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April Fool Part 2 The following Post should only be read after reading Part 1. I have been busy fooling about the past few weeks and I thought you may like to know what I have been doing. I flew out to Switzerland well actually Lugano and then hired an AVANTI car and went and seen a few Swiss Financiers. They said it was too cold to discuss things on my mind and suggested taking their private jet to Sardinia as they could get me into some of the finest villas. The villas were in excellent condition and there were no for sales up (so if I had wanted to buy one or two I could not!) The Swiss Financiers liked my proposal so we then flew to Northern Italy and drove first to the town of Albiano D�Ivrea and then the village of Tina. Two major roads pass next to the village of Tina the A4 & A5 and this is where the large piece of land is located. We spent a few hours walking on the land and discussing possibilities. It was interesting to note that the land was no longer being cultivated. The Swiss Financiers were very excited and used a private drone to look at the land and the surrounding area. They commented that there were no major retail parks in the area and not any large hospital or healthcare facilities in the surrounding area. After some lunch we drove for about half an hour to a Waterpark called Ondaland. There was a lot of activity going on, workmen unloading stuff and there was a buzz about the place. It looked like this was not going to be a summer attraction for much longer more like a 365 days a year attraction. We then took a private helicopter to the City of Padova, (where FG graduated from) and had some further meetings. A special EGM was called for Mediapolis and various proposals were put to the BoD and agreed. The Swiss Financiers agreed to lend CLP 2017 about 4 million on a very short term of three weeks at 1%. CLP 2017 offered the liquidator on 30/03/18 the 4 million (this was more than the court appointed land surveyor had valued the land at which was 3.86 million) which they accepted in exchange for the land and ten Sardinian Villas. The liquidator paid CLP 2017 2,678,357 (the amount agreed for the first charge) and also paid another creditor in full 165,718. The liquidator took 10% which was 400,000 and this left 2,125,925 which included the money in the blocked escrow account of 1,370,00. From the 2,125,925 the liquidator distributed this between the unsecured creditors. CLP 2017 was entitled to 93.85% which worked out at about 1,995,181. So what we ended up with was The Land, The 10 Sardinian Villas and cash of 4,673,538. We repaid the Swiss their 3 week loan of 4 million which worked out at 4,002,308 and we had cash in the bank of about 671,230. A Roof Pill (RKB) PS AVANTI

April Fool Part 1 Many years ago my next door neighbour was always being caught out by her husband and children on the 1st April. It was nothing serious just the usual tomfoolery and pranks like salt in the sugar bowl and sugar in the salt seller, or rice krispies in the corn flake container. One April fools day many years ago my neighbour was determined not to be caught out again. She was extra cautious when she got up. At breakfast with the family she said, pass me the sugar after you have used it yourself. She also said that she would skip breakfast cereal and just have a cup of tea. Her husband and children tried a few tricks to fool her but she was a lot wiser now and was not fooled. While at breakfast a mini-van pulled up outside their house. In big bold letters it said AVANTI. The wife asked her husband if he knew what the mini-van was doing there and he said he was going away for the day with some male friends to hill climb (technically a pub crawl) He said his goodbyes to his wife and children and left the house. Moments later in burst in and shouted that the car had been stolen and beckoned his wife to come outside. His wife was not going to fall for that old trick and continued to drink her tea. The children ran outside and they then asked their mother to come out as the car was not there. But still she sat there and continued to drink her tea (remember she was getting wiser all the time!) The husband asked her to phone the police but she said no and told him to phone as he was the one that was saying the car was stolen. He had to tell the mini-van driver he would be a few minutes as he had to call the police. When he picked up the phone the line was dead. He told his wife the line was dead and asked her to try the phone. Again she said she was a lot wiser now and she was not going to be fooled again. The husband still insisted that the car was stolen and that the police had to be informed, so she said go next door and use their phone and he did. When the husband came in our house he went through to the back room to use the phone and it too was not working. Just then he heard a car horn and he recognised it from his car and his wife was sitting in the car waving him goodbye as she drove off wishing him a good day looking after the children (what a sobering day he was now going to have) A few of her neighbours were in on this act. We hid the car down the road and we unplugged the phone lines. The wife wanted to teach her husband a lesson that he may have fooled her for many years but she got the last laugh. AVANTI RKB PS Hi Tomshare, You have forced my hand so I have decided to post the above now, hopefully I can complete part 2 before Friday.

