Member Info for RKBeekeeper

Background to First Charge Good Morning Pablow2 CLP have first charge on the Land so we are the only secured creditor. There is a small creditor that is ranked second who are due their Euro 165,718 after CLP via their CLP2017 subsidiary is repaid their Euro 2,678,357. Then out of all the unsecured creditors CLP have claim on Euro 8,211,897 out of a total of Euro 8,749,860 so any funds available for distribution after secured creditor (CLP2017) and the other small creditor (165,718) we get 93.85%. I have been to Italy, I was on the Land, it is massive and FG will still want to obtain title to this Land. I also visited Ondaland and it is well run and extremely profitable and I am confident FG will retrieve the 6 or 8 million Euro that the guy who has been more than a little remiss in not handing us our share of the revenue. The Market has totally not understood the significance of next weeks Bond Holders meeting and I can say with confidence that it is a done deal (we know this from the numbers published) and soon CLP will have almost no debt and funds (i.e. cash coming in from multiple sources: Mediapolis, Ondaland, Court Cases too numerous to mention, Bitcoin and ICO) RKB PS It appears to have been picked up in a Post by RachelsDad, Mediapolis had yes had 10 Sardinian Villas valued at Euro 5 million but no mortgage first charge lodged with liquidator so I conclude they are mortgage free and available to be disposed of by the Liquidator. What is 93.85% of 5 million after liquidators fees?

Excellent RNS FG has put out in todays RNS something that I really like: The Company will shortly commence negotiations with the receiver to establish the most appropriate strategy to ensure a satisfactory conclusion is reached for Clear Leisure and the other creditors of Mediapolis. What I would hope FG achieves is that CLP offer to exchange somehow our first charge on the land for the land and offer some additional money (to ensure CLP secures the land) and then gets most of the money offered back as 94 cents in the Euro. (technically 93.85 cents) RKB

Beekeeper still invested Hello, I am still here. I have not sold one share and still hold my entire original stake. I stopped counting shares on 17th May 2018 so I presume the 18th was a day of hundereds of trades. Between 16th January 2018 and 17th May I counted and recorded about 1,079 trades on LSE and NEX. The volumes were about 1,099,437,33 but the buys were 591,388,747 and the sells 508,048,586 (this is after correcting obvious errors) We all know that the buys and sells have to balance out so I concluded that the information logged as buys and sells was not accurate. MM have to make a living and alter the spread to create a market and some PIs just make their decision to buy or sell on recent trades (that is their choice) I only occasionally read this BB and will only contribute if I have something that I think is worth Posting. I still believe in PRIM and will remain a LTH. I am not attending the AGM as anything I need to know or ask I have that information. RKB PS Bythesea, it could be because of comments like yours yesterday that I refrain from Posting. If you had just left the one comment like you did on Sunday I would have Posted on Monday. I do proper research and most Posters do almost none and I see no value in sharing research if it will only elicit comments like yours on Monday.

Ian Hallett I note that Ian Hallett has reduced his shareholding. Last year he always issued his TR1s quickly and sometimes even during the day that he crossed a threshold. I calculate that Mr H has reduced his holding by about 46.6 million but the volumes over late last week do not record that volume of shares. I personally do not hold shares at the moment myself but I control a small amount via a family member. I keep a close watch on MDZ as I believe it is an excellent company and I have said in the past their website is one of the best there is. Could Mr H have been re-buffed by BoD for a Directors Position? If so what is his back-up plan? Does Mr H want to poke Lance O�Neill a little? (With further reductions on his current shareholding of 15.63%) If Mr H was to continue to unload would this result in a Board-room shuffle? RKB

Euro 58 Million Available Good Morning Dshox From the Interim Results (published 18 September 2017) as at 30th June 2017 we had available Euro 57,738,000 of tax and capital losses to off-set against future profits. I think the reason why Posters quote 60 million is because they have not factored in that last year at the interims we actually reported a profit of Euro 2,140,000 and as we were not liable for Corporation Tax no Tax was paid to HMRC. (you add the 2.14 million to the 57.74 to get the 60 million) In the second half of last year FG also negotiated debt reduction which will result in Euro 3.8 million profits. I am not aware of how the Auditors will view on the balance sheet the value of the Land. FG has clearly flagged this up on our Website and is alluding to a reduction of 2.7 million. We may also see the removal of the cash at the bank of Euro 1.37 million (money held in escrow account at Mediapolis SpA) Because of the liquidation of Mediapolis SpA it is too difficult for me to accurately predict exactly how much profit will be declared for 2017 but I can say with complete accuracy that no Corporation Tax will be paid. Footnote: ORH SpA, the Hotel Chain. FG has always listed this asset under the heading of Portfolio Companies and in the 2015 Annual Results he just said the company continues to pursue a claim against various entities. The previous BoD only had a small mention about ORH Spa in the 2014 Annual Accounts (see note 13 discontinued operations) You have to read the note 13 and then look at what FG has consistently said about his pursuit of this asset. FG always has something to say and in the 2016 Annual Accounts he states that the amount we are pursuing is Euro 6 million. I am pleased that FG has consistently pursued the various entities for their short-comings (my words) and I look forward to eventually seeing them taken to task and LTH being duly compensated (hopefully sooner than some PIs think) RKB

