Member Info for RKBeekeeper

That’s PR for you

Very disappointed that we have had today’s RNS, now that’s what happens when your PR Company is in lock-down.

RKB

Top of Leaders Board

Part 2

The case against the 12 defendants centres on our legal ownership of 50.17% of Sipiem SpA. Now if we had had control of Sipiem then we would have been entitled to over 50% of the revenue / profits of Ondaland for over 5 years. Ondaland is the Water Park in Northern Italy that I went to visit a couple of years ago after I had also visited the Mediapolis Land.

There have now been two Court Rulings confirming our legal ownership of Sipiem SpA, so you may understand why we are now proceeding at the Venice High Court.

The first hearing in the Venice High Court was on 5th February 2020 where various documents, including the Insurance Policy Documents from two leading European Insurance Companies confirming liability cover of up to €2 million a year (and this “theft” went on for over 5 years) were presented and the Judge has now requested further documents for the second hearing, which pre Covid-19, was to have been last week.

Now a little icing on the cake came to LTH in Clear Leisure with the RNS of the fortuitous information that there was a Ruling in the Turin Court on 10th February 2020 confirming an earlier ruling (issued in 2016) that Clear Leisure had been approved as the controlling shareholder of Sipiem. “Under Italian law the ruling was a ‘fast-track’ ruling, obtained to prevent potential damage to Sipiem by the minority shareholder who had tried, illegally, to take control of the company”.

Why do I say this is a little icing on the cake? Well, if the Venice Court Case had taken place just one day after the Turin Court hearing on the 10th February 2020 then I believe the Venice Court would have made a similar judgement as to the High Court of London and it would have been another win for FG. (If you had watched the video in part 1 then you would notice the similarities as to how FG goes for the “check mate”)

So whenever and whatever FG decides to update us within the next week it will be in my opinion an excellent update in our favour and a substantial financial redress for 5 years of FG’s life’s work on our behalf.

RKB

PS It often pays to go to AGM’s and probe and question the BoD. Chi la dura la vince.

Top of Leaders Board

Part 1

It was an interesting day yesterday to be top of the Leaders Board and remain top. Almost 69 million shares were traded which is over 10% of Our Company.

Yesterday we had a visit from a small “Herd” and as far as I can see there were 13 day-traders who popped in. Their Trades resulted in profits ranging from £38 to £326 and losses ranging from £2 to £144.

Now would the Day-Traders have stayed a little longer if they had took just 5 mins and watch a video of our CEO Francesco Gardin? They maybe would have realised how tenacious FG is.

FG pursued Fortune Cookie for three years and after the first Court Appearance they settled out of court (watch the video) Now it is worth noting that the initial Fortune Cookie writ was issued in the High Court of London in May 2018 and the first hearing was held about six months later when the Court dismissed a Preliminary Hearing and awarded court costs against the plaintiffs and a trial date was set for May the following year.

As all LTH will know, an Out-of-Court Settlement was agreed just one month after we were awarded the court costs. We received £1,150,000 in full within one month. FG knew he had a strong case against Fortune Cookie and he also knows he has an even stronger case against Sipiem.

RKB

http://clearleisure.co.uk/investor-relations/ceo-s-interview.html

Lack of Transparency

I note that LSE South East likes to distort the Trades.

Now why would all the Trades from just after 11:18am today till for about 10 minutes later be “missing” from our Trade Icon?

So the spread just before data “disappears” was 0.27 – 0.30 and then the next 10 Trades were all in the range 0.31 to 0.334.

Is it a coincidence that the Bid – Ask changed and headed south? Was this to assist MM to load up for next week, was it?

We have had over 64 million shares traded (from my Data) so far today and from 9th December 2019 until yesterday we had 156 million traded (over 106 Business Days) Think FG will maybe RNS sooner than “next two weeks” that he indicated last Wednesday.

RKB

Mediapolis Land Funds

FG requested the €1,940,459 balance from the Auction of the Mediapolis Land on numerous occasions and we were informed in early December 2019 that the funds had been transferred by the Auctioneer to the Receiver.

