Member Info for Testing321

Some contributing factors:
It's difficult for the market to value Prim's investments in non-listed companies. Prim only recently sold their GGP holding and locked in the gains, but most of the other investments are not listed so until we have a private sale or they are listed it's difficult to value. The directors have historically taken wildly disproportionate salaries relative to market cap and value - they have essentially been kicked out by the new board that combined owns over 20% of Prim, so hopefully positive change coming for shareholders in this regard.

Doubt that, gives new management a pot of almost 5 million to work with, roughly equivalent to our market cap alone. All other assets are essentially free

and no share buybacks for the foreseeable future

Significant update:
AC and Jeremy Taylor-Firth are leaving
Cash reserves of £4.8m, almost equivalent to current market cap alone
Zuuse revenues and EBITDA improve on 2019
Fresho growing into the UK market next year. Currently around 75k B2C users
Engage signs G4S as a client - great news
WeShop - fundraising and not much news here, but the FIRE RNS seems to indicate a change in business model/new live launch
TruSpine - poor performance, still waiting on FDA approval
Sport80 - took a hit in COVID but forecast to end year in profit
StreamTV - shareholder action against management - poor
SOA - Ignore for now
Nomad - Write-off

Commenting Paul Ellerbeck, CEO of WeShop:

“This funding allows WeShop to initiate a substantial launch and fulfil the enormous potential of this business. There is no doubt whatsoever that friend to friend recommendations are the most trusted source for making purchasing decisions. Questions and advice around products and services are happening every minute of every day all around the world. The biggest problem of any new platform is acquiring and retaining users. In the first instance, acquiring and retaining users is a direct function of marketing budget. WeShop have devised a marketing mechanism which not only will acquire users but keep them engaged and retained in an incredibly cost-effective way – it is a truly unique mechanism which we are going to launch. The social commerce landscape has still not been conquered and there is not a better time as online sales are increasing, and people are spending more time on their electronic devices. This funding will also accelerate a public listing event. We look forward to announcing further updates in relation to the launch, the public listing and the marketing mechanism.”

What's happening with WeShop? Their website says launching soon - are they pivoting to a new model?
https://weshop.co.uk/

FIRE bought a 10% stake in August, and the CEO mentions a 'substantial launch': https://www.***************************/iamfire-raises-5589039-and-is-to-acquire-10-in-weshop/412854593

So we're out of GGP. Cash exceeds market cap. What would you prefer they use the cash for ?

Primorus have sold out after a 10x gain:
https://www.lse.co.uk/rns/PRIM/greatland-gold-investment-update-6uikb3io0sy828z.html

Thanks for sharing. Low salaries but the directors are paid via consultancy fees. ~25% of expenses were for travel and entertainment. Very early stage, still working on FDA approval, expect first product to only launch middle of next year - bottom draw

Should be out in about 2 weeks? @Balanced66 yes and rightly so, hit high grades and expanded the size of Havieron. Drill results from other sites still pending but if even one of them hits = big news

Decent credentials, but proof is in the pudding. Need to see what the plan is moving forward, both with the investments and the ridiculous salaries

Well let's hope something good happens soon, about a 30% drop in the last month. Apart from GGP, not much positive and investors have and will continue to lose patience

Thanks Timmit

When will the new board be confirmed and Strang formally resign?

Thank you for your input and clarification RKB

Fair question pokerchump, we had around 83million shares in Alba in Jan 2018 and I can't seem to find any further updates, although Alba isn't listed as an investment on the company website
https://www.investegate.co.uk/primorus-investments/rns/quarterly-investor-update/201801040700039439A/

Is there a kid that manages this account?
https://twitter.com/priminvestments/status/1309203219826999304?s=20

Is it? So now we need 5 directors? " it became clear we share the same vision for the Company and how returns can be maximised for all shareholders." Got to take that with a pinch of salt given the previous inflated salaries. Look forward to the strategic review and hope for growth though

and Rupert continues to accumulate

Hi RKB, could you share that info with the rest of us? Is that the prosperousprimforall email that you contacted him on? Many opinions being thrown about so would be helpful to get greater clarity on recent developments