Primorus Investments Share Discussion Threads

[chutes01] 04/12/2021 16:20

Nothing is presented as fact, I don't like your tone, you seem to be attempting to defend something, do not reply again.

[betterupthandown1] 04/12/2021 15:09

Chutes, no holder large or small has been locked in because of the Must deal. Either you are confused or trouble making. The liquidity of a small AIM stock is always going to have its moments. If you are invested directly into MUST then yes because of the SPAC rules regarding suspension but PRIM trades away either up or down.
The mcap of PRIM is approx 4.5m and the NAV 9m. Therefore because of most investors short time frame they sell out when there is no instant gratification.
You clearly have either sold out or in cahoots with the old mob - it doesn't really matter what your motives are because there will always be buyers and sellers and it is all about your entry and exit point. As a shareholder it really doesn't faze me where the share price is now but rather in 12 months time -if that means people can invest at a lower level so be it. But Chutes please do not make up stories - Prim is one of the few AIM companies who has not been involved in raising money in the last few years and the balance sheet is very healthy with some really good potential investments as well as some distinctly average legacy investments.
Time will tell but be careful with your language and statements( which you present as fact) as you never know who's watching you.

[megaman2] 04/12/2021 14:54

One minute it's a death spiral next minute good news will be met by a seller your just making it up as you go along ...

[chutes01] 04/12/2021 14:30

there were several large holders, circa 3% who have been locked in here since the Must deal went sour, they are now selling out as can be witnessed.
Thats just the mechanics of the market, and for here it has been manufactured by a complex transaction which now appears niave.
see this heading below 3p, looks inevitable for several months.

[betterupthandown1] 04/12/2021 10:30

megaman, I don't disagree with you. Chutes is just trouble making. The last 300k deal was a buy and so maybe someone is selling and we will get a delayed trade once the position is cleared. This investment company is actually in a decent position and is trading as a significant discount to NAV as opposed to others which have been trading at a premium. I know which one I want to be in for the long term and yes potentially this will trade higher very quickly. As always do you own research but the adage of buy low sell high looks the sensible bet. The fact that the company has recently performed a capital reduction and the directors own over 20% of the company should give anybody with an eye for investing a clue about how this one will play out. otherwise Chutes I suggest you focus on buying into an investment company where the directors hold no shares, pay themselves high salaries to keep them in a certain lifestyle and play pass the parcel with the company assets to their mates whom they share directorships -if you get what I mean( of course you do because you know that system very well!!!!!!)

[megaman2] 04/12/2021 04:37

I think once the must deal is unravelled and if prim do indeed elect for bmn shares the share price will recover significantly .given that's less than a month from fruition this may well be a shrewd short term entry point with share price trading at a significant discount to nav. The lack of volume means the share price can move very quickly on relatively small trades. There s quick 30-40% potential profit to be made here imo.

[megaman2] 04/12/2021 04:30

Chutes doesn't have any info .a few weeks back he was saying all the must money was gone....when in fact there is a backstop into bmn where all the money plus interest will be converted into bmn shares which is listed on aim with c£110 million market cap ...it will be by far prims mist liquid invrstment. Clearly the s.p.. has gone down but the share has few trades which is not ok unexpected for a penny share of this market cap to call it a death spiral is a bit dramatic....im wondering if chutes is linked to one of the old directors or something maybe one of their wives as they seem to have an axe to grind but don't know much about the actual stock...

[chutes01] 03/12/2021 20:14

interesting to see what it is
could be several issues, been in death spiral for months now

[betterupthandown1] 03/12/2021 16:47

interesting comments Chutes01, what are you expecting on Monday?

[chutes01] 03/12/2021 16:26

selling at 3.1p now, may find out on monday what happened today

[chutes01] 03/12/2021 13:39

likely to go below 3p now due to being illiquid for months and several distressed sellers

[imjustdandy] 01/12/2021 07:50

ALTE to list this month. Massive gains for PRIM having participated at the seed level. Also has immediate £200k profit from nil paid warrants.

Primorus Investments plc (AIM: PRIM) is pleased to announce it has agreed to invest up to GBP350,000 in Alteration Earth PLC ("ALTE"), a recently established special purpose acquisition company ("SPAC") (the "Investment").

The Investment is being made in two parts, a seed round (the "Seed Round") and a subscription round (the "Subscription Round"). The Seed Round will be funded at 4p per ordinary share and the Subscription Round will be funded at 10p per ordinary share. Assuming both rounds are fully subscribed, Primorus will hold 5,000,000 ordinary shares as follows:

-- 2,500,000 shares at 4p per share in the seed round (for a total of GBP100,000); and
-- 2,500,000 shares at 10p per share in the subscription round (for a total of GBP250,000).
The Investment will represent an approximate ownership of 28% of the issued share capital of ALTE assuming both the Seed Round and Subscription Round are fully subscribed.

The Subscription Round is conditional on the admission of ALTE's share capital to the Standard Segment of the Main Market of the London Stock Exchange on or before 31 December 2021 ("Admission"). The subscription monies will be held in escrow on behalf of the investors until such time as Admission takes place, or will be returned to the investors if Admission does not take place before 31 December 2021.

[skyship] 30/11/2021 12:02

So, refers to the Jenkins listing of Boanerges at 345p:

"This is great news for Prim because it holds 150,199 shares in Weshop who own roughly 33m shares in Boanerges. At a 345 trade price for Boanerges Prim's equivalent WeShop holding is in excess of £1.3m!"

Thnx for that both of you.

[gerd212] 30/11/2021 11:15

Google is your friend?

[skyship] 30/11/2021 11:06

?....could you share please.

[betterupthandown1] 30/11/2021 10:40

interesting Primorus Tweet

[twixy] 29/11/2021 15:55

Kiss of death ;-)

[skyship] 29/11/2021 15:03

Wel, well, well - on the homepage leaderboard! Up c11%

[balcony] 29/11/2021 12:05

3-63 paid for the next 100k.

[spittingbarrel] 29/11/2021 11:56

I've just bought 100k at 3.545, that's the last of them at that price.

[skyship] 29/11/2021 10:18

Is this our Fresho partnering in India?