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Mrs Beekeeper asked me to summarize current investment case in a non-cryptic way.
ForCrowd: Look at the investment, look how it was structured, look at how it was resolved after I voiced my concerns to Francesco and then I was made an insider. Conclusion? We did not issue them with shares that I recently calculated would have been worth £462,950 and what did Francesco give ForCrowd for their troubles? €20,000.
Bond Conversions: Re-read all my Bond Posts, look at December 2018 and see how little shares we issued to convert €2.1 million. Francesco only issued just under 51 million shares.
Bonds Outstanding. What will Francesco do when our share price hits 3p? Will he issue another Conversion notice at the 500% premium that he is permitted to? That’s will he convert Bonds at 15p? Currently Francesco would only have to issue 10.6 million shares to convert £1 million (not €1 million of Bonds and that is at 9.43p not 15p (I will let you do the maths)
Eufingest Loans & Bonds: They can convert at 1p. When (not if) do you expect them to convert?
Recent Placing: £680,000 raised but issued over 113 million shares. Who do you think took these shares?
John Story: 100 million at 1p and another potential 100 million could be issued at 2p. When (not if) do you think these shares will be issued?
That is all for now, think I will go and assist Mrs Beekeeper with the completion of the jigsaw.
RKB
Morning Theosus
Your explanation for investing in ARB is understandable and I concur, my explanation was, how can I put this without affecting our loyal shareholders, was a simplified version for some “Bad Johnnies and others with limited knowledge”
The Bad Johnnies are flat earth theory posters. They can not admit that when they made a wrong decision it was their decision. Like you, I have some big bad investment decisions like CHAL (lost more than I have made in CLP) MDZ made a lot then lost it all after not selling on the day I went to their AGM (others sold while I was buying the drinks at the bar, I don’t blame them as I thought I could start a dialogue with the BoD after being handed their business cards only to discover they did not furnish me with their mobile numbers another red-flag to note)
I did not go on to the B.B. of CHAL or MDZ to rub the remaining LTH’s noses in it, I accepted my mistakes and moved on to other shares.
RKB
I fully agree with you RKBeekeeper !
I have been thinking where I can get cash to buy +1 million CLP this week. My current average is 0.5p and i'll be paying +4 times my current average to add an additional + 1 million. It seems that i will have a take a small loose elsewhere to buy this and tomorrow i will how best to sell my other position.
As for Bitcoin it has a strong support at $41,000- $38,000 then the next move will be + $74,0000 to $78,0000 !!! Trust me when i tell you that we will hit these levels in the coming weeks!!
Mrs Beekeeper
Every major financial decision I have ever made has always been with the 100% agreement of Mrs Beekeeper.
Our first house, our B2L for our student daughter, assistance for first wedding of eldest daughter, deposit for both daughters first homes, funding one year mortgage payment for eldest daughter to take one year off for her first child and many bigger financial decisions like cars even when I bought a limited-edition Escort Harrier in the 1980’s.
About 5 weeks ago I invested in ARB but because it was basically Bitcoin, I discussed it with Mrs Beekeeper. Regardless of your view on Bitcoin I made the decision on mathematics. I explained to Mrs Beekeeper that the all time high was about £1.25 and someone had invested about £22 million at I think 80p and the price was about 70p to buy. On the mathematics it seemed a no brainer as someone was currently down about £3 million on paper and as Bitcoin was pushing to new highs it seemed a timely investment. I sold another batch this week at £2.67 for about 230% net profit. Only have a tiny holding left now in this company but the mathematics were correct.
So yesterday while Mrs Beekeeper was doing some of the jigsaw and I was drinking some of the chianti, she asked me if the mathematics were good for investing in Clear Leisure and I said yes.
To be continued.
RKB
PS I have family commitments today so not today.