Member Info for RKBeekeeper

Millions Due Morning Kitlow, I do not have any information as to FGs plans if or when we become a cash shell company. The current situation is awaiting the official announcement from last weeks court hearing, which will be announced I believe soon. As most liquidations are seldom recalled (In the UK) I would assume the same situation applies in Italy. As such I believe that liquidation is in the best interest of all shareholders because we, via CLP 2017 would either retain the land or receive substantial and I mean substantial funds on all monies raised. I have always been upfront with my shareholdings and I still have 4,450,000 (all on free ride) and I had limit orders in for only 10% (450,000) today I cancelled these limit orders as I believe that it is only a matter of time before we hear that finally Clear Leisure will eventually receive millions of actual cash. I do not mind if we receive this cash in 1 week or 1 month or even 1 year all I know is that my research points to our company shortly being in receipt of hard substantial cash. FG will update us when he has information that has to be in the public domain and I think over future RNSs FG will allude to what direction he will most likely take our company, bearing in mind the substantial capital and tax credits of currently 60 million available to offset against future profits. Utilizing the full 60 million tax credits at a rate of say 20% corporation tax would ensure no tax is payable so we would save about 12 million. I look forward to communication from FG via an important RNS. RKB

With director buying today collectively between the three of them they now have 109,500,000 shares, that shows commitment. RKB

Good afternoon Timmit. I do not think it is the intention of FG to retain any assets. Even though Sipiem and Geosim are listed as �Core Assets� this does not compute when we are always informed on the footer of most RNSs that the BoD are focused on the monetisation of all of the companies existing assets. Assuming that this monetisation occurs then that is when we have a cash shell company with 56 million tax losses available to be utilized. RKB

DYO calculations even try and find out what one licence is worth. RKB

How I see it FG came back in 2015 with a goal to realise all assets current and past and in his words �the monetisation of all of the Company�s existing assets, through selected realisations, court-led recoveries of misappropriated assets and substantial debt-recovery processes.� FG announced in the Annual Results for 2015 RNS 30/06/16 that he had reduced the carrying value of the Mediapolis assets further from 20 million to 13 million (this was after we were informed in the interim results that the land carrying value was being reduced from 35 million to 20 million) FG announced also in the Interim Results RNS 30/09/15 that an offer was made for Mediapolis of 20 million including debt. This would have meant at that point in November, Mediapolis was worth net to Clear Leisure at 20 million and this included the Villas. FG issued a Trading Update RNS 30/03/16 and it is here that the key to the future plan is located, �Our investigations to date have uncovered historic claims on Mediapolis from suppliers, counterparts, banks and Mediapolis� bondholders amounting to approximately EUR 14.8 million although the current legitimacy of some of these claims is as yet unclear.� Then when you look at what FG managed to achieve in the reduction of the Bond interest rate from an original 9.5% to 1% and then link this to the paragraph above could there have been some doubt about the legitimacy with the Bonds? Then we find out that Mediapolis posted a profit of 335,000 for 2016 RNS 22/06/17. You then have to ask the question, why Mediapolis was put into liquidation? There appears to be no merit to the bulk of the claims from suppliers, counterparts, banks and bondholders because there is only one preferred creditor for 165,718 and we are the main creditor for 2,678,357 and then we are also entitled to 93.85%. We also discover from the RNS 27/02/18 that total unsecured recognised debt is 8,749,860 and we have a claim on 8,211,897 which leaves 537,963 (93.85% and 6.15%) If you actually think about this. First Charge to CLP 2107 and then small creditor 165,718 and the balance goes to us 93.85% and 6.15% to the others but the others were in above and included in the 14.8 million and they are legally only entitled to 537,963 (suppliers, counterparts, banks and Mediapolis� bondholders amounting to approximately EUR 14.8 million) So then you have to ask the question (hypothetically) did the small creditor push for liquidation so that true value could be released and all the potential spurious claims jettisoned once and for all? Then on liquidation, the escrow funds of 1,370,000 are released, the Land can be sold at auction, the 10 Sardinian Vilas can be sold and best of all the licences are no longer required and can be sold on, maybe not for what they were valued at 31/07/14 for 35.6 million but a lot more than some people think. DYO calculations even try and find out what one l

Good Morning Max, Interestingly our Ondaland is not now listed as a core asset on home page of our Website. It is listed under investments for Sipien. RKB http://clearleisure.co.uk/about.html http://clearleisure.co.uk/investments/sipiem.html

Morning / Afternoon Tom, Yes there are some very large potential numbers in there. I think if you were to re-post your two excellent Posts from yesterday then Posters may receive the same targeted adverts that LSE aims at me for Sardinian Holiday Villas after I clicked on both your links. RKB

