Member Info for Zryte

Hi all, thought I’d share my thoughts.

I have been invested in PREM for a very long time. I have been up a lot at times, not once, but now I am down around 98%, after averaging down quite a few times. Around £18k down.

I have learned a lot from this investment. I have called things right many times, but I never listened to myself. I’m not angry at PREM. I could have made a lot of money here, but emotions got in the way.

Anyway, I am considering throwing some more good money after bad one more time. This has been dragged on for so long, yet they are still trying to make it work. Surely there are some genuine believers and people trying to find a way forward.

My conclusion is that Canmax staying involved only cause they have around $35m exposure and walking away would mean crystallising a huge loss. They must still have hope of recovering that money and keeping PREM moving forward. The fact they are still here tells me they must still see some value in the asset. What's in the ground. And if Prem succeeding... guess what, they never can forget what canmax did for them...

Glencore is not really a consideration for me at the moment. It seems clear nobody wants to put money down and take the risk of making Zulu work.

Now they appear to be looking at the only remaining value and opportunity with RHA to try and raise money without diluting shareholders into oblivion.

The big questions are: will they need several million to get RHA into production, maybe around $5m? Are they looking to sell it? Is there someone willing to JV with RHA?

The problem is that even if Zulu gets funding, it is still not guaranteed it will work.

Until we have someone funding this other than through more dilution, this remains a pretty sad story for shareholders.

The biggest worry is that they can continue down the same path of dilution and consolidation. It may get voted through because nearly everyone is trapped and hope dies last.

And there it is again — emotions. The same thing that has probably caught many of us out here.

Just my thoughts. Good luck all. Waiting for that miracle funding.... And PS I won't be entertaining the vultures trying to feast on my post and going into pointless and nonsensical conversations. One more thing, the moment I regret the most is when stock box went to do that pr stunt video of Zulus first run and George was running scared and surprised to the bag of disappointment and I haven't sold.....

Hi,

Is it too late now to send the pro forma?

Hi All,

Can I join the legal action if I hold my shares on a nominee account or is that makes it complicated?

Thanks,

Z

Hi All,

There may be cases where test runs are not required for FDA resubmission. However, it ultimately depends on the specific circumstances and the nature of the changes made to the product.

In some situations, if the modifications made to a medical product or device are minor and do not significantly affect its safety, efficacy, or performance, test runs may not be necessary. Instead, the resubmission could focus on providing additional data, clarifications, or addressing specific concerns raised by the FDA during the initial review.

In my opinion, it's more likely there will be test runs than not. :)

Regards,

Z

Hi Panamabob. I agree with you. Shouldn't be like this, but...it is what is. What we can do?...
I'm considering to raise my share count. So I was just hoping to have a discussion, get different thoughts to help make my decision.
I guess long time holders went into just hope mode. Had enough of playing cluedo. Will hold those shares anyway.
Why are you checking the chat section of the LSE website? (Please don't answer the questions)
Please guys be a bit more open minded , not everyone in the same situation as the other. :)
This is your investment as well alltogether, might be helpful having some drivel. You never know.

Zryte.

No problems Dougb.
Yeah, exactly that is what I am afraid of. Are they doing the same thing again? Or it will be different this time with the repeated ongoing "Joint Venture" talks? In the shadows of the "NDA". Time will tell.

GLA
Zryte.

AI says:

If a company is in joint venture talks for an extended period of time and then chooses to change its name and consolidate its shares, it is likely that there are several reasons driving these decisions. Here are a few possible explanations:

1. Branding: Changing the company's name could be a way to align its brand and messaging with the joint venture partnership. By consolidating shares at the same time, the company would be creating a simpler, more transparent structure to communicate to potential partners.

2. Streamlining Operations: Consolidating shares can help improve the company's operational efficiency by simplifying its capital structure and creating a more streamlined decision-making process. By changing its name at the same time, the company could be signaling a broader transformation aimed at improving operations and ensuring successful joint venture partnerships.

