned and swept under the carpet. I’m wondering whether the issue was ever addressed or whether, candidly, the board is simply unaware of the rules public companies need to adhere to. Looking back at our records, I can see that our 2017 AGM was held on 9 November, our 2016 AGM was held on 24 November and our 2015 AGM was held on 24 July; despite all of the meetings needing to be held by no later than 30 June.

Regarding last year’s AGM, the resolutions were passed by shareholders. However, there is no record of the resolutions filed at Companies House; another breach of company law. I would suggest that the missing filings be rectified.” End Quote

RKB

Morning Mkx007

Well the B.B.’s are for fun and at my age I am too old to have the fun of a sixties pop star so this is my drug of choice (apart from coffee & obviously red wine)

I am signed-up for email communication from Rupert Labrum and I have this morning received an email containing certain facts that I find deeply disturbing about our current BoD and their “management” of OUR COMPANY.

I would DYOR and sign-up for the emails.

RKB

Scrabble

I believe most Posters on this B.B. are aware of my Posting style and will have an understanding of what & why I Post. Sometimes I Post cryptic messages, often for my own entertainment but sometimes to convey a subliminal message.

As I have stated on numerous occasions I play chess most nights before I go to sleep but I do not recall if I have said that my wife plays Scrabble every night before she goes to sleep. She is the one who is good with words and I am the one that is good with numbers (and People)

Last night I went to bed at about 10:30pm and finished playing chess just after 11pm. I lost, the computer won and I was thoroughly beaten, not even close to a stalemate. This happens occasionally, usually when something is on my mind and as I was still not asleep by 2:15am I thought I would get up and Post something.

Now for the record I was not intoxicated, the last time I had a alcoholic drink was Friday evening and I was driving on Saturday so obviously I was not drinking during the day and because of local lockdown restrictions in North Lanarkshire (we live one mile to the east of the Glasgow City Council’s boundary) we were not able to have a planned carry-out curry at our daughters new (first) house in Uddingston so we had our own carry-out at home but I did not have my usual glass (or two) of red. This was because I wanted to have a clear head and think-over not only Saturday afternoon but the past seven or eight days.

So what is the purpose of this Post? Well on our B.B. we have the icon at the bottom of each Post for other Posters to “tick” and recommend a Post if they like it. I often tick Posts and if nothing was to change over say 24 hours then for example on Timmit’s Post of Saturday at 16:35 there are currently 3 Recommends, of which one is mine and I know this because it is highlighted in Green. Now say at 3pm on Monday (note the time) and I was perusing our B.B. and I re-read Timmit’s Post again and I then changed my mind, then I could “un-tick” the Post and then all things being equal he would only have 2 ticks.

RKB

Try

Prosperousprimforall

At

G

Mail

Dot .

Com

RKB

Chess Board

If you know me then you will know I play chess most nights before I go to sleep and I play against the computer, which is set at a level so that it is difficult for me to win. But I do not play to win, I play to not lose and hopefully get a stalemate but about once or twice a month I beat the computer because I do something that the computer thinks is illogical and then I win.

Now with our current BoD under attack, we PI’s are like blind people playing chess. You would think a blind person would not be able to play chess but... A special chess board for the blind players is used where the squares on the Braille board are lifted and have dots on them to identify the particular squares on the board. ... They then use their chess knowledge to play like any other player.

So we the PI’s are the pawns and are the foot soldiers and often we get sacrificed to ensure the King is protected. The really important pieces are in my opinion of ascending order of importance, Knight, Bishop, Rook, Queen & King.
I assign values to each chess piece.

Pawn 1 point
Knight 3 points
Bishop 3 points
Rook 5 points
Queen 9 points

Now from our recent TR1’s we have a Bishop & a Knight (S Ball & Adrian P) and a Queen (R Labrum) or substituting points for percentages we have 3.01% 3% & 17.6%.

I have spoken to the Bishop yesterday, the Knight last Friday, Sunday, Monday, Tuesday, and Wednesday several times, Thursday & Today and finally I have spoken to Queen today.

Now games of chess can be very complicated and they can take many twists & turns and as I have had extensive conversations (with one piece in particular) I can see me not losing or getting a stale mate.

RKB

Horses for Courses

Between 1900-1910, national horse population increased by 70%, from 13 million to 23 million. 1945 marks the year that tractor power overtook horse power on American farms. This was a drastic change from just 25 years earlier when there were approximately 25 million horses and mules and only a handful of tractors that were used on large farms.

I did not study History at school, I had to choose between Geography & History in 3rd year and as Mr Davis ran the chess club I decided to take Geography. But from History you can learn especially when you are investing in Companies.

I do not smoke so that is why I am using the example of “Horses” rather than “cigarettes” but there are scores of examples in Business Books / Business Courses that you can benefit from if you only take the time to look.

The world is changing, especially now we have Covid-19 which will not disappear overnight. I may have invested in the old HNR because I thought RP had the technology (and expertise) to locate good assets but the reality is now under ZOE we are a CBD Company.

It does not matter to me if someone invests in a Tobacco Company because my view is that it is their choice and the end user (the smoker) pays lots of Tax to their Government.

Likewise it does not matter to me if someone invests in a CBD Company because just like the Tractor Companies in the 1940’s they had the foresight to see how history was heading and tractors were the new horses.

Zoe will be one of the leading CBD companies in my opinion, you only have to do your own research and understand how the world has to change and see where Governments will raise revenues Post Covid-19.

RKB

DYOR

I have often said DYOR and I think many Posters do not.

I have spoken to two TR1 holders recently and by doing so I have a clearer understanding of some things but not all.

RKB

No you are not missing something and I look at his "salary"

"A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker."

RKB

PS is this "professional"?

No

RKB

Final Results

Normally I am sitting waiting for the Annual Results (due for year ending 31st March 2020) but I am not too bothered this year because what will be portrayed within the Results will not be anything like what will be there in July 2021.

We were originally and Oil & Gas Exploration Company, along with supposedly some innovative technology to improve the fracking of oil wells (that went well!)

We have now “materially” divested our Oil & Gas assets and are now basically in the CBD business. As our accounts will be made-up to 31st March 2020 they will not show:

29/04/20 USA Government Covid-19 loan of $290,000 2yrs @ 1%
29/04/20 UK Government grant of £10,000
30/04/20 The Schrader Family loan has made the payment due of £118,750 the 1st of 10 payments due to the Company, You will find that 4 other payments were also paid (when Results announced but none of this £593,750 will be reflected in our balance sheet) worth re-reading the RNS 260320
27/05/20 & 8/07/20 Sale of DT Ultravert & Nitrogen Assets , information on the sale of the assets is not easy to put in £’s due to the structure of the sale but it is a sale and divestment that benefits shareholders.
22/07/20 Termination of the Lease on the Hemp business resulting in “reducing high ongoing costs”
02/09/20 Sale of Oil & Gas interests, although not much incoming cash from this, we have reduced to zero the expenses (about £1 million) and repaid a loan of $276,574.

Conclusion: We are now a totally different company when I first invested over £125,000 in the old HNR (at 25p) and if you have done proper research you will know why the Schrader family are our largest shareholder with 24,750,000 shares and our joint CEO with 6,450,000 shares each.

RKB

PS ZOE is a main market listed companies not an AIM with the current shenanigans that are going on (betterupthandown who hides his posting history, why?)