Afternoon Rachelsdad I get the feeling that it will all come together as FG publishes Annual Results. There was no need to deal with Bond Holders till December this year but for a good reason FG has / is sorting this now. Again you don’t ask for a discount on debt / Bonds if you have say many millions in the Bank. It is an FG strategy and I conclude that after Bonds have option to convert to shares then LSE will have multiple RNS to deal with and then we will all be happy. RKB

News will arrive this month Good Afternoon Ztr666 I have met Francesco Gardin and spoken to him and over the past year have had extensive communication with him. I remain a LTH and I am looking forward to confirmation on the 19th that the Euro Bonds have agreed to the proposals (we all know this is a done deal but just have to go through the correct process) FG has set in motion further debt / bond reduction and soon our company will be debt free. Ok there will be some more shares in issue, but that is the price I am willing to pay so that when the funds arrive from the Mediapolis liquidation, Ondaland and multiple court cases, we will be able to avail ourselves of the 50 million or so retained capital and tax losses to off-set against our profits. RKB PS I am also looking forward to the Annual Results which will show an operating profit.

Good Afternoon Dshox, There are not 9.9 million of Bonds outstanding. I calculate that there are about 6.9 million Bonds at present. We know from RNS 11/05/18 that Eufingest have 43.48% of the Bonds so by default the meeting to be held on 19 June 2018 is a done deal as FG only requires 25% of the principle value and this is more than covered by Eufingest. From RNS 28/11/16 we know at that point there were 6.9 million Bonds outstanding and that Eufingest had 3 million. When you do the maths then Eufingest has 43.48% of 6.9 million. You can then be confident that no further Bonds have been issued from December 2016 to present. In my earlier Post today I said I was optimistic about todays meeting and I am still optimistic about the next meeting on 19 June 2018 as FG will be able to have the Bonds repayment date rescheduled till 2022 and have the option to convert some or all of the Bonds. When there are no outstanding Bonds there will be no debt, just our assets and all our court claims. RKB PS FG is in total control and he will decide as to when the Bonds will be converted.

Bond Holders Meeting I am more than optimistic about today’s meeting. FG has about £1.2 million worth of shares available if used at about 1p I think he will convert some Bonds at a large discount. RKB

Interesting Year so far In 2018 we have raised �1,250,000. 26/01/18 �350K to repay debt and develop the Companys cryptocurrency strategy & working capital purposes. Interestingly no update on debt repaid. 16/03/18 �300K for legal costs with debt recovery and continue to develop Companys cryptocurrency strategy & working capital purposes. We only discover six weeks later that there is a court claim for between �700K and �5 million. 23/05/18 �600K for costs with various legal actions, further investment in bitcoin data mining and continue to develop Companys cryptocurrency strategy & working capital purposes. We know that the Euro 100K for bitcoin mining computers was paid in shares at a 10% premium (this only cost us nominal capital of �19,670) We also know that the outstanding interest due to Mr McBride of �91,722 only cost us nominal capital of �20,658. Launching the legal case has some upfront costs which I am led to believe we have paid the court fees of �10K. When you look at previous placings over the past 2 years completed by FG the money raised was always used to reduce debt: 1) 4/08/16 �150K raised along with Eufingest converting debt of about �165K 2) 14/09/16 �200K to buy back debt and FG informs us on 23/09/16 that they have bought back Euro 1.3 million debt at 76% discount. 3) There are no placings between September 2016 and May 2017 but FG manages to buy back further debt of Euro 3.14 million at 76.15% discount. 4) 17/07/17 �150K raised for litigation. 5) 21/09/17 no placing since number 4 above but FG manages to buy back further debt of Euro 4.3 million at 88.3% discount and tucked in this RNS is the 500K loan which gets converted later at a premium. And that is the share placings over the past 2.5 years. I conclude that FG has built up substantial cash resources for his plans which hopefully will be communicated after Tuesdays Bond Holders Meeting. FG only has placings as and when he can buy back debt at about 80% discount. Would it not be nice to have all our Bonds bought out at 80% discount and only have one loan to Eufingest? RKB PS Court Cases are going to come quickly as the offenders of past miss-appropriation are taken to task.