An Idea Lives On Ltd An Idea Lives On Ltd was set up on 30/07/14. There was no activity with this dormant company until they acquired (bought shares) in CLP in the recent placing and then appeared on our share register with 5.15% on 22/03/18 (Placing was on 16/03/18) Why was this company set-up then? On 18/08/14 RNS says that The Company is pleased to advise that it has received a formal letter from the government of Regione Piemonte in support of the Mediapolis project. It is an interesting RNS The Company is pleased to advise that it has received a formal letter provides that the Mediapolis licences are also granted rights of transferability onto other parcels of land within the Regione Piemonte. This will allow the Company to separate the land asset from the rights in the licences and seek buyers for the assets separately. Based on an appraisal presented on 31 July 2014, the licences owned by Mediapolis, which are confirmed by Regione Piemonte, include building rights for: 100,000 sqm for commercial use 30,000 sqm for hotels 10,000 sqm for boutique shops 5,000 sqm for logistics 15,000 sqm for common areas External appraisal has valued the licences in the region of EUR 35.6 million with the land valued additionally at EUR 1.5 million. It is the intention of the Company to shortly offer the licences on the open market and the Company is of the opinion that there is demand for the licences in the region from existing business that own brownfield land for which building approval is being sought but has not yet been granted. Now we all know that we could have our Mediapolis Srl liquidated as that is what the court was pushing for and I am sure we will find out soon what decision was made last Friday (13/04/18) the issue was always the debt. If liquidated there is no debt, there is the Land and the 10 Sardinian Villas and as above the Licences (which are transferrable) All these assets can be sold and any funds raised we know we are getting 93.85% and that is after we have received our first charge of 2,678,357. If the Court sets aside the liquidation then Mediapolis Srl lives on, maybe not as what was envisaged originally but it lives on with a lot less debt and assets that can be sold by the BoD if they so choose. DYO Ideas and calculate what the Land, Villas and Licences could be worth. RKB

No the whole of Medinapolis is being liquidated. RKB

Good afternoon Fourprinces. There was a mortgage on them that was a little less than their revised valuation that was RNSed but the strange thing is that no bank or mortgagee (the person or business making a loan that is secured on the property came forward to lodge a claim. This could mean that the Villas had the mortgage sold on or repaid. It could even mean that some Villas have been sold and mortgage repaid. Whatever happens on any sale (by the liquidator) all funds raised will be distributed according to ranking and as I have said we get more or less everything. Even from the assets other than the Land and the Villas. DYOR RKB PS I need to go to garden centre as greenhouse all prepared and looking for stuff to plant and bear fruit (tomatoes mainly)

Good Morning Jamesc7. The MO money supply in the USA in 2013 was $1.2 trillion. That is notes and coins. So as not to be confused with trillions that is 1,200,000,000,000. If 1 bitcoin was to go to a million dollars and then all 17 million bitcoins were to be converted to hard cash then the current USA MO would have to be 14 times what it was in 2013. You have done well with your crypto currencies but $1 million in 9 months is not possible. A substantial increase is possible due to supply and demand and I wish you well. RKB

Good Morning (evening Tom) Excellent research. I did wonder when someone was going to notice that there was practically no information on our web-site about Mediapolis just the news that it was being wound-up. While other posters would prefer to debate the current spread and share-price we have Tom researching and posting valuable information. Very few posters have realised that there is no other major creditor for all the assets of Mediapolis, CLP 2017 have the first charge and will get their 2,678,357, the small preferred creditor will get their 165,718 and we will get 93.85% of whatever is left. There are other assets other than the Land and Sardinian Villas and I will let you know on Monday what they are, but they are worth more than the Villas and Land together. Do some proper research and you will be discussing moving the decimal point to the right. RKB

April Fool Part 3 The following Post should only be read after reading Part 1 and 2. Today I have to start work in the greenhouse and garden but I thought I would post this for anyone who has some spare time on their hands and wants a bit of fun. I will be Posting on Monday about one of our recent new shareholders, An Idea Lives On Ltd. If you put An Idea Lives On into an anagram search you get a long list of gobble-de-gook but two that stand out are Vila De Sena and Visionland. When you google Visionland you are taken to a theme park in Alabama. RKB