Conference Call Londondan, Investors will soon be able to hear exactly what Mark said. NYW, tremendous confidence, very confident it will move forward. Second quarter there will be nice little encouraging signs, we like the project, stay tuned. Mark will be in New York in two weeks then an update. The Eye of Texas, there is an interim project manager, there is re-zoning planning, will update in a month or two. Star Sanctum Event in May has 12 actors engaged. The �100K invested has a personal guarantee, which I take it to mean that if the event does not wash its face this guarantee will be called in. Audit is in progress for our year end and is in its final stages and our AGM will either be in May or June. AdamTheAnalyst, you do not have to go to see the stars if you want to see Mark, go to the AGM, I was the only other person there last year along with Mark and Rich. One thing that Mark said was that some loan notes were converted at 12p which I am at a loss as I cant find this documented anywhere. If we were registered in the UK I could access all the information that I require but we are listed in Guernsey. All long term shareholders are and will remain under water until we are informed in clear and easy to understand information as to how many loan notes are outstanding. I would say that it is almost like not knowing what your credit card bill will be at the end of the month as you do not have the information readily available to even remotely calculate it. Long Term Shareholders will have to put up with the Posters on this BB who have been negative for our company until our BoD provide the information that we require to evaluate our investment. RKB

Research and then Research again Good Morning GreenAndWhite You were true to your word on 20/02/18 when you discarded 22,909,157 and then again four days later 15,102,643. I only have at present 20 million and would be prepared to buy your shares. Unfortunately I have to do this through my broker so I will have to wait until you have sold. I have done extensive research on Primorus Investments and I have done research on each of our investments and I am an investor who is prepared to wait until true value has been achieved, which I believe will come in due course. When I was a financial advisor a few years ago I once came across a potential client who disagreed with my advice. He wanted to sell some assets at below market value for the only reason that he wanted his wife to receive less from the divorce they were going through. When I make my investment decision I have a goal to take my original investment off the table as quickly as possible (could be 3 weeks, 3 months or 3 years) it does not matter how long it takes and then leave myself with a free ride. I currently have three investments on a free ride and this has been achieved by doing proper research and having a very low entry point. Hopefully you will achieve your life goals and are able to make the correct choice for yourself. RKB

SETTLEMENT OF BANKRUPTCY PROCEEDING (concordato fallimentare) Once the court has established the schedule for the distribution of the proceeds, the debtor may choose to offer the creditors a settlement giving them either a greater or a quicker recovery than that provided for under the bankruptcy distribution. In this event, the debtor must submit his offer to the court. If the court decides that the settlement offer is in the best interests of the creditors, it issues an order directing that notice of the offer be given to all the creditors. For the settlement to be effective, it must be accepted by a majority of the unsecured creditors representing at least two-thirds of the total amount of their claims. The court then sets a date for a meeting of the creditors at which they will vote on the settlement offer. Thereafter, creditors may submit their votes either in writing to the court within the term set by the judge, or by appearing in person, or by proxy, at the creditors' meeting. Creditors who fail to cast their votes are deemed to have accepted the settlement offer. Now we know that the BoD of Mediapolis did not want to have their company liquidated and if I am interpreting the above there is a possibility that as we have first charge on The Land and have 85% of all the creditors in our favour then we would vote to accept whatever is proposed by the BoD i.e. the Land goes to CLP 2017 and the Sardinian Villas goes to CLP and liquidator gets paid from the 1.3 million in the escrow account. DYO interpretation of Italian Law RKB http://www.jus.unitn.it/cardozo/Review/Business/Insol.html#1

My Thoughts Part2 In the Netflix Series, Making of a Murderer, one may think the only reason why the main character, Stephen Avery, is back in jail for a second alleged murder is because the Local County could not afford to pay the compensation for his wrongful conviction for the first murder. I am ignorant of the Italian legal system and there could be parallels with the local Region we are suing for 39 million and Steven Avery. If you have knowledge of how the court system works then you have to play by their rules and just maybe FG used his skills of the Italian court system and the possible scenarios to extract favourable terms for CLP in debt buy-back. We may have been at a stale mate situation and the only way to resolve this game was to liquidate. Currently we have almost 434 million shares in issue a little over twice what was in issue before FG re-joined. You can play around with the numbers but the debt is greatly reduced and being further reduced and the assets are still there along with the ongoing litigation. For the Court Stuff today I am trying to locate Max. DYOR RKB