Yes Timmit, FG has steadfastly stood his ground, worked tirelessly towards his goal of monetising assets and has along with RE made a tremendous difference to our balance sheet. We will report a profit for 2017 (and no tax to HMR&C due to our retained losses) Court cases being worked on and bit-coin being mined 24/7. I can just picture FGs face as he issues all the stuff we have been waiting on (maybe I should FaceTime him!) RKB

Good Afternoon Tomshare You are correct in that next week is going to be a big week. I think FG has a lot of options available to him after he re-negotiates with the Bond Holders. I know FG played chess in his younger days and feel that the next few weeks will be played-out like a game of chess. Opening Move: Place pieces in front of Bond Holders and offer them something. Some will ponder but in the meantime they will agree to the proposal (amend maturity date to December 2022 and permit our Company to convert the Bonds into new CLP shares) Middle Game: Offer on a first come basis a certain amount of Bonds to be converted (at a discount to face value into new CLP shares) the ones that accept (immediately) will possibly receive more new CLP shares. End Game: Providing Eufingest retains all their Bonds (after some have converted) you could have an interesting situation in that Eufingest could have more than 75% of any remaining outstanding Bonds and to check-mate the Bond Holders who did not play the game a new proposal could be offered to convert all outstanding Bonds at less than what was offered on the opening move. This may seem far-fetched but there will be something in this game to entice the Bond Holders to make their move. If we have no Bonds outstanding and this debt is replaced by new CLP shares then we could very quickly have a re-vitalised company with no debt and cash coming in from various sources (too numerous to mention in this post) We are only four weeks away from our Annual Results and I am sure FG will want to have quite a few things sorted for this years AGM. RKB

Good Afternoon (evening) Tomshare Yes I am well, for almost two weeks we have had sunshine in Scotland so that is our allocation for the rest of the year (and that keeps us well!) It would be nice to have a resolution with Ondaland but I think FG likes to have no cash in the Bank to strengthen his negotiations. I have some private thoughts which I will discuss on phone with you over the weekend. RKB

2017 Results We are due our Annual Results by the end of this month. There will be no delay this year producing them on time as Mediapolis is in liquidation. A profit will be disclosed but it could be less than the 4 million I have stated in previous Posts because of the value the court placed on the Mediapolis assets (see our website, under Investments, Mediapolis srl.) RKB

Good Morning Tottyman A Villa was appointed on 1/10/09 and resigned on 31/07/15. This information is available on Companies House and via RNSs. I note your language from previous posts when you refer to Mr V. I was not invested when Mr V was in charge but I have spoken to him on the morning of last years AGM. It is up to current shareholders and future shareholders to do their own research and make their own judgement as to the stewardship of AV and our Company. FG has said the company will contest settlement of AVs claim for unpaid salary. FG has had a few recent successes in favour of Clear Leisure and I believe Mr V will not get what he is hoping for. RKB

FG Negotiating Skills V Previous BoD When you look at the recent settlement of the interest outstanding on the loan of �250K (which was repaid two years ago) there is a significant difference between Francesco Gardin and Alfredo Villa. AV took out a pay-day loan of �250K for six months and negotiated an interest payment of �80K. If I was asked to do a financial review for a client I would have advised them that their loan was not good value and actually they were being charged a flat rate of 64% Per Annum. �250K * 64% = �160K six months = �80K FG took over in the summer of 2015 and by March 2016 he had repaid the principal loan amount of �250K, this could have been funded with one of the Eufingest Loans at the time which were at 3%. So the groundwork was being prepared away back in late 2015 to sort out the mess (my words) and FG obtained further loans from Eufingest at 1% not 64%. FG came back in Summer 2015 to restore value to our company and he continues to execute his plan. RKB PS for research keep an eye on 30 Percy Street and have a look at RNS 2/03/15 where AV informs shareholders about the short term loan amount and not the �80K interest and compare this to the RNSs that FG puts out where he states the interest on Bonds or Loans.

and at a 10% premium RKB

5 million RKB

AIM Rule 26 Our Website was updated yesterday. RKB

Afternoon Tottyman Officially Court has not got anything further to add. If there had been a change it would have been advised to our Solicitors. RKB