Now with Covid-19 bailouts all over the world and Banks via their Governments lending Billions to support their Companies and economies, do you think it is justifiable that a Receiver is “holding on to” funds that belong to Clear Leisure 2017? I think you will find in the announcement that FG will make next week is that we have had the funds.

RKB

PS There will also be an update on our big legal claim of €10 million against Sipiem and our €1 claim against Sosushi.

Good Afternoon Taverham

Your question about BoD salary & expenses is maybe correct for your dozens of other Companies that you Trade but not strictly correct for Clear Leisure.

FG takes half his “actual” salary in shares. FG's “Gross Basic Salary” is £60,000 and £30,000 is exchanged each year for shares at a premium to the prevailing share price.

What many of the Long Term Holders in Clear Leisure are fully aware of is that FG has over the years managed to avoid placing billions of shares and he does not issue warrants to “The Broker”.

There was one occasion where a previous (naughty) Broker wanted warrants for 2 years and FG only agreed they would last six months. I questioned FG at the AGM about warrants and “Broker” and voiced my concerns and it was resolved when the Broker “resigned”.

The Herd are not presently knocking on the door this week but I am confident that will change soon and part of the key is what happened on 17th May 2018 and 22nd July 2019.

RKB

PS LtdAxis, I had to be an optimist because when I was a beekeeper in my younger days with my late father you had to be “optimistic” that the weather would ideal in the West of Scotland from late March till late September and if you know Scotland then you have multiple umbrellas and the bees are not able to forage in the rain.

Good Morning Paulj996

I do not mind what shares / B.B. you peruse. I now only Post on two B.B. because I am irritated by one or two Trolls and also because AIM is broken beyond repair.

I think if you do your own research and learn from your own errors / mistakes & misjudgements you will survive. If you want to make serious money then the only way is to have a meaningful size in a Company that you know inside out.

I have stated recently that I will not be re-investing any liquidated funds back into AIM Companies as the system does not cater for private investors.

Too many AIM Companies carry-out placings with “people in the know” and reward them with discounts and warrants. Very few AIM Companies have “rights issues” where ordinary shareholders have an opportunity to maintain their percentage holding (if they so choose) I have said in the past that Brokers “forward sell” shares before a placing and LSE, AIM, Nomads & FCA do nothing at all and the ones who are at a disadvantage are you and me.

I wish you well and hopefully your own research will reward you.

RKB

PS I have no issues with my substantial investment in Primorus Investments because I have done my homework and we have no debt, no convertible loan notes a good Nomad and Broker and most importantly a BoD who know what creating value for SHAREHOLDERS is all about.

Good afternoon Linandy1

I think you will find that it will be a virtual AGM with FG in Italy and RE in London along with our Company Secretary, James Gordon.

FG will not want to fly to London for a few hours to see “us” and then be forced to stay in the UK for 14 days when he could be at our newly assigned Water-Park in Italy. Oh you don’t think that will be the case, time will tell.

RKB

Good afternoon Jmorri88

I really did think it was LtdAxis because I knew he had been buying late April (he posted something around that time)

I began recording all the Trades from November last year to monitor the ForCrowd sales and you will recall that ForCrowd got “tripped–up” a little because they thought FG would make up their “manufactured” losses but then realised that FG can only issue shares at 0.25p so they could not “sell” below that price (which they did and then with the help of Broker they “sorted it” just like the Broker “sorted” BOU from their forward selling of billions of shares.

I think most Posters have lost money over the years on some of their “Investments”. I have and to name just two, CHAL & MDZ, I do not go back on their B.B. like Johnnybbad and bad-mouth the Company. I did my research on CHAL & MDZ and went to both their AGM’s but I called it wrong on CHAL and if I had taken profits I would have made over six figures. As for MDZ I did very well, got my money off the table but then watched the free-ride go over a cliff.

I do not invest now in any Company that has convertible loan notes, no longer even look at a Company if it has a certain Broker like the one at BOU and ideally the Company has no debt and cash in the Bank. Not many companies about that fit my criteria at present.

