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Hello LtdAxis
I was beginning to think our B.B. was being censored as Turnthecorner posted at 10:49am and the Post is intermittently popping up and then disappearing (good to know PR is earning his crust as he can’t get paid at his Altona Energy as there seems to be a little difficulty over on the Aquis Exchange, maybe he needs to go to Lugano as I hear there are deep pockets getting filled there)
I think the Interims are coming out this Friday but I can’t recall how I know that. I did look to see if FG RNS’d it or if it was in the Final Results. I recall I was informed the Interim Results will be published “no later than the 30th October” As in my blog we will see Profits but will that be any good for LTH?
As regards CLP being available to Trade well at the moment it is not really. One numpty lost £217 between 8:08am and 12:47 and lost over 20% of their Trading-Pot. There were two occasions this morning if you were brave you could have bought at about 0.23p and possibly sold for a maximum of 0.25p so you missed a 10% turn but I am sure you will have more opportunities as we approach March next year.
RKB
The ask was never at 0.2 Steve , and HL was suspended until just before close yesterday and I tried a few dummy buys this morning to see where the price was really at but it was NT all the way . If I had been offered 0.2 to buy I would have taken it .
You wont go near lt? Lmao.
So at .2 while you were unable to trade, had you been able, you wouldn't have bought back in.
What you now mean is.
The sp has risen above my trading limit so i am not buying.
RKB: I didn’t have an opinion on the trades , but was asking whether you were questioning that people shouldn’t be selling, or in fact suggesting they were not sells ( I agree that is quite likely)
Thank you again for all your informative posts. For the record I don’t believe this company is available to trade on AIM for the benefit of private investors .
MMS have got this one seen up at the moment do I won’t go near it . The interims may free things up a bit . When are they due?
Good Morning LtdAxis
I compiled my Posts late yesterday evening so I had not read your Post from 22:27.
I have to agree with your view about Eufingest and I quote “No doubt they will as this operation has to be seen to be legitimate until they get their money back, by whatever means they can devise.”
I disagree about the trades but what do I know?
I have to admit you have sussed out how to make money on CLP and I have to give you credit for that, well done. As I said in my blog earlier do you want to stick around till March next year? Because we will not go above the price ForCrowd received their shares at which as you know was 0.3582p
I hope I managed to make you smile at my last comment (about the hotel) because there is nothing to smile about being a LTH in CLEAR LEISURE.
RKB
Good Morning Allthatglitters
Part 3 off 3
4th Positive: Why are our legal fees capped at the low value of €35,000 in a potential claim of €10.8 million? Is it a case of you only have to be present in Court as it is a done deal? (re-read what has been communicated from RNS 13th Feb 2020) This clearly states Clear Leisure was the controlling shareholder of Sipiem and that the minority shareholder tried illegally to take control of Sipiem but on the 10th Feb 2020 in the Turin Court, Clear Leisure were assigned the controlling shareholder. This was fortuitous because the Venice High Court hearing was 5 days earlier and that set in motion the events that have since transpired where....
5th Positive: The Venice High Court appointed last week an Independent Expert to assess the potential value of damages.
6th Positive: Now when you re-visit the Mediapolis potential legal claim which FG said could be worth millions. FG has already shown his hand by offering €50,000 for the claim, we do not know if this will proceed to Court or if FG will actually be able to buy the claim for €50,000 but I am confident FG will have offered the Receiver a similar deal as the Sipiem Receiver (30%) and we will again have to probably wait till Covid-20 before we hear anything.
7th Positive: Not only do we have a €10.8 million Sipiem Court settlement being assessed by the Court Appointed Independent Expert we also have a Credit claim due from Ondaland of €238,000.
8th Positive: We have purchased the Sosushi claim worth €1,030,000 for €10,000 and our legal fees are capped at about €20,000 and FG estimates the potential return could be about €900,000.
9th Positive: We have some shares in Geosim, about 4.53% and on paper worth about €596K to Clear Leisure but substantially worth more to FG (if you know the history)
Conclusion: We will win the Sipiem Venice High Court Case and as the Independent Court Appointed Expert could take 4 months to compile his / her report this fits in just dandy for ForCrowd to have their dump and then acquire substantially more shares.
RKB
PS LtdAxis, our share-price will be held below 0.35p till the 1st March 2021 and then finally FG has his goal, do you feel lucky? Do you want to wait here for another 4 months?
PPS Just to be crystal clear the big sells were not sells.
