RE: Big bale put13 Feb 2021 18:56
I must admit jumped in without research - now looked at some RNSs - (nothing to report that LTH don't know )
First one back in April 2000 stated company started as Brainspark plc
"Brainspark has been admitted to AIM following the successful completion of an
institutional placing of 16 million Ordinary Shares at 125p per share, raising
£18.4 million net. At the Placing Price, Brainspark is capitalised at £153.9
million."
5 Dec 2012 change of name to Clear Leisure plc
31 July 2015 appointment of Mr. Francesco Gardin as a Chief Executive Officer and Chairman of the Board. Francesco Gardin had served as Chairman of the Clear Leisure (formerly Brainspark PLC) from 2002 until February 2011 and has remained in close contact with the Company since this time.
19th October 2020 Final For the Year Ended 31 December 2019 & Restoration of Trading ; accounting errors reported. On the plus side "2019 saw the Company shift its focus towards new investment opportunities within the technology sector and to date, we have made several such investments. We remain committed to returning value to shareholders as our ultimate goal and remain positive on two fronts; firstly that our technology investments are considered sound, and secondly, that our ongoing legal claims have strong merit for success.”
9 November 2020 The board of Clear Leisure (AIM: CLP) is pleased to announce that the Company has entered into a binding agreement with Eufingest SA (“Eufingest”) to convert all Eufingest's outstanding loans plus accrued interest to date, amounting to €3,423,707 (the “Eufingest Loans”) into either the Company’s Zero Coupon Bond or a new, similar bond security (“the Bond”) with a maturity date of 15 December 2022 and a yield to maturity of 1%. As part of the agreement with Eufingest, the Company will provide a security over any proceeds arising from the Company’s claim against Sipiem (referred to most recently in the Company's announcement of 27 October 2020). It has also been agreed that Eufingest will have the right to convert, at any time, the Bond into new Clear Leisure ordinary shares at a conversion price of 1p per ordinary share. Eufingest already holds €3m of the Zero Coupon Bond the total face value of which currently in issue is €4.8m.
11 Feb 2021 "The board of Clear Leisure (AIM: CLP) is pleased to announce that it has today raised £680,000 (before expenses) through the placing of 113,333,333 new ordinary shares of 0.25 pence each in the Company (“Placing Shares”) at a price of 0.60 pence per share (the “Placing”)."Following admission of the Placing Shares, the Company’s enlarged issued share capital will comprise 775,704,780 ordinary shares of 0.25 pence each.
Looks like this company can go on and on and on. My feeling now is that I have placed a red or black bet. I am waiting for the spinning wheel to stop to see where the ball settles within a very short time scale. Hmm!