Member Info for countingcards

I think a lot of people are fixated on the price and normally I would say that’s good reason since you are the holder of those shares. However over this period the main focus should be what news? And what will it do for the price? Price watching alone without taking into consideration other factors will not give you the true picture.

If you go on price alone you will frustrate yourself and many by the looks of their posts are showing mild symptoms. The price will move either up or down but what really is interesting is that given we know that a 10 day average price can be triggered at any time, that 10 day average has moved up 10 days in a row, and today even without any movement will again rise, as an example today. This will be good given the conversion levels.

FG has at his disposal 120m shares only, maybe even a lot less given we have already touched on he needs his salary and there is the question of small UK investor. So this would be a concern to EU as they will get less shares should they delay conversion. Now given this, EU simply cannot convert at present given that to wipe out the entire debt would mean they would need to convert 177,492,013 (as of last night’s close) and given we only have 120,000,000 those figures are out of synch. EU are also over a barrel since that 120,000,000 has the potential to be eaten into, as already touched on. So they need to be converted asap, but at the same time the price HAS to rise to meet that conversion. So what will be catalyst to get that to happen? This is why I said, price watching alone is taking attention away from what is potentially being played out.

Therefore price watching alone is not enough unless you are looking to make 10-20% so then I appreciate your view. The daily average is what most savvy guys are looking at. The close on Tues 4th was 0.767p. Yesterday’s close without any movement was 0.7775p. It’s gradually moving up, and we are awaiting news on a few fronts so confident that figure will be smashed. It has to be smashed otherwise those meeting on Bonds would be a waste of time, and EU will be left hanging out to dry. So yes the upcoming meeting will make a difference.

RKB

Gave it some thought although I know I will be missing another vital component. I would point to the advantage for EU would be:

1. They will own close to more than 30% in which case they have to make a takeover. Currently sitting on 16.82%
2. The bonds conversion will clear the Bond issue and debt for CLP.
3. Going forward CLP will gain cash from any settlements in court, outside court, and also land.
4. They have the attraction of large tax losses which can be offset against future profits.

All look attractive but I know I am missing on something else but working on it mate.

Currently nothing but a sea of buys and quiet healthy as well. If we close here bondholders drop another 2m shares. If the prices today and nothing to suggest it won't then the bondholders will drop a few more million shares. getting closer to that 120m at which time conversion become a real positive issue.

RKB

Nice post and I noticed one seller who could not hold on for more than two hours today. Everyone is entitled to do as they want but it would help if they could see how the cards are being placed on the table, otherwise they really have missed the bigger picture.

I estimate that if the price were to remain in this area of 0.8-085p by Friday, any potential Bondholders will have lost another 5 million potential shares. Given that FG can only allocate 120m approx., then those two figures are out of synch, given to wipe down the bonds currently stands at 179m. This means the whole conversion cannot take place currently. It can only mean one thing, the price of CLP HAS to adjust upwards to drop the allocation even further and bring it into line with the 120m, or even less than that given that FG has salary commitments linked to the amount that can be allocated.

Now if FG salary and also the small issue of a UK private investor are taken into account I would assume that 120m figure would drop even more and I am sure you will kindly correct me on this. If the answer is yes it would mean the price has a serious long way upwards and 8p+ is no longer just pie in the sky figure. That would mean to get that sort of figure we would need to average just under 2p soon.

I wonder if you can clear up another issue mate. Do you mean only EU bondholders will get 66m? or the entire bondholders? You say this was a previous estimation?

The example of Newtons Cradle is bang on, and to relate, given that price increase will also affect the two percentage ratios on price.

Imagine if FG has to allocate a lot less shares than the 120m he has at his disposal (minus salary requirements plus UK investor)? I am not even going to put down a price here in fear that those who cannot read accuse me of ramping!

Look forward to any reply RKB and also thanks for data, gives a lot to ponder over.

Steve888

No idea how to pm on here sorry, but I have a generic account satoship12345************

RKB excellent post and a couple of things open to ponder over.

Interesting that the previous holding RNS’s from EU, had EU holdings stated on them. However the last RNS has a breakdown of all the holdings. Instead names were individually stated alongside their holdings.

The strange thing as well was EU had not bought any more shares nor sold any, but had to disclose through an RNS a holding which had changed 2 months back?Now why would you do that? I understand the placing may have changed their percentage holding.

I think we can safely say and your posts have added the missing pieces for me, and for me you don’t put out an RNS like their last one unless something else positive is about to hit us. It was staring us in the face and not many picked up on it. I think I have cracked the ‘surprise’ but if some want 10% only let them have it.

BTB This stock is no longer on the trader radar which is evident by the lack of trades and volume. For those with a more bigger horizon, those with time, and those who actually understand the plan that is happening here, this stock is definitely in play on their radar.

I am that confident, it really is a waste of BB space and time just replying to those egging others for a response. To reply would give them ammunition, like a good poker player that you are not confident with your own hand (nvestment). They base their decisions on the responses we give them. Stick with CLP.

