Member Info for RKBeekeeper

Morning MaxHSpringer Yes you are correct and it is only a matter of time when they actually IPO. Whenever they do list it will be at multiples of current price and as we know we invested at �22 so looking forward to that RNS. RKB

Engage Technology Partners Ltd We have invested �900K in two tranches of �400K and �500K and on paper this is worth �1,086,668 as we have 49,394 shares and last investment was at �22 a share. We have on paper increased our original investment of �400K by 46.67% in less than seven months. On Companies House https://beta.companieshouse.gov.uk/company/08926632/filing-history You may find something of interest. There were two early investors on their share register as at 4/07/17 (two months before Prim invested) a Mr A C with 1,320 shares and a Mr J T-F with 1,000 shares. At that date there were 780,630 ordinary shares and also 284,171 A Oridinary shares also. There were 53 shareholders as at 4/07/17. Since Prim first invested there have been no updates at Companies House to confirm who the current shareholders are but from my experience of monitoring Companies House I would say that Engage are preparing to IPO. If you have a look at Engages accounts to 31/05/17 you will see they had �1,844,299 cash in the Bank. DYOR RKB

Good afternoon Timmit Yes I agree with what you have found out but you need to look at the beneficial owner of An Idea Lives on Ltd. It is a Mr Remo Zerbini (Italian aged 49) What our new shareholders will have to be very careful of is acting in concert. I am not saying they are and have no reason to think that they are but it is intriguing that this new shareholder is A) Italian B) Has chosen to hold his shares in a company that has been dormant for three years C) Has a company name that could be significant to their goal DYO digging in a corn field RKB

I disagree that the big sale yesterday was an investor tidying up for the end of the UK Tax Year on 5th April. It could be but it could have been something more interesting. We first found out about Bank of New York (Nominees) Ltd (NYN) on 8/02/18 when our AIM Rule 26 was previously updated. At that point they held a shareholding that had to be disclosed under FCA rules: 7.35% When you think about NYN shareholding it is (was) about 27,093,910. Now as of yesterday they have done a David Blaine and vanished. We do not know if they have sold all their shares but they have less than 3%. You have to take a step back and try and work out when / how NYN acquired their shares. We had a placing on 26/01/18 at a price of 0.6p. for 58,333,334 shares. You also have to make your own mind up as to why on the same day our joint broker resigned. I am not implying anything, just pointing out two things happened on the same day. If NYN have just under 3% so not disclosed anymore, then they would / could have about 13,014,096 and possibly sold about 14,079,814. This may explain the recent 1 million plus sells over the past few days and if they have sold out then maybe we will re-rate soon. DYOR RKB

Good Morning Linand1 I think if you were to look again at the current major shareholders you may agree that Eufingest still retain all their shares that they had from the last update which is a little above 86 million. Yes they are under 20% presently but will increase this when they convert some of their two outstanding loans. In yesterdays post the figures were slightly out. Since the AGM last year a total of 123,511,906 shares have been utilized from the available authority of 200 million. This leaves a balance of 76,488,094. If all this was to be converted from Eufingest SA Loans then the total number of shares in issue would be 510,291,286 and 30% of this increased amount is about 153,087,386. This would mean that Eufingest SA could take about 66,803,931 and FG would only have just under 10 million shares available for either UK Private Investor Loan conversion or FG salary sacrifice. Eufingest SA will not take their shareholding up to 30% they will do what is best for Clear Leisure after consulting FG. But Eufingest SA will increase their shareholding by converting some of their loans. If Eufingest do not convert any of their two loans before this years AGM then our BoD will have to consider increasing the mandate for issuing shares as 200 million is insufficient to cover all of Eufingest SA Loans. Now hopefully Posters will see a bit more clearly why I was trying to have a debate yesterday about an EGM. We as shareholders are the ultimate owners of Clear Leisure and if we work towards our goal of increasing our market capt with the BoD then I am confident we will succeed. DYO double checking of figures as even I can make an arithmetical mistake. RKB PS Personally I do not want the expense of an EGM. I would just like to ensure that we are all working towards similar goals.

Good morning LimitedAccess The year end I was alluding to was 31/12/17 Companies House is an excellent research tool. RKB

AIM Rule 26 Yesterday our website was updated with all the major shareholders to reflect the current shares in issue of 433,803,192. I note several changes that are interesting for me (but not for the day-traders as they would not know where to begin looking) but as we had very little debate yesterday on our BB I think genuine holders may want to do their own research. I am a numbers man and not as good as my wife with words but sometimes I ask her what she thinks of something that I am working on and she then asks me why and I say to her ... why would someone call their company that name? I am not deliberately being cryptic but how can I encourage Posters to do their own research? DYOR RKB PS when you do extensive research for all the companies you are invested in and keep meticulous notes you can track and trace people via name, address, dob, company, known associates, country of residence etc and then you can make an educated guess as to who lends to who and who supports who and who are the movers and shakers. Also it is always a point of interest when year-end dates are extended to align with related year-end dates of companies that I am invested in.

