Member Info for RKBeekeeper

I never thought of that but if he was then it would be to his advantage that we win the case as he would have a 25 million vested interest. RKB

Hi Timmit I just feel that Luke Johnson knows the true intrinsic value of Clear Leisure. On 31/12/12 there were 210,409,277 shares in issue and his 25 million were about 11.88%. There could have been a clause stipulating he had to retain his shares for a period but not six years. If he chooses to mention Clear Leisure in his column twice in the past six months do you not think he is sending out a signal? I do not beat the drum about my investments that in hindsight were not profitable. It could be that Luke Johnson has tucked this one away for a rainy day and if he was to write in the Scottish Edition of the London Times he would know that the rainy days are here in Scotland more often than London. RKB

Morning Timmit In the Scottish Edition of the London Times they do not print the Luke Johnson column because they like to present something with a Scottish slant on it (which often is a slang name for rain) If you have an investment that you wish you had not made, would you not just have sold up? Business people have accountants on permanent retainers and I believe he has retained his 25 million shares because he knows where the bodies are buried. RKB

Luke Johnson Luke Johnson. To be precise it is Luke Oliver Johnson, DoB Feb 1962, was appointed to BoD on 19th October 2012 and resigned exactly one year later. Mr Johnson was not in charge and was not a director of Clear Leisure on 2nd August 2012 when Fortune Cookie was acquired by Possible Worldwide which is the global operating network of WPP (the large, very large Advertising Company that used to be run by Sir Martin Sorrell) On Companies House there are a minimum of 124 companies that Luke Oliver Johnson has been a director of. I believe that the Sunday Times Business Section describes him as an entrepreneur. Now what you may find interesting is that 4 months before Luke Johnson joined the BoD there was a section 519 Statement lodged at Companies House. This basically is a document letting anyone who would care to take note of it, that the Auditors at that point in time had a legal obligation to state why they resigned (undue strain on the working relationship between the company and the auditor) So you now have a serial company director coming on board four months after something serious has happened. Luke Johnson in my opinion was brought in by a very clever person (Francesco Gardin) but I have no proof or evidence of this, but Luke Johnson only stayed for one year. He had a job to do and in my opinion he completed it. If you have done your research you will be aware that Luke Johnson has had 25 million shares which were worth 5p at the end of 2012 which on paper at that point in time were worth �1,250,000 and he still retains all his shares 5.76% at present. Luke Johnson retained his shares all this time, why? Does he feel like me that we are grossly undervalued? FG instigated the claim in the High Court in London for a breach of share purchase agreement with regards to Fortune Cookie and Mr Justin Cook for between �700,000 and �5 million. You have to be very confident of obtaining a result when you go to court and I am sure there will be many more court cases (just ask Luke) DYOR and look at Companies House and then you may form a similar view as to my own as to why I believe our company is worth substantially more than the current market value. RKB

Hello Craz88 I have sent you an email which contains my Luke Johnson Post which I have to Post on Thursday before the General Meeting. Hopefully it will give you food for thought (and just to be clear that is not a cryptic message, those days are no longer required, after Thursday) RKB

Helo Crazy88 No I am not going tomorrow due to grandparent commitments. I have been in email communication quite a few times over the past week with FG and he has my votes already in his hand. FG is fully aware of my views and commitment and the current BoD are working on behalf of all stakeholders. I have no personal knowledge as to what or when will be issued in an RNS but logic tells me the market will be updated as to the result of the votes cast at Thursdays General Meeting and I am of the opinion that it is after tomorrow that we will have finally turned the corner. All this debate about the Creditor List on the BB, it will be communicated as and when FG believes it is appropriate but what you have to be aware of is that when you are trying to negotiate a discount on Bond or Bank Debt it is better to have no large sums of cash in the Bank. After you have secured a possible discount like FG has in the past with debt of about 86% or 88% you can be confident that there is a strong negotiator acting on our behalf (FG) RKB

Hi Timmit I never seem to be able to access old RNS stuff so thanks for that. I do have some detailed notes in my study on all the companies we invested in (they were in the large pile of notes I took to the AGM last year and I had scores of questions noted to ask the current BOD but as you know we ran out of time. I have passed my Proxy vote to FG after HL went the extra mile to enable me to do this. I am not able to attend this weeks meeting because of family commitments but hopefully you will be able to attend. RKB