Here is the piece:

Here's our minnow for this week, Clear Leisure:

Through its subsidiary Miner One claims to be the “first company on AIM to extract bitcoins”.

Clear Leisure has done this by setting up shop in Serbia in January, pumping €350,000 into paying for data mining computers and infrastructure in the Balkan country.

The firm chose Serbia as energy is a third cheaper than in Western Europe and Bitcoin mining requires huge amounts of power and energy.

The company said it has mined fractions of a Bitcoin and is close to mining a whole one. The target is to mine 25 bitcoins quickly, although no specific timeframe has been set.

Chief executive Francesco Gardin said: “There are only 21 million Bitcoins so these assets will become very valuable. Bitcoins are unique and finite and will be a highly tradable asset.”

Gardin says it’s wrong to pigeonhole Bitcoin as a pure currency, adding that Clear Lesiure’s business model is based more on mining industry players like Glencore.
He plans to set-up a Bitcoin trading arm once the firm has mined enough of the cryptocurrency.

“Like the mining industry you either sell the metals straight away or set-up a mining trading company. We plan to build up a team that has knowledge of what is still a very early stage market.”

Clear Leisure does have downsides, as it started life as a property investment vehicle. It still has assets left over and it has been hamstrung by a string of disappointments from its Italian portfolio.

Gardin says the goal is to sell these investments at a fair price and focus solely on cryptocurrency opportunities.

Nice day to go on holiday

Recent General Meeting. Nobody noticed that the authority to issue shares for nominal value £500K (200 million maximum) has been granted for three years. Not normal practice but thats what we voted for.

Recent Share Placings / Issues. 29/05/18 £600K issued 63,157,890 30/05/18 settlement of interest to Peter McBride 8,263,250 for £91,722 and €100,000 to 64 Bit 7,868,130. Total issued 79,289,270. FG & RE warrants could issue 13 million. FG salary could issue 3 million. Balance left from 200 million over next three years = 104,710,730.

Bond Conversions will not now be at 15p but at about 6.5p. Look at it from a placing point of view. We owe €6.9 million on the Bonds with interest at only 1% we could say in total no more than £6.6 million. If we had a similar placing as at 23/05/18 when we raised £600K we would / could have (if there was sufficient nominal capital) placed 11 times the £600K i.e. £6.6 million and if placed at the same price of 0.95p then we would have had to place 11 times the amount of shares i.e. 694,736,790 and assuming no brokers fee we would have raised £6.6 million and paid the cash to the Bond Holders.

Well FG is going to do a discounted placing at a premium. He only has about 105 million shares to play with and if he were to issue 100 million shares at 6.5p then Bond Holders are repaid in shares. The day traders and the derampers can do their stuff but I am 100% confident Bond Holders will be repaid at between 6.5P and 15p but closer to 6.5p. It does pay dividends when you attend AGMs, you get to vote, you can ask questions and you can look someone in the eye.

RKB

PS Francesco and Reginald apologies for breaking my Bond but I could not let this BB be taken down by derampers and tarnish your sterling work.

Nice day to go on holiday

Before I leave at 5:30am to travel from Glasgow to France via Channel Tunnel, I thought I would update you on what I have been up to.

I attempted to buy the Land. FG was kept fully appraised of my intentions and as you know someone (not me) put in a bid. I stumbled at the arrangement fee from the Bank but it was advantageous for me as I was in communication with the Auctioneer (which was enlightening)

There were only two shareholders at the AGM, myself and a Mr SC. Mr SC did not bring ID and did not bring proof of his shareholdings so he was not allowed to vote. All formal business was over very quickly and then I asked FG & RE some questions that I felt needed to be answered and they were.

I would like to point out that when FG entered the room about 3 or 4 mins before midday he was looking very confident and relaxed.

After I asked all my questions MR SC asked one question 5 times and even I had to point out the obvious to Mr SC that the BoD would not disclose anything that was not already in the public domain. After about 20 minutes of Mr SC repeating his one same question the meeting was brought to a close. I had a 15 or 20 minute private meeting with FG and then I came back into the room and spoke with RE for 5 mins. Mr SC was still in his seat he had not moved one inch in 75 minutes and it appeared to me that he wanted to bend somebodys ear.

Last Friday RNS about the Land appeal is good news. Really it is excellent news. I predict that after 25th November the bidder will walk away and the legal process to transfer the Land to CLP 2017 will begin.

Mondays RNS. More excellent news. If you were to read my Bond post from the Monday after the results were issued you would see that in the Annual Results it said the Bonds could convert at 15p. Now we know otherwise. It appears that in June the conversion was amended and now it appears it will be amended again.

RKB

Rusty hope you are well mate. Will promise to catch up but bit caught up this weekend. VELA done well on that and no doubt will do in the future and it had nothing to do with anything Presto passed on. If it was we would have all done badly. BLU is another good case, but they have their own timetables nothing to do with Presto and co. They can say what they want but one thing they useless at is working out how markets react and move and when? What I found annoying is how this one individual processed information and presented it.

