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Clear Leisure Plc - Update on Mediapolis Land Auction Appeal
PR Newswire

London, October 1

01 October 2018

Clear Leisure Plc

(“Clear Leisure” or “the Company”)

Update on Mediapolis Land Auction Appeal

The Board of Clear Leisure (AIM: CLP) wishes to announce that at the first hearing of the appeal against the decision of the auctioneer to reject the Company’s request to have the Mediapolis land assigned to the Company, the Judge of the Ivrea Court confirmed that he will rule on the matter within the next 10 business days.

One can run around the whole market and trade their way to profit or ruin for the next three months. on the other hand CLP has just given you a three month waiting game which is a no brainer multiple of today's price. No need personally now to go anywhere else.

euclid55

Can you show me a breakdown of your figures mate? Slightly confused. There is only £6.9m worth of debt, and they do not have the authority to issue that many shares anyway (your quote is 233m). They are authorised up to £500k.

Surprised

The re-rate is a foregone conclusion. MM are doing what MMs do best. Make a market. They know at each level upwards there will be sellers and new buyers. They will also restrict buying and selling to extract the maximum amount of business. After all if the price shot up to 3.76p in one hit there would be no profits for them. They need to allow this to adjust slowly. If other news hits us then they will need to deal with it.

3.76p is nailed on and only needs the bondholders approval. I am sure our largest holder who only this Friday were happy to give another 3 months on their loan repayment, will easily agree to the bond conversion. That is my opinion.

MrBasse

There seems a long term distressed seller who needs to be removed and once done the price will begin journey. The buyers today are not stupid. Patience is going to pay off. The entire bond debt can be wiped off, and it just needs EU the biggest holder to agree which to me is a foregone conclusion.

£.6.4m worth of debt just gone.

Neil7 Let them sell. You have to focus on your own strategy. Right now the company has said we have given the green light for clearing debt and we now have given notice to bondholders. Bondholders have to just say yes, and remember one of the bondholders (in fact the biggest shareholder), has just agreed to have the date on their loan repayment moved to Dec 2018!

That says it all really.

£6.4m worth debt just went up in smoke!! We are now going forward as a new machine. We will get further news but the price has to adjust to 3.76p. That much is clear.

Remember posters this is just bond conversion. Imagine if we get in any other compensation payment new we are also waiting on?. Now if they come in as well, any time your grand kids can retire!!

KNIGELK

I thought I was reading this wrong but you and I have come to the same calculation. I also get 3.76p. This certainly needs to adjust upwards now.

I think RKB 9005Nelson is "sailing too close to the wind" LOL

Like you say BTB, big brother OK to wait till Dec 2018. What is between now and then that they are fine with waiting?

This morning there have been two RNS in case you only saw one.

Strange trades and some strange price movements. Worth keeping an eye on. First large 1.4m nothing. Two sells and bid drops (ok ). Then one sell of 16 drops bid again. Now buy of 750k and ask drops!

Have a few minutes so will be watching.

In the last 34 sessions since we announced the change in bond conversion percentages. We have ended up as follows. 9 sessions up, 9 sessions equal, and 15 sessions down. The breakdown is as follows (first digit is ups, second is equals, and third digit on a particular day is down:

Mon 0 2 3
Tues 5 2 0
Weds 1 3 3
Thurs 3 1 3
Fri 0 1 6

I have today's in the Friday column already as down even though we still have most of the day to go. So as an example Friday. In the last 7 Fridays we have never ended up, only once we have been level or equal, and 6 times we have ended down on the day. Tuesday are our best days.

SillyBagger we were closed at a 10 day average yesterday of 0.818 and we have closed at the same point today. That is after 18 consecutive days of rising. So we need something to push us on from tomorrow. In that time the average has gone from 0.712 to 0.818. Keeping track in case EU get forced to trigger their conversion.

I am glued watching the last 10 mins, because I hope the market is aware that to keep the 10 day average rising we need to get the price up another 1/100th of a penny. Its that tight! Good amount of big volume but we need a proper catalyst. Lets see what happens.

There are two types of posters right now on this BB; those who allow their decisions to be dictated by their own thoughts. Those thoughts are based on previous experiences and those previous experience are the sum of that person. They know if they are confident or doubting in their analysis or not. They may go off topic because it feels there is something to talk about because, well we just need to talk about……

The second poster is the one who strings crumbs together or news or goes away with what the company has said and tries to gain a picture. Here very little opinion is allowed as the facts speak for themselves. They are not interested in the current price but they are more in tune with the final outcome. That is where the actual reward lies. A trade here or a trade there has no significance whatsoever. They sold this and told no one or bought back without telling anyone- do you honestly think a fact finder is interested? Markets are forever on the move, why as I type for all I know an RNS could have landed.

You see everyone knows they cannot hide from themselves. They may lie to others about who they really are but their own strengths and deficiency cannot be hidden from the true self. There has been so much BS written in the last 24 hours and then there are small gems in between them. The gems then stand out for those doing a detailed research when the filter button is used temporarily.

For the those who WANT to know. Last night we closed on the 10 day average price on 0.807p. That is a rise on the previous session, which means the average for conversion is going up. What does that mean? It means that with EU not converting (and they cannot while they lie above the 120m level) they lost potentially another 1m shares yesterday. With the passing of the conversion ratios, the 125% now stands at 1.0087p, and the 500% stands at 4.035p. This means even with the drop yesterday and some crying “is that it?” or “I would have expected a better close based on the news”, we are actually still rising on the issue that really matters – Bond Conversion!

If we get further news then great, if we don’t then we look towards pointers.

The 10 day average price now stands at 0.8p with conversions at 125% standing at 1p, and at 500% standing at 4p.

Guys if you have not already looked at the documents check one of my earlier posts regarding the link. You need to get your skates on as we get closer to what could be company changing stuff.

Very good observation RKB. The downloads shows how many are sitting off the BB and constructively reacting. They would have put those dates in the download if they were not serious. Profitable to those who can sense that the dates and what its referring to, will soon become clear.

As RKB has already said look for dates (that actually is the clue) . A few buyers this morning must have picked up on that hence the confidence and size of trades.

http://www.gruppomediapolis.it/download/

Now guys, if you are smart you will see very interesting clue in the documents. Something a couple of respected posters picked up on. I am not sticking them on here in case it causes the mother of all buying. Everyone should get a chance to have a slice of the cake. Clue is though someone definitely wants that land!