Good afternoon Nigel If the BoD are approached by like minded PIs they may consider having a placing for all shareholders to participate in. At last years AGM I said I was happy with my holding at that point in time and also said that Max would be interested in participating in future placings. I have not asked Max his opinion on this but I am sure he will respond either on this BB or directly with PR, Nomad or FG if he was interested in partaking of any general placing. Normally when the BoD get close to utilizing their authority they either call an EGM to increase their mandate or announce a placing possibly for all shareholders to participate in and stipulate that the placing will only proceed providing they obtain approval at an EGM. I am trying to stimulate a discussion on our BB so that all views are voiced and then our BoD will have more information for them to plan for the future. RKB PS I have not clicked the button for buy / hold or sell on any share that I Post on for over 8 or 9 months (to the best of my knowledge) as I would prefer Posters to make their own decision on their investments.

Good afternoon Timmit I do not think there would be any point in issuing further shares in CLP 2017. The purpose of setting-up CLP 2017 was to ring fence the land in favour of Eufingest. As CLP has already agreed to a charge on the �1 nominal share of CLP 2017 in favour of Eufingest SA then I do not think whoever is the real power-broker behind Eufingest SA agreeing to further shares being issued in this subsidiary. It is only fair that Eufingest have first call on the Land as they have kept us funded over the years and they need to ensure they will be able to get their own Euro 2.4 million loan repaid by 2020 and as we have the first charge secured on the Land then there will be no issue in Eufingest SA being repaid. My Post earlier today about an EGM was Posted to try and elicit a debate about the merits of future share placings. But also to give the BoD a feel if there would be a conscientious agreement to increase the nominal share capital. If we do genuinely have LTH who want to see the true value achieved with our company then we either have to take on more debt to fund all the litigation FG is engaged in on our behalf, or swap new debt for existing debt or have head-room to allow Eufingest SA to take their share-holding up to just under 30%. As my Post said we are getting close to the limit that has been approved and it would be prudent to increase this limit if it is to the benefit of the Company. RKB

Possible EGM Required I think FG may have to convene an EGM before this year�s AGM. Why do I think an EGM may be required? At last year�s AGM, the special resolution, which was passed unanimously on a show of hands, gave the BOD the authority to allocate up to �500K of nominal capital. This in effect meant that FG had the authority to allocate up to 200 million shares up to and including this year�s AGM. I calculate that since the last AGM 123,511,906 shares have been issued (26/01/18 58,333,334: 9/03/18 22,321,429: 16/03/18 42,857,143) This would only leave the BOD the authority to issue 76,488,094. The BOD need to issue some shares in exchange for FG�s salary sacrifice of �30,000 and if this was issued at say the average of the 123,511,906 shares then it would convert at about �0.00705 but for this calculation I will use �0.007 so that works out at about 4,285,714. Then there is the second half of the UK Private Investor loan of Euro 250,000 that is still outstanding that could be converted (unless it is redeemed)) and if this second part of the loan was converted not at �0.01p but at �0.007 then there would have to be another 31,617,286 shares issued. So when we issue shares to FG for salary and loan conversion a total of 35,903,000 shares would then reduce the amount available to the BOD to about 87,608,906 for future funding and converting some (not all) of the outstanding Eufingest loans. We took a small Euro 250,000 on 2/01/18 from Eufingest and this has to be repaid by 31/03/18. I believe this will be rolled over next week but it could potentially be converted at �0.01p. FG will not convert this loan at �0.01p when we are currently about �0.0075 but if it was converted at �0.01p then this would result in about another 22,321,429 shares being issued and then BOD only have about 65,287,477 shares left of the original 200 million, which I do not believe is sufficient to continue with debt buy-back (at discount) and to fund ongoing litigation unless ..... DYO thinking as to what FG needs funds for. RKB PS I would give my vote to FG if he wanted the authority to issue up to �2 million nominal capital as this would permit him to execute his plan for our company without any impediment and would allow Eufingest to convert most of their loans at some point in the future when the time is suitable for all stakeholders.