Oh, almost forgot, Allthatglitters you will have to really shout as LtdAxis likes to get his point across and can’t bear seeing someone Post above his Post. I think the newspapers he sells are not selling as well as they used to due to lockdown but I hear the Local Council are putting certain people up in Hotels to keep them safe (from themselves)
Good Morning Allthatglitters
Part 2 off 3
What you have to factor in is the fact that ForCrowd sold shares in January at 0.25p but last December it was about 0.32p and 0.3p but when I informed FG in Dec / Jan (can’t recall when) that replacement shares cannot be issued below Nominal Value what happened in January was that the Bid was “held” all month at 0.25p (I have a list of the spreads from November last year till today) and we began January at 0.25p through to 17th when it went up on the day to 0.27p and then more or less hovered around 0.25p. But of course there is no way the Market was held back to accommodate ForCrowd to unload that was purely just coincidental.
It took until the 13th February 2020 before our share-price was above 0.25p and again only coincidental that “The Market” had to absorb their Dump.
It is not all doom and gloom and there are some positives that any potential Investor has to weigh-up.
To summarize, ForCrowd, ia not a good investment for us but good for the True Beneficial Holder of the shares that went originally to ForCrowd and by 28th February 2021 we will know how many (if any) shares ForCrowd still retain and we can estimate the damage this badly structured investment has cost LTH.
1st Positive: We will acknowledge the first instalment of the receipt of funds, CASH, in our Interim Results which are being released later this week. We will I believe post a Profit. I am not able to say how much profits as FG, RE, PR and a few others like to down-play everything for their own reasons which I can only hazard a guess as to why they constantly do this. We received €1,480,932 cash as our first instalment from the sale of the Land. From this FG paid himself oops sorry my mistake paid Eufingest €550,000 to reduce our Loans to them and because he charges us only Nominal Interest FG transferred from one pocket to the other about €11,157 in interest payments due on the Eufingest Loans.
2nd Positive: We will receive the balance of the Land money at some point but I think Covid-28 will be here first. The outstanding money we are due is allegedly €182,067 less €50,000 for the Legal Claim Bid.
3rd Positive: Because FG managed to cap our fees for the Sipiem Venice High Court Claim at €35,000 and only paid €50,000 to acquire this claim worth about €10.8 million then because the Sipiem Receiver will receive 30% of any claim paid out then there is a possibility that unbeknown to us (but known to Eufingest!) does Clear Leisure have a Creditor Position that we have inadvertently not been informed about? As we were diddled big-time at Sipiem (remember in 2015 we were about to acquire 100% of Ondaland then)
RKB
Good Morning Allthatglitters
Part 1 off 3
We have as at today officially 662,371,447 shares in issue and no shares in Treasury. So at our Bid price of 0.2p then we are “worth” £1,324,743.
Now we have no Warrants available as FG & RE our two Director’s Warrants expired in July this year.
Technically we should have issued more shares but FG has decided not to inform us when or if they were issued. Shares are due to be issued for half of FG’s salary which means £30,000 will convert (or have been converted) into shares. FG does not tend to take his salary sacrifice at the current underlying price and has in the past taken shares at a premium; 2015 @ 0.875p 2016 @ 0.82p 2017 @ 0.98p & 2018 @ 0.75p. Again when I spoke to FG in May this year and asked him why he had not yet converted his 2019 salary he said he was “not in a hurry to collect his shares as he has no intension of selling them”.
We also have as in my previous Post some shares (quite a few) to issue to ForCrowd and if our share-price remains below 0.3482p then it is my understanding that ForCrowd will sell all of their current 40,718,847 shareholding because FG gave them a gold-plated guarantee that we would reimburse them for 90% of their “paper losses”. I have posted in the past that FG can only issue replacement shares at minimum of our nominal value which is 0.25p so on a worst case if all the shares were sold at 0.25p then using only the 40.7 million above (it will be a lot more) then ForCrowd would only receive about £101,797. But technically ForCrowd took these shares at 0.3482p so they were worth about £141,783. So their loss on paper could be £39,986 and FG will hand them back shares for 90% of this “loss” in shares. The loss in this example would be £35,987 (minimum) and as shares cannot be issued below Nominal Value then ForCrowd would possibly receive about 14,394,927 shares. This is better than issuing Warrants to yourself as you issue some shares, no money changes hands, sell a first batch of shares and then sell the rest and then you have all your money back, although you never paid any money in the first place, receive actual money for your two dumps (who needs a Broker when you can implement that yourself!) and with the gold plated guarantee to make up the 90% paper losses you hand yourself replacement shares and that is a good deal for LTH?
To be continued.
RKB