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Post by veganline on Apr 14, 2017 9:53:02 GMT
My review veg-buildlog.blogspot.co.uk/2017/04/just-invested-few-tenners-in-primestox.htmlThis outfit appeared on a google ad, with next to no references on the web, so I had a look and experimented. It's based on crowdfunding software like the free www.selfstarter.us/, but the funded items are loans at a particular rate of interest, allowing the software to work for P2P lending. The founder also hired a user interface designer to make it smart and self-explanatory, and used I guess his accountant's address in central London to make the business look upmarket. Security seems only to make sense if you like the idea that ten pots of vegan caviar valued at Fortnum and Mason prices might turn-up on your doorstep one day, if a loan defaults, and the site is laid-out to encourage tiny investments. You can also fund 100 pots of vegan caviar if you want, or seaweed, but I don't know what you'd do with them if they arrived on your doorstep. Interest is a couple of pounds per investment over three months, which works out at rediculously high amount in annual percentage rates. I imagine that food companies hope for a bit of public relations in exchange for the loan as well as the money itself; that they are putting their name about among foodies. That's the gist of it. My verdict is that it's worth a flutter on small amounts of money for people who enjoy this sort of thing, just to see how it goes. John Robertson |
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adrianc
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Post by adrianc on Apr 18, 2017 8:43:59 GMT
What the... is "vegan caviar"?
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DiQ
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Post by DiQ on Apr 18, 2017 14:21:05 GMT
What the... is "vegan caviar"? Fish flavoured tapioca balls, what else? 
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Post by veganline on Apr 29, 2017 14:09:58 GMT
I picked an unfair example - Primestox haven't yet funded vegan caviar (which isn't bad, I tried it) but they have done another seaweed-based snack. The list so far is - Crisps, seaweed
- Smoothies enhanced with superfoods
- Juice, cold pressed
- Fruit bars
- Vanilla paste tubes
- Chips, frozen, sweet potato, battered
- Sauce, salza
As an invester I've tried to list ways of flogging this stuff if caught with too much to eat. You are allowed to bid for tiny amounts, which I guess is what most people do, but what if you own 250 packets of frozen chips as security?There's a list of ideas on my blog post but it boils-down to - Somehow someone somewhere comes-up with an offer for all or some of the investers
- Takestock.com small ads might shift a bit
- Approvedfood, ClearanceXL or the like might make an offer
- Caterers and retailers have more options
Otherwise, I'm intreagued that the site seems to have got going on not much money with cheap crowdfunding software. Maybe someone has an idea for some other kind of stock finance that could be done the same way.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 29, 2017 16:37:35 GMT
Fish flavoured tapioca balls, what else? For crying out loud - Of all the things to find a vegan substitute... You got to be a special sort of person to go Vegan, and then miss sodding "caviar". They probably have Stella McCartney on speed dial for advice... The sort of person who is outraged by the new £5 notes containing minuscule amounts of fish oil... then goes and then vegan caviar, which comes from < has a look> Denmark... seriously... God, save the fish, sod the bloody environment getting the caviar substitute to your front door; the good news is they also ship to America, so PETA needs not to worry when they hold their next US meeting... Hmm... I need a brandy (which is vegan-friendly, I'm thrilled to say) Very unlike you to get out of your pram Dude. I'm sure you'll be back to The Dude We Know And Love, after that (hefty) brandy. 
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adrianc
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Post by adrianc on Apr 29, 2017 17:25:54 GMT
For crying out loud - Of all the things to find a vegan substitute... Any "veg(etari)an substitute" simply signifies a lack of imagination. I eat animals. I LIKE eating animals. But, if I didn't, there's no shortage of perfectly good, creative cuisine which doesn't use animals, bits of animals, or things that came from animals without having to manufacture ridiculousness like "mycoprotein" with umpteen artificial flavourings to end up with something vaguely like a roughly pig-flavoured slice of vinyl. (with apologies to ilmoro's hat, and especially to Please turn me over, one of whose relatives was particularly tasty this lunchtime)
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Post by veganline on Apr 29, 2017 18:45:52 GMT
For crying out loud - Of all the things to find a vegan substitute... Hmm... I need a brandy (which is vegan-friendly, I'm thrilled to say) Talking of vegan substitutes I have some pretty good DM-style boots made in UK working conditions with strong supple absorbent tops. Just try not not to think about the "V" word. I'm sure they go well with cigars and brandy
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Aug 21, 2020 11:40:43 GMT
Does anyone have news on Primestox in general or status of the outstanding loanbook in particular?
Joseph Cherrez gave an upbeat interview to P2PFN a few weeks ago but has since failed to respond to emails or to engage with investors.
The website is still accessible but is not being updated.
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Oct 18, 2020 20:28:21 GMT
Does anyone have news on Primestox in general or status of the outstanding loanbook in particular? Joseph Cherrez gave an upbeat interview to P2PFN a few weeks ago but has since failed to respond to emails or to engage with investors. The website is still accessible but is not being updated. I received an email response from Joseph Cherrez on 25th August which foresaw no recovery of outstanding loans and suggested that 'PrimeStox investors may wish to consider writing off this loss so that it can be offset against other income for taxation purposes'. Does anyone have any better suggestions?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 18, 2020 21:14:35 GMT
Does anyone have news on Primestox in general or status of the outstanding loanbook in particular? Joseph Cherrez gave an upbeat interview to P2PFN a few weeks ago but has since failed to respond to emails or to engage with investors. The website is still accessible but is not being updated. I received an email response from Joseph Cherrez on 25th August which foresaw no recovery of outstanding loans and suggested that 'PrimeStox investors may wish to consider writing off this loss so that it can be offset against other income for taxation purposes'. Does anyone have any better suggestions? Are they FCA regulated with the the operating an electronic platform for the purpose of lending permission? I suspect not as AFAICS you are lending to the company directly and I cant see any entry in the FCA register, or reference to FCA at all, therefore I would suggest the advice is rubbish, it is not P2P lending and therefore losses are not eligible to offset income.
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Post by spareapennyor2 on Oct 19, 2020 6:42:35 GMT
IRAW HEALTHY HABITS
20 Oct 2020 Final Gazette dissolved via compulsory strike-off
UPFULL FOOD
21 Jan 2020 Final Gazette dissolved via compulsory strike-off
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Oct 26, 2020 12:23:13 GMT
I received an email response from Joseph Cherrez on 25th August which foresaw no recovery of outstanding loans and suggested that 'PrimeStox investors may wish to consider writing off this loss so that it can be offset against other income for taxation purposes'. Does anyone have any better suggestions? Are they FCA regulated with the the operating an electronic platform for the purpose of lending permission? I suspect not as AFAICS you are lending to the company directly and I cant see any entry in the FCA register, or reference to FCA at all, therefore I would suggest the advice is rubbish, it is not P2P lending and therefore losses are not eligible to offset income. thank you for the prompt response I guess the inference being that if I lent directly to Primestox then that is where I should seek redress?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 26, 2020 19:26:57 GMT
Are they FCA regulated with the the operating an electronic platform for the purpose of lending permission? I suspect not as AFAICS you are lending to the company directly and I cant see any entry in the FCA register, or reference to FCA at all, therefore I would suggest the advice is rubbish, it is not P2P lending and therefore losses are not eligible to offset income. thank you for the prompt response I guess the inference being that if I lent directly to Primestox then that is where I should seek redress? I would certainly be seeking clarification as to the grounds you can claim losses against income and yes I would also be seeking clarification as to why they are not liable to repay the money. I only took a cursory glance to see if it was P2P in relation to SAIM 12000 loss reliefs so there might be some clever structure in the terms.
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