Hi My2penneth I will look in to The Lemon Fool in more detail. When I used to post on ADVFN I found I had to re-post what I had posted on LSE and I would prefer to spend my time researching than dealing with so called PIs who missed out on their primary school education. Thank you RKB

Hi My2penneth I had a look at The Lemon Fool, interesting, I will observe but not post as I feel that LSE is sufficient for posting on a BB but it is good to look at others and see if they are posting research or like ADVFN pure rubbish. RKB

Good afternoon LimitedAccess & Nigel Yes AIM is basically a casino nobody (apart from the genuine LTH) wants to do any research and only want a quickie. We just have to live with the situation where an RNS is issued and then it is anybodies guess which way our share-price will head. As for transformational news, I believe it is not far away. I do not think FG will have anything to bury along with the good news. FG only goes for placings when we need hard cash for important things and there are a few that hopefully be RNSed soon. Ondaland is going to catch the day-traders off-guard. RKB PS I tend not to use apostrophe anymore as LSE BB seems to convert it to a GBP sign, not that it would make much difference to 90% of the day-traders as I am of the opinion their (note their and not there!) attention span is limited to 10% daily gain / loss on their stake.

Good afternoon Linandy1 Yes you are correct and the onus is on the shareholder to inform the company if they have an initial notifiable holding (3%) or if they cross a notifiable holding. So we found out that Bank of New York Nominees had 7.35% as at 8/02/18 and now assuming they have not changed from about 27,093,910 then with the recent increase in shares they would have 6.25%. As per Financial Conduct Authority Rules the onus is on the shareholder to inform the company. Bank of New York Nominees could have bought a sufficient amount of shares to stay above 7% and to avoid having to issue a TR1 they would need to either purchase in the Market or obtain shares in the recent placing of about 3,253,524 and if they did they would be on exactly 7% and not be required to issue a TR1. When we have an updated AIM Rule 26 what all LTH (not the day-traders) will be looking for is to see what is legally disclosed by Bank of New York Nominees. What I would be impressed with is that their shareholding has increased as this would show a vote of confidence in FG. In the past I used to be unwise in my hounding of various CEO and at times I was too big for my boots. Now I apply a different approach and try and work with BOD for all stakeholders benefit (as it does not pay in the long-run to irritate BOD and CEOs. https://www.handbook.fca.org.uk/handbook/DTR/5/1.html RKB

Thirty years ago I used to use charts but over the years I have discarded them as too many PIs use them and they sometimes they can be self fulfilling. I have been slowly rebalancing my portfolio and like a few others I nearly bought in before the recent drop. I monitor a number of shares and I believe that Micro Focus is an excellent company and that the MM deliberately crashed the share-price to trigger stop-losses. This happens every four or five weeks (Provident Financial, Dignity to name just two) My goal is eventfully to be in top 200 or 250 company shares all paying dividends of 5% or more and only have 5% of my money in AIM. Micro Focus is a good dividend payer and as the BOD have today spent about �445K on their shares what better endorsement for our company. RKB PS I bought in at �8.50

What you have missed I have come to the conclusion that over 90% of Posters have not got a clue what investing in shares is all about. On another BB there was a poster yesterday who did not know about dividends and how they would be paid and if a dividend was paid the wanted to know if they would still have their shares. I thought there would be a more intelligent debate on our BB about what has happened under the leadership of FG and certain particular points picked up and debated. There was practically no debate on the allocation of creditor rankings and the fact that we CLP are due 93.85% of all distributable funds after the first charge has been paid along with the more senior creditor for 165,718. Neither was there a debate about Mediapolis only having two assets, the land and the ten Sardinian Villas. There has been very little analysis either on our major shareholders or the UK private company who originally lent us Euro 500K and then half of this loan was repaid in exchange for 22,321,429 shares at 1p (shares admitted on 14/03/18) That was one week ago. The 22 million shares are 5.15% of our current shares in issue of 433,803,192 but there has been no TR1 issued, why? Do PIs not think this is strange that a shareholder can hold 5.15% of our share capital and not disclose?(they can not have sold as share price has been less than 1p) Also our AIM Rule 26 has not been updated since 8/02/18 when we first discovered Bank of New York Nominees were flagged up as a shareholder and on that date we had 368,624,620 shares in issue and now we have 433,803,192. If a Private Investor is to make an investment decision on wither to hold, buy or sell their shares they could benefit from accurate information on who are the major shareholders in Clear Leisure. Hopefully soon we will have up-to-date information under AIM Rule 26. DYOR thinking as to why this has not been updated. RKB