Fortune Cookie We were informed in RNS 11/05/18 that Clear Leisure issued a claim in the High Court in London for a breach of share purchase agreement with regards to Fortune Cookie and Mr Justin Cook for between �700,000 and �5 million. Previously Clear Leisure was called Brainsparks Associates Ltd (you may recall this was the company that there was an anomaly with their account filled at Companies House and after I became involved there were revised accounts filled at Companies House) In 1999 Brainspark acquired 25% of Fortune Cookie on 1/12/99 for �520,000. The information that I have is that I believe we retained 25% of Fortune Cookie but when it was sold we were in my opinion short changed. The claim value of �700,000 will possibly relate to our initial investment and the �5 million is in my opinion what we should have received at a particular point in time but we have not received it (as far as I can ascertain) There are many more potential claims but to fund these you have to have funds in hand to move more cases forward or await some form of settlement from current claims before instigating new valid claims. DYOR RKB PS on Companies House the company number is 03782342 Brainspark Associates Ltd

General Meeting Next Week FG said in recent RNS 2/05/18 that he was seeking authority (a little earlier than normal, as this is usually proposed at the AGM) for the leeway to issue up to �500,000 of nominal capital. We know that about �309,000 has already been utilised of the current authority that runs until the next AGM so FG appears to want to have the firepower to do something soon. I have today voted my 4.5 million shares in favour of the resolutions. Now we were also told about the pending breach of share purchase agreement and by a coincidence we were informed today that this claim is against a Mr Justine Cooke and Fortune Cookie Ltd. For Mr Cooke you should look on Companies House company number 03360175 and it is Mr Justin Alex Edward Cooke DOB June 1972. Today we have some very interesting news about the Bond Holders and FG proposing to meet them on 5/06/18 and possible be rescheduled to 19/06/18 (if no quorum) It appears to me that FG will achieve his goal of paying off the Bond Holders possibly in shares until as FG says in todays RNS .. quote we have called the Bondholders meeting in order to give reasonable and comfortable timeline for the Company to realise the value of the Italian assets and therefore to be in a position to repay the Bonds end quote. I am pleased that FG is now going to be in a position to realise assets for all stakeholders. DYOR RKB PS if you have not already vote, please do and show FG that you have confidence in what he is trying to achieve (realise cash for us, read the footer on the RNS)

Good evening Daveroberts, I do not think you understand what the history is with the Bond Holders and how this has played out in the past. The meeting of the Bond Holders will not have a quorum and will be rescheduled. At the rescheduled meeting Eufingest will hold all the aces and it will be as FG wants (repayment date later, like in 3.5 years and possibility of some, yes some shares in exchange for their Bonds) When you originally are getting over 11% for your Bonds and it is reduced to 1% and then you think you are getting your money back in 2015 and then realise the earliest you may, yes may, get your money back is 6 years later, that will focus the Bond Holders minds. I have every faith in FG succeeding with his plan with the Bond Holders. As for suspension the only suspension is the ones who have sold out today and waiting for a lower entry point as they will be in perpetual suspension waiting, because I know the true worth of Clear Leisure. As I have said on several occasions when you are on a free ride you have all the time in the world. I have no issue at all with Mr A Villa, before my time and I did speak with him on the morning of the last AGM. There is a contract in place to pay him his outstanding salary �when we have cash�. The only dispute that I am aware of is the technicality of the fact if we have actual cash. Whenever we have had previous placings it has been for particular things like buy debt at discount or set-up a new company (Miner One) DYOR RKB