Now what I believe will happen next week is that FG will inform us that the Mediapolis money has been received and that our Sipiem legal claim has been sold on to professional legal claim buyers.

My detractors may disagree with the paragraph above but what they do not know is that FG is about to move on.

RKB

PS The 13 million warrants officially expire in July and the exercise price? Well it is over 8 times the current share price if you use 0.15p

Website Updated

Even though AIM Rule 26 has not been updated since 16th October 2019 (it should have been last month) FG has managed to update our Home Page.

I must say that I was disappointed that nobody commented on what FG was doing charitably for Covid-19. I was already aware that FG was doing something but did not really understand exactly what it was.

In conjunction with ForCrowd srl (“ForCrowd”) the Italian crowdfunding platform in which the Company has a 20% interest, Clear Leisure has supported SIMP Societá Italiana Medicina Psicosomatica (Italian Society for Psychosomatic Medicine) and Universitá degli Studi di Milano (Milan State University) to develop an on-line platform infrastructure to support the delivery of psychotherapeutic help to Lombardy Covid-19 frontline medical and paramedical staff, and also to the general public who, in the region, have been directly and indirectly affected by the virus pandemic.

This has been undertaken by the Company as a charitable activity in response to the COVID-19 pandemic. Below is a link to the initiative, in Italian:
https://www.telepsy-covid19.it

The platform provides infrastructure for psychotherapists who are providing free services to assist their patients. Clear Leisure has been instrumental in providing free advice for the coordination of the project, design and implementation of the platform, whilst ForCrowd has supported the project with a small donation for its development and cloud hosting.

The World has changed and it will not return to anything resembling what we knew for many years. Hopefully people will be more tolerant of each other and that Posters can be honest.

RKB

Good Mornig LtdAxis

I note you still have £388 invested from 24th April; it will not be too long before you see this multiply. (The MM had this trade in as a sell but we both know who was buying a lot on that Friday)

I have pencilled you in for the 3,565,032 sell yesterday.

No doubt you will be up early next for the next thrilling instalment from FG with regards to Mediapolis and our other “historical” assets.

Now if you had subscribed to various Italian Newspapers, would you have sold over 3.5 million yesterday?

I would like to wish you a similar message as Johnnybbad but I am not able to. This is because Johnnybbad is consistent with his view and experience on Clear Leisure Plc, whereas you basically are all over the place, depending if you are infected or not.

RKB

Good Morning Johnnybbad

I see you are still smarting, (at CLP)

I am sorry to hear about your business and I have had demands from BT and I thwarted their attempts to extract additional money from me by requesting them to take me to court and that I would invoice them £60 for each letter, email or text they may send me. I never heard from them again. I also did the same with an Electricity Supplier and any unsolicited junk mail.

I wish you well and I am confident you will survive (like most of us)

RKB

Good afternoon Testing321

Thank you for the link for the article on Fresho I tried this morning to find this article but struggled on my iphone but as you have posted a link I was able to access it (I had seen it on Twitter but I am not very good at Twitter)

Fresho have been very nibble after lock-down and Covid-19 and to be able to change 180 degrees with zero marketing says to me that the Management are on the ball.

I don’t know if you seen the article in “The Times” on Saturday about Octopus Energy?

Octopus Energy are an unlisted company that nobody can buy shares in but what I found intriguing about the article written by Emily Gosden, was that Origin Energy will migrate their customs to their IT Platform “Kraken”. The article implied that Octopus Energy is now a unicorn (worth more than £1 billion) and their £200 million investment is really to gain access to their Karken IT Platform.

When you understand it is the IT Platforms for our Investee Companies that are what makes our investments so valuable (Engage Technology Partners Ltd invested £1,450,000 and Fresho invested about £344,000) then you will maybe understand why an Australian Company invested £200 million to gain access to a similar IT platform. I think Engage will be the main driver of increasing Primorus Investments PLC towards AC goal of £25 million.