Some Statistics Recently it has been commented on our BB that the spread has been as high as 30%. This does seem strange but this could be due to low volume or is it? One of the tools that I use is counting shares, as there is a lot of information that can be gleaned if you look for it. MM often move the spread to disguise the buys and sells and as we also trade on NEX we (as far as I can tell) do not know the true spread. I make my own judgement on the buys and sells and try to record the correct trade if I feel it has been incorrectly recorded by LSE. From 16th January 2018 there have been 44 trading days. Total volume: 692,955,969 Buys: 370,853,497 Sells: 322,102,472 Average per day Buys: 8,428,489 Sells: 7,320,511 There have also been 522 LSE Trades and 173 NEX Trades and almost 16 Trades per day. When you look at the daily average it almost balances out but over the 44 trading days it is out by 48 million. MM have to balance their books and if the books were balanced then the buys would match the sells and there should be about 346,477,985 buys and sells. What I calculate is that MM have said there have been about 48,751,025 more buys than sells. We all know this not correct. MM do balance their books and over a few days there will be some anomalies but not 48 million. The statistics began to get out of kilter from just after the 23/02/18. For three days the anomaly was 2 million and then on 26/02/18 it jumped to 15 million and it has gradually increased ever since. The reason why the statistics are out is because the spread is not accurate. MM have to create a market in our shares and they move the spread to disguise either a big buy or a big sell or whatever. You have to analyse in great detail the spread and watch when it suddenly moves and then make your own decision. We have had no placings since 23/11/17 so there can be no speculation that shares have been forward sold. Whenever you buy or sell any share and it is not recorded correctly you may want to post on your BB that MM are not recording trades correctly. You do not have to say you have bought or sold just let the MM know that although you know they have to make a market in our shares and make a profit but that you also want accurate information to assist you with your investment decisions. RKB

I bought in to Primorus Investments Plc after extensive in-depth research. When I research a potential investment (not a day-trade share) I first of all look for little or insignificant debt and if no debt at all even better: Tick Also don�t want to see any convertible loan notes that will dilute my investment: Tick BOD with a good personal stake in the Company: Tick, Tick BOD who are approachable, return your phone calls and are not evasive and are open and honest (as per LSE rules permit) Tick I also like to meet BOD face-to-face: No tick yet If my investment is not producing something (to generate revenue) then I have to understand how the BOD will pay the bills and keep the lights on (without diluting my stake too much) I have no issue with placings if the funds raised will be put to good use: Tick It is a Bonus if there are tax losses available to off-set future potential profits: Tick Annual Accounts have to be clear and contain information that it is easy to understand for potential investors who are not fully up to speed with accounts the way I am: Tick I am not interested in what previous BOD have done or not achieved, if there has been a complete clear-out of previous BOD, good, as this allows the new BOD to take the company in the direction that hopefully will be beneficial to all stakeholders: Tick I have to have a low average so that when the herd arrive I will be able to slowly top-slice to enable me to obtain a free-ride. Until the herd arrive you can be invested in a fantastic company but it will not show capital appreciation unless there is a demand for your shares. At present we lack demand, when our BOD announce dates for IPOs then I am confident the herd will arrive. RKB

Alba Shares Over the past few days there have been various Posts regarding our sale of Alba shares and the balance we retain. When we sold the Gold Mine we received 83,333,333 Alba shares and from the TR1 last week we now know we retain 69,833,333 so my arithmetic tells me we have disposed of 13,500,000 shares. Not the 16 million quoted or the 69.8 million either. We will not know how much we actually received for the 13.5 million shares. We can assume that the sale of 8.5 million at 16:31 on 28/02/18 was part of the disposal but as the TR1 said we crossed the 3% threshold on 1/03/18 then there must have been a sale or sales on the 1/03/18. Taking an average price of �0.0037 we would have received about �49,950 which is close to the figure of �50K that has been Posted adding this to the cash in the Bank of about �702,647 means we have just over �750K available to invest. DYOR RKB

Hello Pugshares, As you mentioned Weshop I thought I would post some research so as to distract some of the attention away from HH and more to one of our other investments. Our investment in Weshop We originally invested �200K about 1/09/17 and then another �675K in Nov 2017. In total we have invested �875K. Originally Weshop was called Social Superstore and was incorporated on 21st September 2012 using standard articles of incorporation (which were 22 pages long) On 30th January 2018 new amended articles of incorporation were adopted which are now 35 pages long. You may think this mumbo jumbo 35 pages of stuff is irrelevant but I think you will find that this is the ground work being laid for our IPO on AIM. Also the accounting period was shortened from 31/03/18 to 30/09/17. It is my experience that by making the year-end last September yet more due diligence is in process to enable the IPO on the AIM to proceed sooner rather than later. Also two directors resigned only a week ago which looks like further ground work being laid for this IPO on AIM. From Companies House the document filed on 21/09/17 has the most up-to-date list of shareholders of which there are 75 shareholders at that point in time with ordinary shares of 4,112,805 worth at that point in time �5.36 each (�22,044,635) There is a final document lodged at Companies House on 6/02/18 which has total shares allocated as 4,296,130 at a new price of �5.98 which now values Weshop before IPO on AIM at �25,690,130 but when we made our last investment in Nov 2017 AC said it was on a fully diluted valuation of approximately �30 million. When Weshop do list then I believe it will be at a premium to the most recent price of �5.98. DYOR RKB