My Thoughts Part1 MK1234 asked me for my thoughts and I have not changed my view that FG will deliver. Some Posters will know that I play Chess and Clear Leisure is a very complicated game of Chess. FG has always had a game plan from when he rejoined the company. If you look closely at all of the communication from FG and read all the RNSs there appears to be a pattern emerging. But first you need to take a step back and look at the accounts just before FG rejoined the BoD. In the accounts for year ending 31/12/2014 it was stated that the NAV was �0.07p and the net equity attributable to shareholders Euro 17.9 million. I believe at the time there were 199,409,377 shares in issue. Using the 7p above this would come in at �13,958,656 This was not pie in the sky it was basically what was audited. It was also stated that the BoD at that time (not FG or RE) believed that the two main assets were worth substantially more. (Ondaland / Sipiem and Mediapolis) We had income of 919,000 that year and the loss of just over 3 million was attributed they said mainly due to the increased stake in Mediapolis. It should also be noted that the finance charges were 1,085,000. You can also find details in this set of accounts on the second charge at that time in favour of Olivetti for just over 4 million. Then you look at what has happened over the recent tenure of FG & RE. The new BoD under FGs leadership said away back in July 2015 that the new Board would look at maximize existing all our existing potential opportunities (sell the lot) Then I looked at finance charges for 2015 and 2016 which were 1,023,000 and 251,000. This is a decrease of 772,000 which is a big improvement but is this a one off? So I look at the interims of 2016 and 2017 and what I would expect is by 2017 a large decrease. They were 345,000 and 188,000. You should read all the accounts to get the whole picture but a brief condensed summary indicates a large decrease in debt and also a corresponding decrease in finance charges. Nobody will ever know what or how FG is going to execute his plan. My thoughts are that he had it carefully mapped out, set-up CLP 2017 to ring-fence the Land. Discuss various worst case scenarios with Banks / Bond-Holders what could happen and paint a worst case to them and then offer them something (15% of their debt in hard cash) We are the main secured creditor and also entitled to almost 85% of any funds realised. There is no secured creditor on the main list that has a charge over the ten Sardinian Villas. DYOR RKB

Hello MK1234 I will post something on Friday before hopefully anything is in the local press in Italy (assuming they are not pushing this case to yet another date) I do not normally have a glass of the red stuff on a Thursday but as it is technically a holiday time I like to sit and reflect with a nice glass of Italian and think of that Waterpark and the big, very big Corn Field. While sipping I may have some Sosushi and look at the price of Bitcoin and other Crypto-Currencies and then have a virtual look at the Sardinian Villas using the Geosim 3D system. DYO safe drinking and thinking RKB

Interesting find at Companies House While checking my previous post about HHDL I had a look at the 2% shareholder in HHDL, Gunsynd. There were two companies that I looked at and the first I don�t think is connected but the second one Gunsynd Company number 05656604 (AIM GUN) has a Donald Strang listed as a Secretary appointed on 15/09/14 and also listed as a director on the same date (actually Executive Director according to the last accounts filled on 2/02/18) The accounts for Gunsynd also list Alba as an investment. I believe we need to keep a close watch on GUN to monitor what if anything they do with their shareholding in HHDL. DYOR RKB

MaxH I think AC is working on capitalising on our investment in HHDL. If you think about it and look at our market capt of �3.78 million and if we were to receive �1 million in cash and shares for our remaining 5% of HHDL then that would mean in the space of one month we would have received cash and shares of �2 million and we would still have all our other investments which on paper would only have to be worth �800K and then our market capt would be correct. But we have stakes in: Alba Engage Farina Investments FOMO Money Fresho Nomad Energy SOA Energy Sport 80 Solo Stream TV Truespine Technologies Weshop We originally invested about �3,692,475 in the above so you can see that on paper we are worth about �3 million more than our current market capt and this does not allow for any increase in the value of our original investments. Technically we should remove �350K from the above as that is what we received in Solo shares. DYOR RKB

