Member Info for LtdAxis

I see a few more million sells this morning!

Just been looking through CL17's latest accounts and notice their equity has halved.

Would have around 5.3% if they still hold all...not far off the Vidacos nominees %. I had assumed converted bondholders had their shares there, but maybe not . I don’t remember PBV ever being on the list in their own name . Is there an archive of these %s anywhere ??

Lawshares nominees has disappeared , so whoever held shares with them has sold ( at least to below 3%) and one can assume that was probably a single holder , but when hidden behind the cloak of nominee accounts then lots can go on as they seem to not have to make any threshold declarations ....

Looks possibly like PVB have been the ones offloading? Were they not under Lawshares nominees before?

I'm assuming the €3,740,000 total debt including interest as per this mornings RNS includes the unconverted bonds held by Eufingest?

100% + from these levels iwould be a good trade but not not for those originally bought in at much higher prices .

I have worked on assumption that a best case scenario is that any cash recovered will just about clear the bulk of our debts. If some more of the bonds are converted to shares then that would improve the balance sheet too, but I would guess a NAV of about £1.5 to 2.5 m divided by about 750m shares would give a SP of around 0.2p to 0.33 as a base. If any of our new ventures prove, for once, to be income generating then sentiment might start to push the price back up to 0.5/0.6.
I know thats quite a pessimistic outlook, but I don't think the market has been that far out in pricing this, and it was only unreasonably high expectations over Mediapolis in particular that inflated the price artificially in recent years.
There is however always the chance that the money coming in will exceed expectations but if you read the RNS's they have dampened down expectations and the focus has shifted to new ventures.

I suppose they could be shuffled from CLP to CL17 before an RTO...so the cash would still be in the bank but they still on paper had not made a profit.

But Fg is on the board of PVB. We currently only hold a small % there, but presumably there must be a threshold at which one could say those companies are legitimately grouped before a RTO? Or are you just saying its a no goer from every angle?

So Eezy...

IF CLP and CL17 can said to be 'grouped' for taxation purposes and in the period between say 2017 and 2020 CLP posts €10m losses and CL17 brings in €10m profit in cash recoveries (another big IF), then according to a brief scan of the manual you kindly directed us to then if CL17 were bought out by another company such as Eufingest, they could claim those €10m of CLP losses for that period, subject to cross border rules etc. If. I was HMRC I would take a dim view of it if it were possible and so should investors too as it does suggest a long held concern of mine that the cash comes in and then just goes out again to another company and CLP will be left high and dry. Eufungest have CL17 as security against their loans. So what's to stop them turning off the cash tap when(IF) the money comes in, and CLP defaults on its loans and eufingest gets CL17...and also CLP's tax losses for that period.

At least this is more of a discussion rather than a slanging match.....

I think PVB monitor has been touted as a candidate but as I believe its not a UK listed company I can't immediately see if those losses could be transferable, especially after the 31st ??

If CLP and CL17 split, could one utilise the tax losses of the other ?

Eezy does make some valid points regardless of his motives and to often valid points (as I have found) are dismissed out of hand purely because posters concentrate on the motive for posting them, rather than considering their validity.

It’s one thing to state we have millions of tax losses that could be utilised in a RTO. It’s another issue as to whether there are any companies in our field that could legitimately use them . And what exactly is our field?

Yes

The 1186214 was a buy (marked as sell on HL)

Did you actually believe that interview Spary?

Its common to think the price is crazy and there is some kind of manipulation going on when the share price is a lot lower than people bought in at. But sometimes its just as simple as the share price reflecting a market opinion that a company is just not worth very much.

Is actually down to 0.16p now for anything over £2's worth of shares. Unbelievable really.

Trade looks like a buy as I could sell more than that for 1.50 only at around the same time.

The market disagrees however...

Our NAV takes into account expected money coming in less our debt so it’s completely false to expect our Mcap to go from 1 m to 8/9 m
We are trading below NAV but it’s hard to judge whether buying the claim and our new crowdfunding venture are improvements or not just yet . I hope they are .

I think you can take a rest from posting the same thing day after day Spary .
...and it’s max 70% of €10.8m
....and the€1m + will be a poor overall return from mediapolis, if we ever get that . I wonder what the overall legal costs have been, over those already taken into account .