Comprehensive Update FG has finally communicated the news that we have all been waiting for. Confirmed again that we have first charge on the Land and that we are therefore due Euro 2,678,357. We are now informed that the Italian Ministry of Economy has a claim for Euro 2,798,620 and the money held in escrow of Euro 1.3 million correlates to the claim from the Italian Ministry of Economy (I would think they have added some interest onto their claim) We will only know the final, final list of Creditors after 16th May and even this Final list can be added to if some little milkman has forgotten to put in their little claim but the milkman etc cannot alter the Approved List of Creditors (so no crying over spilled milk) If the Italian Ministry of Economy claim is approved then we will receive less than the original 93.85% we were hoping to receive from the balance of any funds left in the hands of the liquidator. Bondholders meeting: This is to propose an extension to the maturity date. When the first meeting is held it will not have a quorum (as Eufingest do not attend first meetings) then a second meeting will be arranged and whatever is proposed will be approved as they will then only require a majority of bondholders present to approve and as Eufingest hold more than 50% then it is guaranteed to be approved. A Villa: Claim for unpaid salary. I have had sight of A Villa s employment contract. He will only be paid as and when CLP have liquid funds, I do not believe we will be able to refute his claim as it is (was) a contractual obligation that he was to be paid! Sosushi Claim and counter Claim. This is just standard legalities so as to come to a compromise. I would expect CLP to win in the end but it will take a while. Claim for Breach of Share Purchase Agreement: This claim which ranges from �700K to �5 million I believe will be more successful and I will look into what this is exactly (when I time) Bitcoin Data Mining: We always knew that this would be expanded and I believe that this will actually be extremely profitable. Proposed Initial Coin Offering (ICO): There are many ICOs and we actually now have FG talking to some major players in ICOs and as this is going to be a wholly owned subsidiary of CLP. I believe it will be a means towards an end to eventually utilise our 50 million tax credits and any potential profit here will not be liable for corporation tax until we have utilized our tax credits (this is worth about �12 million if or when we generate profits) General Meeting: This is the most important part of the RNS for me. I have no objections to this special resolution. As FG says this will allow the company to raise funds for legal expenses and to pursue the crypto-currency strategy. RKB PS I have not sold I have upper limits to sell a lot higher than recent highs and looks like they will not trigger today but I am a LTH.

Good afternoon Flightman. No not me, I know the true value of our company and when FG issues the RNS I am confident that it will be rewarding for all LTH. I have only in the past five minutes emailed FG & RE suggesting to them that the BoD should award them additional warrants as they deserve proper recognition for their sterling work over the past three years. RKB

Good evening Opium. You are entitled to your point of view and you may be correct but I live in Scotland and you never know I may have a kilt on so need for baggy pants. I thought I would have a quick look at your current posts and was taken aback at your involvement in Tesco. I have someone on the inside of Tesco and basically they have cut back on the maintenance of their stores to push up their profits, this is always a false economy and eventfully this will become apparent when they come clean. I wish you well and I will update you when or if I decide to increase my holding here. RKB

Afternoon Rusty9717, Because I was at Ondaland last summer and spoke to a few of the staff and in particular about the guy who controls the purse strings, I believe FG will compromise with him. I am not able to say anything about this guy in case I am litigated against. (Many years ago I had a Court of Session order slapped on me to desist from cutting over hanging branches that were 40 feet into our garden. I fought that and won but the cost was crazy, for badness I went 6 feet into their garden and lopped as much off as I could and then sold up and moved) I think we are owed 6.5 million from the takings that has somehow not been passed to CLP and there are only two options. Negotiate or Litigate. We have enough litigation going on at present with over 10 sets of legal professionals engaged on various claims and FG has a particular skill unique to him. He does not give up, it took ten months of negotiating to get some of the debt bought back at 90% discount and he has been actively pursuing Ondaland (technically Sipiem) for this 6.5 million. FG could for all we know accept say 4 million (a good compromise and a 2.5 million discount) and then plough say 3 million back into Ondaland to up-scale to 365 days a year attraction and utilise the large empty buildings already on site. Remember, Ondaland was well run and maintained, no litter, plenty of staff, food not over priced and systems in place for the water park staff not to have sticky fingers in the till as there were checks and balances in place that I witnessed and tried to circumvent (like getting in and out without paying or getting extra food which was not possible as you paid for your food at a little booth and took your order ticket up to the staff at food counter) It is just a pity that the guy in charge has a funny way about holding onto cash of 6.5 million that is rightly ours. If FG is not able to get him to compromise then he will litigate. When FG has any spare cash I am sure he will put it to good use. DYOR RKB