One good thing is their disgraceful actions has rallied others to defend each other, and we have good people to share relevant information.

Veira I don't take anything Presto says as important, just entertaining. The minute they say they are buying take it as a sell confirmed on any small rise.

Would that then mean your last post is also included? as I don't agree on price range you printed, MM behaviour, or too concerned about the BTC operations. Always fine to see another point of view. I was that ultra confident I sold up BLU to come over here. That tells me a lot about me.

Presto

So much on this gives me confidence we will get good deals. I saw your earlier post about news being months away, and within minutes of your post news arrived!LOL. Thats life. Good things come to those who wait.

BTB

Whichever way you see it that vote will go through. Given the percentage changes it gives scope for the price to move to a level which is acceptable to everyone. Interesting for me was that an after hour 500k was announced on Thursday. Is it that tight on volume that they had announce a deal like that after hours? Yesteday we got hardly any volume and we held steady. Its not one the day trader is going to risk I believe. Now we can get the smart ones buying knowing this area has been done.

received mate thanks

Rusty

You have email mate or on whatsapp? Can get my details of RKB.

Nice day to go on holiday

Recent General Meeting. Nobody noticed that the authority to issue shares for nominal value £500K (200 million maximum) has been granted for three years. Not normal practice but thats what we voted for.

Recent Share Placings / Issues. 29/05/18 £600K issued 63,157,890 30/05/18 settlement of interest to Peter McBride 8,263,250 for £91,722 and €100,000 to 64 Bit 7,868,130. Total issued 79,289,270. FG & RE warrants could issue 13 million. FG salary could issue 3 million. Balance left from 200 million over next three years = 104,710,730.

Bond Conversions will not now be at 15p but at about 6.5p. Look at it from a placing point of view. We owe €6.9 million on the Bonds with interest at only 1% we could say in total no more than £6.6 million. If we had a similar placing as at 23/05/18 when we raised £600K we would / could have (if there was sufficient nominal capital) placed 11 times the £600K i.e. £6.6 million and if placed at the same price of 0.95p then we would have had to place 11 times the amount of shares i.e. 694,736,790 and assuming no brokers fee we would have raised £6.6 million and paid the cash to the Bond Holders.

Well FG is going to do a discounted placing at a premium. He only has about 105 million shares to play with and if he were to issue 100 million shares at 6.5p then Bond Holders are repaid in shares. The day traders and the derampers can do their stuff but I am 100% confident Bond Holders will be repaid at between 6.5P and 15p but closer to 6.5p. It does pay dividends when you attend AGMs, you get to vote, you can ask questions and you can look someone in the eye.

RKB

PS Francesco and Reginald apologies for breaking my Bond but I could not let this BB be taken down by derampers and tarnish your sterling work.

Nice day to go on holiday

Before I leave at 5:30am to travel from Glasgow to France via Channel Tunnel, I thought I would update you on what I have been up to.

I attempted to buy the Land. FG was kept fully appraised of my intentions and as you know someone (not me) put in a bid. I stumbled at the arrangement fee from the Bank but it was advantageous for me as I was in communication with the Auctioneer (which was enlightening)

There were only two shareholders at the AGM, myself and a Mr SC. Mr SC did not bring ID and did not bring proof of his shareholdings so he was not allowed to vote. All formal business was over very quickly and then I asked FG & RE some questions that I felt needed to be answered and they were.

I would like to point out that when FG entered the room about 3 or 4 mins before midday he was looking very confident and relaxed.

After I asked all my questions MR SC asked one question 5 times and even I had to point out the obvious to Mr SC that the BoD would not disclose anything that was not already in the public domain. After about 20 minutes of Mr SC repeating his one same question the meeting was brought to a close. I had a 15 or 20 minute private meeting with FG and then I came back into the room and spoke with RE for 5 mins. Mr SC was still in his seat he had not moved one inch in 75 minutes and it appeared to me that he wanted to bend somebodys ear.

Last Friday RNS about the Land appeal is good news. Really it is excellent news. I predict that after 25th November the bidder will walk away and the legal process to transfer the Land to CLP 2017 will begin.

Mondays RNS. More excellent news. If you were to read my Bond post from the Monday after the results were issued you would see that in the Annual Results it said the Bonds could convert at 15p. Now we know otherwise. It appears that in June the conversion was amended and now it appears it will be amended again.

RKB

Rusty good to see your posts mate.

Marco Coppini has actually not sold one share. I think someone else pointed out that the placings diluted holdings, so it now stands at 16.82% of which Marco is a holder of 2.34%. The rest are all Eufingest SA, in two seperate holdings.

Sadly no funds for me available to buy more but more than happy to have the average and holding at this level.

If I were the directors I would call for a suspension, but make sure all the IQ deprived sell first, and send out as much as possible to scare them out. Then suspend and re-rate.