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Really does call into question the investing acument of the BoD, what proper due diligence was done before investing £400k in RMM? RMM is a failure, Mustang didn't work out. Seems like they're taking aim with a shotgun in the dark and hoping one hits. I had high hopes here when Rupert took over but expectations are at quite a low point now. No communication from BoD on this suspension either

@PrimForAll / Rupert - you read this forum, what is your plan for this sp that just keeps dropping? Investments in Rambler and Landore have more than halved. What is the catalyst for growth?

Hi Greg not that I'm aware of

Fresho has just reached its 15,000,000th order!
Reflecting on where we started and where we are now, this is a remarkable achievement and we are incredibly proud of our growing team across Australia, New Zealand and the UK.

As we continue to strive to transform the food industry for the benefit of the people and the planet, we’re looking forward to what comes next. Stay tuned.

https://www.linkedin.com/posts/fresho-_foodtechnology-foodindustry-fresho-activity-6984026339955621888-t_Lu?

Hi rkb I assume you've put the question to the BoD / Rupert?

[reposted with better formatting]

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 believes 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. Its 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. Its 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. Im generally quite friendly and welcome a discussion around our investments good or bad.

Its your company also so if you have a querry 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

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 believes 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. Its 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. Its 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. Im generally quite friendly and welcome a discussion around our investments good or bad. Its your company also so if you have a querry 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

Oof what's going on here, big drop on no news. Somebody getting impatient? The half yearly report didn't sound particularly positive and none of the new investments have blown the lights out. RMM a dud. Rupert needs to deliver some good news, and urgently.

There is a notice on the prim investment page that the investment information was updated yesterday 17 August, but I don't have a record of what changed, perhaps someone else can see what it was: https://primorusinvestments.com/our-investments/

On Prim's website it now says that 4,157,637 BMN shares (including payment in shares for accrued interest) have been converted and sold, looks like at a price of 0.098987? Which means Prim now has about £411,00. Hopefully some share purchases coming soon
https://primorusinvestments.com/our-investments/

https://www.lse.co.uk/rns/ALTE/directorate-change-h2y9o2rdck9na0j.html

Positive to see thanks RKB, Nasdaq listing could be a game-changer. the US markets love these types of tech companies. Pity we still have such low volume. I've tried to sign up for WeShop to have a look around but looks like it's still just a waiting list to get in (or if you have a referral)

Glad to see ALTE listed: https://www.lse.co.uk/rns/ALTE/initial-admission-offcl-lst-cv8v3fm8e4cueu0.html

CloudFlare was down, so it took down sites across the world

Good update and the BoD are quite clear in their vision and what they want to achieve with their investments. As at 31 Dec 2021 Prim had total assets of ~£9mil, around double our current market cap. Still tremendously undervalued. Not sure why this positive RNS was released almost at the end of the day on a Friday though! Quick back of a packet calculations - I've used our initial entry price where I couldn't get a more up-to-date sp figure and don't include cash, so I'm off by about £1mil:
Fresho: £1,752,266
Engage: £1,450,000
CPH: £953,333
BMN: £1,208,988
Payapps: £1,747,083
Rambler: £441,977
Alteration Earth: £350,000
Total: £7.9 million

Any idea of what Fresho could currently be valued at based on the recent funding? It's tapping into a multibillion dollar industry and seems to be going from strength to strength.

Thanks for the positive perspective RKB and good to see the Fresho info

Another extension to July. Bit of a running joke now, might as well say January 2023, then anything sooner is a surprise.

Due date for listing today

Alteration Earth due to list on Monday, let's see. Need some positive news here