Clear Leisure Share Price (CLP)

My point being it’s quite extraordinary that 3 months later the website is not updated
( haven’t looked today)

Hello crypto: it was from Clear Leisure’s website, but was previously RNS’d.
I was highlighting the fact they are still promoting Miner One as a going concern 50/50 with 64bit and Marco Mira .
His stake has since been bought back for €1 as per RNS of 23 August :

“ 100% Acquisition of Crypto Data Centre

Following the business update of 19 August 2019, the Company is pleased to confirm that it has now signed an agreement with its Joint Venture partner, 64Bit Ltd, whereby the partner has agreed to sell its 50% holding in the data centre for the price of €1, including the pro rata assignment of the Bitcoins and Litecoins mined to date. Therefore, the Company now owns 100% of the data centre.

The nominal settlement price, under the termination agreement, reflects the acknowledgement by 64Bit Ltd of its mismanagement of the Joint Venture operations, including a wrongful allocation of the partnership’s resources, mainly during the start-up phase. Clear Leisure was made aware of these issues, through its own investigations into how it could increase the performance of the data centre, including the board speaking with similar sized businesses in the industry. The result of these investigations helped identify the specific problems, leading to the termination of the Joint Venture.

The data centre remains on care and maintenance although the recent rise in the price of Bitcoin has encouraged the Company to reassess its options for recommencing production under Miner One Limited’s supervision, utilising innovative mining strategies, involving new types of machines to mine different cryptocurrencies, as well as the more familiar Bitcoins and Litecoins.

Clear Leisure has also begun discussions with IT consultant companies to determine the most viable option for outsourcing the operations of the data centre to a new partner. Possible outcomes, should the Company choose not to operate the data centre itself, could result in the data centre being rented to a third party, or selling it to a larger crypto mining operator.

The Board’s decision will mostly depend on the availability of alternative low-cost power locations, in Serbia or nearby countries, which can provide electricity at a level which will make the operation profitable. The current location is no longer available to the Company.

Francesco Gardin, CEO and Executive Chairman of Clear Leisure, commented, “Despite market and mining conditions remaining difficult compared to when the data centre operations commenced last year, the recent announcements of new initiatives in the sector, namely Facebook’s Libra and Binance’s Venus Stablecoin projects, appear to be having a strong positive impact on the price of cryptocurrencies. The trend towards wider acceptance of cryptocurrencies as a means of exchange and store of value, particularly in those regions which have a high unbanked population rate, continues to rise.”

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For further information please contact:

Clear Leisu

Dear LtdAxis where do you get the info regarding Marco Mirra: "This is the guy that totally messed up the whole miner one venture"?

RKB
It must have been a very stiff consultation with the medical board to facilitate a 10% increase this morning
Well done sir
Chris

Milton Jones: “they fitted my grandad with a lead pacemaker but unfortunately he died...we buried him with a heavy heart..”