Alba Placing I posted this on my BB and thought it should be posted on your BB also. Well when you look at what Alba said they were raising the money for today, I would be inclined to think that Alba may just be contemplating acquiring our remaining 5% in HHDL. We sold Solo a 5% in HHDL on 9/03/18 for �1 million (�650K cash and shares to the value of �350K) and if our BoD were to extract similar terms with Alba that they did with Solo would this be something to our advantage? Especially when you re-look at the recent interview with AC and Proactive Investors. AC does not want to be having to fund the ongoing share of the development costs at HHDL, he would rather be a passive investor and let the management get on with it. If we retain 5% of HHDL then it is going to require cash from us as and when Horse Hill develops. With HHDL the stakeholders (UKOG 50%, Alba 18%, Solo 15%, Doriemus Plc 10%, Primorus Investments 5% and Gunsynd 2%) they have all to be consulted whenever they have to make a decision and if Primorus Investments were to divest their remaining 5% then there would be one less stakeholder to consult. Also when you look at the original stakeholders in HHDL it was Angus Energy who had the majority stake at 40% and UKOG only had 20% and Alba had 5% and Solo had 10%. But over the past three years, UKOG now are the majority shareholder and Alba and Solo have at present 33% Could Solo and Alba have a plan to combine their votes of 33% to control the speed of the development at Horse Hill? DYOR RKB http://www.proactiveinvestors.co.uk/companies/stocktube/8899/primorus-investments-plc-picking-out-the-pre-ipo-winners-8899.html

Alba Placing I posted this on my BB and thought it should be posted on your BB also. Well when you look at what Alba said they were raising the money for today, I would be inclined to think that Alba may just be contemplating acquiring our remaining 5% in HHDL. We sold Solo a 5% in HHDL on 9/03/18 for �1 million (�650K cash and shares to the value of �350K) and if our BoD were to extract similar terms with Alba that they did with Solo would this be something to our advantage? Especially when you re-look at the recent interview with AC and Proactive Investors. AC does not want to be having to fund the ongoing share of the development costs at HHDL, he would rather be a passive investor and let the management get on with it. If we retain 5% of HHDL then it is going to require cash from us as and when Horse Hill develops. With HHDL the stakeholders (UKOG 50%, Alba 18%, Solo 15%, Doriemus Plc 10%, Primorus Investments 5% and Gunsynd 2%) they have all to be consulted whenever they have to make a decision and if Primorus Investments were to divest their remaining 5% then there would be one less stakeholder to consult. Also when you look at the original stakeholders in HHDL it was Angus Energy who had the majority stake at 40% and UKOG only had 20% and Alba had 5% and Solo had 10%. But over the past three years, UKOG now are the majority shareholder and Alba and Solo have at present 33% Could Solo and Alba have a plan to combine their votes of 33% to control the speed of the development at Horse Hill? DYOR RKB http://www.proactiveinvestors.co.uk/companies/stocktube/8899/primorus-investments-plc-picking-out-the-pre-ipo-winners-8899.html

Alba PLacing Well when you look at what Alba said they were raising the money for today, I would be inclined to think that Alba may just be contemplating acquiring our remaining 5% in HHDL. We sold Solo a 5% in HHDL on 9/03/18 for �1 million (�650K cash and shares to the value of �350K) and if our BoD were to extract similar terms with Alba that they did with Solo would this be something to our advantage? Especially when you re-look at the recent interview with AC and Proactive Investors. AC does not want to be having to fund the ongoing share of the development costs at HHDL, he would rather be a passive investor and let the management get on with it. If we retain 5% of HHDL then it is going to require cash from us as and when Horse Hill develops. With HHDL the stakeholders (UKOG 50%, Alba 18%, Solo 15%, Doriemus Plc 10%, Primorus Investments 5% and Gunsynd 2%) they have all to be consulted whenever they have to make a decision and if Primorus Investments were to divest their remaining 5% then there would be one less stakeholder to consult. Also when you look at the original stakeholders in HHDL it was Angus Energy who had the majority stake at 40% and UKOG only had 20% and Alba had 5% and Solo had 10%. But over the past three years, UKOG now are the majority shareholder and Alba and Solo have at present 33% Could Solo and Alba have a plan to combine their votes of 33% to control the speed of the development at Horse Hill? DYOR RKB http://www.proactiveinvestors.co.uk/companies/stocktube/8899/primorus-investments-plc-picking-out-the-pre-ipo-winners-8899.html

DShox I think you should talk to PR Christian (nice chap, very approachable) and ask the BoD to consider, you never know they may just look at this. RKB

Our BB is now becoming interesting as you have posted correctly that if an asset has been identified then the auditors will make the final call if or when it is placed on our books. One of the reasons for posting I think 31 companies is so that if FG mentions any one of them then we will know he is looking into it. RKB

Good Afternoon DShox It would be good to have litigation funding in place (I have family legal protection on B&C insurance and legal protection on Car Insurance, also massive life insurance to age 80) so I am in favour of anything that can offer some sort of protection. But I believe that FG will not go down that road. Remember he gets 10% of all assets realized (read recovered or sold) and if say a claim of 4 million could be bought for an initial cost of 100K then the lawyers would want possibly 30% or 40% of recovered monies. But if FG does it the Frank Sinatra way and gets the 4 million (only an example as cases are worth a lot more!) then FG would be due 400K. FG is not going to pay for something that in my opinion he knows he can achieve at a reasonable cost. RKB PS today I am not looking after my granddaughter so I am allowed on the laptop. Thursday am I will be ready if required to respond to any developments if they happen to roll an egg or two early.