3. Improving Financial Position: Consolidating shares can help improve the company's financial position by reducing administrative costs and improving liquidity. By changing its name at the same time, the company could be signaling to potential joint venture partners that it is serious about improving its financial position and is committed to long-term growth.

4. Rebranding: If the joint venture involves a significant change in strategic direction or a shift in target market, changing the name of the company could signal this change to both internal and external stakeholders.

It's important to note, however, that changing the name of a company and consolidating shares is a significant undertaking and should not be taken lightly. These decisions should be made carefully and only after thorough analysis of the potential benefits and risks.

Invfun, why you don't know? That's a better question for yourself:)

Yeah indeed, he got shifted as well. Probably he was thinking this would be all done by now. I wouldn't feel sorry for him tho. The money came from copl highly likely:) He has a lot of options granted as well. At least he has put some money down on the table.

Z

I don't think he could buy any shares after that due to NDA.

Z

Dougb - Sorry I was lazy to exchange CA$ to £.Someone could point out which RNS the JV been disclosed first? Assuming when AM bought 1M shares he had no idea about JV talks. He can't buy shares in knowledge of market sensitive information ( 3 months). Hence he bought it for 18-19pence each.

Thanks,
Z

Hi Nogamble,

The key word is "talks" . Nothing singed. That's why I cannot say it will happen ,they could just walk away?
I do think it's there but all I am trying to say it's not 100%.
That's why the share price where is.

Z

Hi All,

I have been invested in COPL around 2 years back, luckily decided to sell at a small loss at that time. Been checking in time by time since. Got back in at 6p with a small punt last week.
In my experience companies with good assets don't just go bust, usually....
Are those "good" assets ? I think so, but maybe not.
Even if there is no JV talks right now , to me the only question is how much more dilution we will get untill some sort of deal happens.
As it's already dragging out for a while something should happen. Either a deal or placing. If it's a placing I just buy more on a drop:) So what could be the bottom of the share price? 2p? 1p? with huge dilution?
Bondholders just converted at 5.25p I believe.
Usually they hype the share price with the discoveries then placings meanwhile (1-3 years) they get to the deal. It's takes time. Hope my timing is not off by years now...we shall see.

This is only my opinion hence my comeback on it. Not ramping or deramping. Not financial advice.

Good luck everyone!
Z

It affects the SP , might be not on the level most thinking it does... But it still does. The world is changing , look at the last 2-3 years of investing in.. it's totally different than before. We judge him because the way he posts, there is a normal way to do so...

There is a need for "deramp" because of Snowking's inaccurate and unfair posts... Most were addressed directly to him... But you can call it deramping if you wish:)

Wolframite your assumption is wrong.... It's not about entry point at all.

Regards,
Zryte

SK wake up, people starting to have enough of your behaviour. Is it misinformation or disinformation?!
Planting rumours and backing it with your oh soooo insider knowledge. Are you joking snowking? Ridiculous...
Only for you:
Definition of disinformation : false information deliberately and often covertly spread (as by the planting of rumors) in order to influence public opinion or obscure the truth.

Twisting things and attacking, no substance in what you are saying :D you are just proving me right about this board , thanks. this is exactly why I had only one comment here . This is my last post i promise. Enjoy yourself.

Good laugh my friend , I hope you know there are conferences where you can meet the "big dogs" same as me. Not every company trying to represent themselves. Go for it ,most of the time it's free;) I have no connections to any of them but if I have the chance and interest ,I talk to them. The only person doomed this is AZ.. going out after my breakfast now , cheers :D

Hi Snowking,

I'm pretty bullish on prem as you, but it's quite suspicious you are keep hinting with your insider knowledge. I think anyone with informations like you would be wise enough to keep quiet.
Same JG as a large shareholder it's not a common thing to post here. He probably knows more then us but hes choosing much more wisely what he can say or not. He also changed his name here for a while , I guess he been advised to do so for obvious reasons. Appreciate his presence here but it's still weird for me. Unusual.

I done well on Prem already can't complain, we will do well just question of time. Stop hinting bro...;)

Take care guys:)

Best regards,
George