Member Info for LtdAxis

It’s all positive Spary ....except the balance sheet .

But maybe that will change?

Drip drip drip ...

I don’t know what their plans are, but from memory they were one of the takers of the placing shares last summer. Maybe they’re just reducing their exposure and balancing portfolios . Fairly normal really and it seems like there is plenty of demand around these levels and a good opportunity for smaller investors who are prepared to take the risk. Better to buy a million @1.45p than 1.75p if you think it’s going to be 5p on good news ;)

Sold 1%

I'm sure he'll be back....

It feels like something is about to go pop here.....

This mornings RNS is undeniably a welcome piece of news for LTHs here.

Personally I have no intention of investing again here, or any other AIM stock and have taken any money I might be tempted to invest (and I was at 0.2p the other day!) off the table as whether good or bad news lands it seems with most AIM stocks price movements are controlled by some other background agenda.

Good luck for those who are sticking this out and I hope the journey is upwards.

With respect I don’t think so.

RKB:
I doubt it! To be capped at a very low fee only on a win basis for a case that could last years?
Strange, unless it’s been a tactic just to get it before the courts as cheaply as possible and then to bring in a bigger gun if they sniff a chance of success ?

The 199200 buyer didn’t seem patient enough to wait for the turnaround !

Thank you RKB.
News coming out via web interviews rather than RNSs is extremely unprofessional, as is a woefully out of date website .... and that’s just the start .
The coming weeks may see this flimsy house of cards blown away by Ciara and a breezy goodbye for FG on more fronts than just CLP.

Stubbornly refuse to acknowledge the reality....

I posted a few days ago that the average time in winding up/ liquidations in Italy is 7 years . I know in this case clp have ‘bought in’ to the litigation , but 1/2/3 years on top of the 4 already shouldn’t be a surprise.

I recently trawled through a long document describing the various procedures and rules in these cases, looking for any mention of the ‘certain circumstances’ which would allow the mediapolis liquidator to pay upfront 80% of the money they have received from the auctioneers before the process as a whole is completed . The fact I didn’t find it doesn’t mean it’s not there, but if the liquidator says no then expect a few years to go on that one and more legal challenges.

You know how AIM works A1M!

Just picked up about 200k if shares in 2 lots @1.45
News incoming is my guess ( the drop before the bounce) but we'll see....

He has no inside info. He is a speculator.

This subsidiary is wholly owned by CLP and appears to be where most of the actual 'old'business of CLP (prior to CL2017 ) is revealed, although I might be wrong on this and am happy to stand corrected.

On page 5 of the latest available accounts my interpretation is:

Investments: €557,149. (being mainly CLP's 4.53% stake in GEOSIM)
Debtors: €5,198,308 . This reduced by €1,300,000 after the Fortune cooke settlement. so the balance is what I think CLP expects to get from Mediapolis/Sipiem/Sosushi. 50% of best case scenario (at best)
Creditors: within this total there is this amount €41,748,795 owed to group undertakings. I mentioned this a few days ago and it seemed to be brushed aside, but it doesn't seem too unreasonable to speculate what the €41.7 million owed to group undertakings might actually be?

Is it not out of the question that we are being counter sued for large amounts of money that under the guise of subsidiary companies is not being disclosed to shareholders of CLP? This might be far fetched and erroneous, but it seems to me that a reason for the ridiculous complexity in this web of subsidiary companies is to hide the elephant in the room.

The Miner One section on the CLP website remains woefully out of date and hasn't been updated for a long time.
This is strange, because on paper it has been a debacle (yes another one). You would have thought it would be quietly dropped as one of the 4 main investment areas as highlighted on the home page.

Why would this be. Most likely just gross incompetence and bad presentation ( the Sipiem and Mediaplis sections are also very out of date.). I mean if anyone seriously wanted to invest in CLP and read the website then asked some further questions would be entitle to ask why is the company presenting a front of house which simply isn't true.

Unless of course that is the whole point of CLP. Present a good front (if possible) to mask what is going on behind the scenes.

Is there actually any proof the we bought these mining units and if so that they were turned on? In truth there is no proof whatsoever, and yet €250,000 disappeared for €1.

Nothing has happened here as the company is apparently dormant and has no record of any assets but CLP became the company with significant control at the end of December.

The Infusions (2002,2009,2012) are not now directly affiliated to CLP (2002 was linked to Brainspark and had the stake in Geosim back in the day). But all have FG as director now.
2002 controls 2009, which in turn controls 2012. And who controls 2002, and therefor the lot... Eufingest.

When they were late filing their confirmation statement in 2017 compulsory strike off action was taken and Haresh Kanabar swiftly removed as director . The action was discontinued when the statement was issued shortly after , with a full list of shareholders ( interesting read)
This year the statement is over 2 months late and the accounts of connected 2002ltd overdue, but as yet no action has been taken . This may have nothing directly to do with CLP, but why does 2009ltd have 1.2 billion shares ( nominal value £12). Seems a lot of investors, although the company profile is ‘ activities of other holding companies not elsewhere disclosed’
2002ltd is owned by Eufingest and in turn owns 2009ltd .
FG is director of all and also ATM lotteries corporations, which has the controlling stake in 2009ltd .
Geosim has be bundled and tossed between them since brainspark days ( currently held by clp’s subsidiary’Brainspark Associates’)
Why is it such a hot potato. Who actually owns what and why.
Answers down at the 19th...