Good afternoon Linandy1 Email sent to you 2 mins ago RKB

What has been achieved by FG Part 2 So FG kept the shares in issue at about 210 million for the first year and then did a small placing in August 2016 for �150K and Eufingest converted �165K of their loans. Then there was another placing in August 2016 for �200K and we were now at about 286 million shares. But this placing was to accelerate buy-back of debt. Now we are starting to get a clearer picture of what FG is aiming to do. FG does not raise funds and blow them away like many AIM Companies do, he uses the funds to instigate litigation to recover past investments and also buy back debt (which we know he has been very successful at) and at over 87% discount. DYOR it will reward you if you follow FG. RKB ADVANTI

What has been achieved by FG Part 1 FG & RE joined our BoD in late July 2015. There was an AGM held on 27/07/15 and no private investor ever questioned the votes cast at the AGM. The previous CEO did not attend this AGM. There were five resolutions and the first resolution had all 85 million plus votes in favour and none against. Resolutions 3, 4 and 5 had almost 85 million votes in favour and about half a million against. Resolution 2 had just over 28 million votes in favour, just over half a million against and there were over 56.6 million Discretionary Votes. You can do your own research and try and find out what Resolution two was, but the discretionary votes were cast in favour of the Resolution. When you invest in any company on the Stock Market you need to try and understand the intentions of the BoD and figure out why they put themselves forward for their Directorship. Then you have to look at their remuneration. FG gets �60K a year (�30K in salary and �30K in shares) and a bonus of 10% on the realised value of any assets disposed. Most investors in AIM shares will have an idea of the 6 figure salary that their CEO receives for their stewardship of their investment (Company) along with all the perks they award themselves. FG & RE only have 13 million warrants at 1.25p (FG 10 million and RE 3 million) and over the past 2 .5 years our BoD have not awarded themselves millions of additional warrants. FG kept the shares in issue low for as long as possible at 210 million and then in August 2016, just over one year after he was elected, he did his first placing to raise �150K and it was on the same day that Eufingest SA converted about �165K of their loans. This resulted in there being about 264 million shares in issue. It is at this point we discover that some of the funds raised will be used to fund current litigation to recover past investments. So now we begin to see the direction FG is going in. I will continue this post later. I am time poor at the moment and I have a few phone calls to make this morning and I need to double check that it begins with 39. DYOR it will reward you if you follow FG. RKB ADVANTI

Good afternoon Kernowboy1 FG had many loose ends to tidy up. He has always had one goal and he puts it out at the footer of most RNSs. Quote: The focus of management is to pursue the monetisation of all of the Company�s existing assets, through selected realisations, court-led recoveries of misappropriated assets and substantial debt-recovery processes. End Quote. DYO Reading of RNSs as FG actually said exactly what he was going to do. RKB AVANTI

What would be in Operational Update? I can think of many things that FG could put in an Operational Update. Our last Business Update was over four months ago and I am optimistic that we will get some sort of update soon. The Bitcoin Mining Operation is up and running and we know from BoD that it is successful. Currently the operation is small and I believe that was just an initial investment to prove that it was viable and could actually mine bit-coins. With any business, whether it is a franchise like a fast food restaurant or something that is scalable you have to prove the concept first. FG has proven it and the next logical step is to upscale it. As most LTH know we have about 60 million of tax losses to offset for any profits and as such we will not be paying corporation tax just yet. Just imagine you had 50 fast food restaurants and all were like McDs and profitable. It would take a few years before the tax man got any of the profits. DYO calculations as to how many miners we may have in the coming years. RKB AVANTI

Good Afternoon DShox The two major roads are both toll roads and all traffic going east to west tends to use these two roads. One of the roads borders the land and there is at present a massive layby that cars can stop at. If this land is opened up for whatever then it would take you less than 3 mins to access it if you came off either toll road. You cannot access the land by car from the lay-by. The land is basically flat and no major ground works would be required to build whatever. Towards the centre and back about 50 or 600 meters there is an old building looks like an old farm-house and this could be developed. Whoever has possession of this land there is excellent development potential with good potential access from the half mile road that runs north from the Village of Tina on one side of the major road (Tina is only 2 mins from the toll booths) DYO sight-seeing in Northern Italy you will not regret it. AVANTI RKB PS I personally think your target is too conservative. Look at the current market capt today (even with the increase) then look at the profits that are due to be announced for 2017 (4 million) MK1234 has a more reasonable target.

Good Afternoon Tomshare You are correct about the value of the Sardinian Villas and what is interesting even though we thought we had a mortgage about the same value as the Villas (4.5 million) there is no mortgagee on the creditor list so I conclude there is no mortgage there. CLP 2017 are the only secured creditor so whatever happens on Friday it is a win win. AVNATI DYO forward thinking and work out how much we will get from the court case and how much debt is jettisoned. RKB