We know from previous RNSs that FG has engaged over ten sets of lawyers. What you say about litigation funding could work but my instinct says FG is doing this his way. He knows about all of the companies in this list (it is in the public record) and he will be and is prioritising cases. I believe FG is working on a three fronts. 1: Tidy up debt / balance sheet 2: Sort out ownership of assets (Ondaland, Mediapolis etc) 3: Go after assets that were previously written off (or lost) and either negotiate a mutually agreeable settlement or litigate. The end result of pursuing on the above three fronts will increase our NAV and as we have so much tax losses to utilize there will be no Corporation Tax to pay on any profits for one or two years. At 31/12/16 we had Euro 59 million available to off-set Corporation Tax and we utilized about 2 million at the interim stage last year. We will also utilize another 4 million for further debt buy back of 4.3 million RNS 21/09/17 at 88.3% discount. This would mean that FG can make profits of up to Euro 53 million and not have any liability to Corporation Tax. I do not expect that Clear Leisure will avail themselves to all of the tax losses only that when we dispose of assets there will be no tax on any gain, neither will there be any tax due if /when further debt is bought back at discount. At some point FG will have his ultimate goal (in my opinion) of having a shell company that has as its only asset the tax losses and a stock market listing and in the process a lot of happy long term loyal shareholders. DYOR RKB

Bond Debt Buy Back FG gave us a very informative Business Update on 7/12/17 One part that I feel has not really been discussed on this BB is the bit about FG has begun discussions with two Bond Holders who own almost Euro2 million of the Bonds. FG said and I quote � the climate of negotiations is positive. This Business update was over three months ago and it could be a few months before we hear of any progress achieved but as always I remain positive that FG will deliver. DYOR RKB PS the list of companies is in date order. The reason why there Mediapolis Spa is listed twice is because in 2009 we had 0.47% in first one and 10.87% in the second one.

Good afternoon Dshox Last year at our vocal AGM I had planned to hand over to the current BoD a list of all the companies that the previous BoD had invested in and the research that I had done on some of these companies. Some of the companies were documented in various reports and some just vanished. I cross-checked with Companies House and also issued RSNs and stuff published on the old CLP web-site that was out there in the cloud and available through unconventional means and then also crossed checked with annual and interim reports. To try and follow this web was almost impossible but it was rewarding as I then found out where some of the bodies were. See below. DYO digging RKB Petspark.com Ltd Wowed Ltd Kalesta Ltd changed to Easyart Leisurehub.com Ltd Fortune Cookie (UK Ltd) Smile-on (Indental.com) Metapak Ltd Channel Gasworld Globe-Rail Iprox Kerb Propex Que Pasa TraderServe The Usability Company Propex Abbotcrown Ltd GeoSim Impression Infusion 2002Ltd Mediapolis SPA Mediapolis SPA Polarizonics China IPO Group Filmmaster Ondaland Bipbop ORH Srl Cogeme Moggle You Can Group SRL Mobnotes SRL Sfroza SRL Imac AC Ancona Sipiem SPA Cambria Co-investment

Principal Assets When you look at last years interim results RNS 18/09/17 there is a mine of information there. FG lists our principal assets, Mediapolis Srl (which we all know now is in liquidation) Sipiem Spa, Geosim Systems Ltd and ORH Spa (the defunct hotels group) Then when you look back at the Annual Results RNS 7/07/17 the four companies named above are classed as our Portfolio Companies. Looking closer at ORH Spa (the defunct hotels group) they were not listed in the foreword of the previous years annual results RNS 30/06/16 and FG only flags this up in the interim results issued RNS 30/09/16. We know from FG communication that it had taken 10 months to negotiate debt buy-back at massive discount and it is my opinion that FG has been actively seeking redress for our Company for the 6 million of cash and shares originally invested in the ORH Spa hotels group. FG is a determined CEO and Chairman and one day he will enlighten us all to the progress that he has made on our behalf. DYOR RKB