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Fair play RkB,get the vib out
Good evening high energy
To avoid me having to split the increase in the matrimonial assets I need to defer till tomorrow.
I have only managed to grab my iPhone while Mrs Beekeeper has gone upstairs (hopefully for some attire I have not seen)
I will be talking to a few friends tomorrow and although I only managed to uncork the bottle just after 8pm I think I am having vertigo.
I have a number of thoughts but if you have read all my posts then note this.
I only have two AIM shares and I do not want to remain in AIM not because of anything to do with the companies but the system is stacked against us so we have to be smarter than MM, Nomads, LSE and many others.
I have a desire to exit AIM and maybe after the Venice High Court Case I will be out of Clear Leisure but
But after midday today I had to phone a close CEO of one of my AIM companies, it could only be CLP or PRIM (I am not saying) and I had the most enlightening conversion since I think January 7th.
Enjoy your weekend, I have commitments before 7am and a number of International calls lined up mid morning to the East of the UK.
Hopefully I will have some thoughts to disgorge over the weekend.
I hope you all enjoyed your cake.
RKB
PS Due to the nice Chianti that arrived last Saturday Mrs Beekeeper for the first time in about 4 or 5 years asked (did not need permission) if she could have a glass! Now I do not know if that is to prevent me from consuming the whole bottle or if she has an ulterior motive.
PPS it’s our anniversary tomorrow so it could be she has brought it forward!
Any thoughts on today RKB?
More like it. 6p coming.
Ticking up again slowly, hoping we get close to the magic number of 4p today... Fingers are crossed!
Thanks to RBK and all for the insight.
I was in for a small position at 1.3p and read a flurry of posts late last night so just had to average up my position this morning.
Everything looking good for next week and the future!
NT to buy again. Tick up due.
Do CLP have any tax losses that can be carried forward? That could come in handy!
Very interesting jigsaw, debt free with funds to invest in crypto, that sounds ideal to me...
Great stuff. No wonder I had NT to buy for so long this morning.
That’s a lot of work. Thank you RKB
Jigsaw almost completed
All LTH know that Eufingest have supported us all these years. They provided the funds so that Clear Leisure could survive and for their loyal support and assistance it is now time for them to reap some of the benefit. Without Eufingest Francesco would not have been able to pursue the Sipiem court case, which all LTH will know is only one week away.
I have posted many times about our Bonds and how Francesco managed to exchange some of them for I believe about 93% discount (FG issued only 51 million shares at nominal value of £127,482 for €2.1 million of Bonds)
Eufingest now have loans converted into Bonds worth of about £3.1 million (€3,423,707) and these Bonds are convertible at 1p (just like the John Story placing price) Eufingest also have €3 million of the zero-coupon Bonds.
Currently I calculate FG has the Authority to issue about 365 million shares.
Hypothetically before the High Court of Venice result of the Sipiem Court Case (determination is issued next week) Eufingest could convert all their £3.1 million of “New” Bonds. This would result in Eufingest receiving 310 million shares.
What would be LTH’s view be on Eufingest converting £3.1 million of Bonds? Ok say the share price is “only” 4p on this news then their shares are worth say, £12.4 million. That is an increase of £9.3 million.
Eufigest currently have about 86 million shares. For years they have been 1p or less but at 1p they are worth about £860K but if we are at “only” 4p they are worth £3.44 million or an increase of £2.58 million.
Then on a favourable Venice High Court Result FG could repay the outstanding Zero Bonds and Eufingest would have no debt with us but plenty of shares worth (in the above calculations) about £15.84 million.
Then we have John Story who could exercise his warrants and Clear Leisure would receive £2 million cash. John would then have 200 million shares, paid £3 million and worth at “only” 4p £8 million (£5 million gain)
Then you have the recent placee who paid £680,000 for 111 million shares, which at “only” 4p are worth about £4,533,333 a gain of £3.85 million.
If John Story were to exercise his warrants, then Francesco would have in total £3.68 million cash (£680,000 + £1 million + £2 million)
Any funds received from Sipiem High Court could be used to settle the remaining €3 million & €1 million Bonds. The company would be debt free with lots of cash in the Bank like the £3.68 million above and whatever is left over from the Court Case.
In my calculations I said “only” 4p. You have to do your own calculations, but I am not SNP more likely a small c conservative.
RKB
PS If Eufingest convert and John Story exercises his warrants there would then be about 1,186 million shares and if share price was “only” 4p then we have a Market Capt. of about £47.5 million. You would normally expect a share price to decrease if there are more shares in issue, but Clear Leisure is not a normal share