Good Afternoon RachelsDad, long time but good to see you are still hear. It is only a matter of time before FG confirms that the liquidation of Mediapolis is irreversible. Nobody knows how FG will present this liquidation but what I know is that there are valuable assets to be liquidated (Land, 10 Sardinian Villas, the Licences which are the most valuable assets and the 1.3 million cash in the escrow account) FG had all bases covered, if liquidation was appealed and successful (it was not successful) then there was 10 million less debt in Mediapolis. As Mediapolis is now being liquidated as we speak it means that we get the minimum for our first charge of 2,678,357 and the small preferred creditor gets their 165,718 and then we get 93.85% of anything left. FG gets his 10% on all assets sold (which he richly deserves) and who knows could he just use some of this 10% to exercise his warrants at 1.25p? FG has never had much spare cash over the past three years and any cash he has managed to raise has been wisely spent buying debt back at 90% discount and taking on a small Eufingest loan at 1% and the good thing now is that Eufingest could convert some of their loan before the AGM and take their shareholding back to just under 30% and I think that is what they will do as we are not too far away from seeing something on the litigation front (no heads up from anybody, just my research and share price pointing to something truly amazing) DYOR RKB

Initial Investment I have to find new opportunities to re-invest my substantial profits from my other investments. As I have three shares that are on a free ride with upper limits kicking in I don�t like sitting on cash. I jumped in the day before Lloyds went ex-dividend and yesterday I just dipped in to Acacia Mining. I am also looking to eventually move the bulk of my portfolio to the top 200 and I am also looking for dividend payers. I normally do extensive research before I invest but sometimes I take a punt when the MM unfairly knocks a share down. Today on analysing the votes cast at the recent AGM tells me that over 90% of shareholders voted. This is unprecedented; normally you would struggle to get 50% of shareholders to vote. This tells me that there are not too many shares in the hands of PIs. Looks like I will have to do some further research. RKB

Afternoon Stead41 Limits There is nothing wrong in setting limits but we all get caught out like other Posters have said today. Ensuring you protect your capital is a good strategy. Earlier this week I cancelled all my lower limits (left the silly ones in as silly things do happen) Unfortunately I forgot to cancel my wifes and one triggered for 100K at 1.04p at 10:25am. Limits I never use Stop Losses limits as it is too easy for MM to drop a share price to capture your shares and then quickly increase the price to lock you out. If you set alerts to let you know when a share has reached a certain price then you can look at the reason why it is at this price and decide if you want to jump or not. Upper Limits to sell. I use these all the time. When I have bought a share I add on 30% and immediately set an upper limit to sell some of them. I do not have a set amount of shares I sell, if could be 20% or 25% of my holding but this way, if I have timed it correctly and the share moves up shortly after I have bought I have about a third of my original stake back. I aim to get 30% in the quickest time possible (a day, week, month or year) and if I have made the correct decision it is often only months. RKB

What If? I am still a holder here and like most well under water. I think Mark missed a trick recently when some Loan Notes were converted. If the BoD had first converted the Loan Notes for 2nd March 2018 as they did and then RNSed to say that they had converted �500,000 at �0.12p a share, what would that have done for the share price at the time? It is unfortunate that this was not conveyed at the time so that all LTH would possibly feel a little better that we only issued 4,116,667 shares instead of say 125 million at �0.004p. So we have a shareholder who has not got the extra 120,833,343 shares that they could have had if they had bought in the Market like the LTH. DYOR RKB

What you say Max is true, we spike and then fall back. Last week we closed each day at 0.65, 0.68, 0.75, 0.80 and Friday held at 0.80. Then this week 0.85 and 0.90. If we hold at 0.90 � 0.95 at close today that would be an increase over 8 business days of 0.25 or 0.30 which is about 38.46% or 46.15%. That is actually good for a small market value company that only has 434 million shares in issue. FG has been what may be called in Scottish terms, a little frugal, when having placings. Eventually our patience will be rewarded and like the weather in the south of England, things are beginning to get really hot there and in Northern Italy. RKB

While we wait on the RNS What we do know is that cash will come from the liquidator to us. I am not aware of the Italian process of liquidation and Max has not been able to find out just yet, if an interim dividend can be paid out on realisation of some of the assets. It could be the liquidator waits till all the assets are sold before any distribution takes place. I would like to think that as CLP 2017 is the first secured creditor that we would be paid first from any money in the hands of the liquidator. If say the land goes to auction and all other assets are realised first, could we receive sufficient cash from the liquidator so that we are able to bid for the land at auction?(basically bid with money given to us) What would FG do with any money realised from the liquidation of Mediapolis? As our Minor One is operational and in production I believe it will be greatly scaled up. Having a partner in this venture 50:50 allows FG to exit at some point with a willing buyer. DYOR while we wait RKB