RKB

PS The video is only 2mins long and you can get a flavour of what technology can do to transform businesses (just scroll down half a page)

https://www.originenergy.com.au/blog/strategic-partnership-with-octopus-energy-to-transform-origins-retail-business/

AIM Rule 26

I note from the LSE Rule Book that all AIM Companies “should” update their Website every 6 months with any changes to the major shareholders.

Technically ForCrowd should reduce from 8.19% to 6.15% but if FG finally informs us as to how many shares he had to issue for their “paper loss” they will maybe increase a little.

Normally I would be in communication with FG, RE & PR if they had failed to update the website but under the current “lock-down” I thought I would Post here as I know it is monitored by PR (FG does not peruse our B.B. but he does pay PR to keep an eye on me!)

Last week I texted a few friends to say I would not be surprised to see an RNS on Friday 1st May, but as you will all know we did not get any “Business Update”.

The reason why I thought we would have had an update was as “Hamiltonbro” said yesterday at 5:15pm that Eufingest were either to have had their loans repaid or as per their MO “rescheduled”. Maybe we will hear soon that the loans have been repaid by receipt of “funds” from either an out of court settlement or from FG selling our claim onto specialist buyers of legal claims as alluded to in a previous RNS.

RKB

PS I note a certain Poster has recently returned and he/she pops up occasionally over the past two years. They post extensively on about 64 individual shares over the past 27 months and interestingly I met a rather large person a couple of years ago and all they talked about was 64 individual shares. You will recall they could not vote at the AGM because they did not have their I.D. with them. Small world, especially under lock-down.

PPS I hear Greggs have decided not to open their shops, you must be livid.

PPPS This Post was prepared last night before today’s RNS.

I believe you are correct TullyCrow

I read some of the RNS on my iphone but as it was rather complicated I moved onto the laptop.

I will re-read again later today and if by chance it was to be cash I will post but for the present it is just “extra” shares unlisted!

Where a dividend is declared in cash, but satisfied by a transfer of assets, it is called 'dividend in specie'. ... A distribution in specie occurs where a company makes a distribution of an identified non-cash asset, such as without first declaring an amount in cash.

A capital dividend is a dividend paid out of capital profits. ... Non-cash dividends may be described as 'dividends in kind' or 'dividends in specie'. Such dividends will usually be declared in a given amount, to be satisfied by the transfer of assets. The dividend will be equal to that given amount.

RKB

My take on RNS

I have a friend invested here and I tried last year to invest but HL would not allow these shares in a SIPP. My friend is not as good as me with the arithmetic and I was asked by him (or her) to distil the RNS and “guide” them.

The following is my brief interpretation but being a retired Financial Adviser I would recommend that you do take independent financial advice.

Say you have 1,000 shares at present. Providing both resolutions are passed (they will be as I agree with TullyCrow) Then you will have 1,000 listed CRV shares on AIM and 1,000 unlisted shares.

I believe they will pay a special dividend greater than the current share price but you will have to perform your own calculations to confirm this.

After the special dividend your original 1,000 CRV listed AIM shares will be priced substantially below the current price and you will also have the 1,000 unlisted shares which may be hard to trade but in my opinion you will have received a substantial cash dividend payment.

Your website was last updated on 18th March 2020 and they say there are only 3,863,589 shares in issue and I think there are 68.8% shareholders identified under AIM Rule 26 so I believe that both resolutions will pass.

I wish all LTH well.

RKB

Good Morning Testing321

Since his previous TR1 on 7th of April Rupert Labrum has increased by another 2,348,145 and we all assume it is because of Greatland Gold but I believe he sees what I see in Engage Technology Partners Ltd.

Our £1,450,000 investment in Engage which is now a £40 million Company (after confirmation this week at Companies House) sets the scene for either an IPO or possibly a trade buy. My instinct says a trade buy and at many multiples. Greatland Gold is the cherry on the top and a big cherry at that.

RKB

Engage Part 2

If we assume that the A shares and Ordinary shares are both of equal value and you take £24 as the most recent price (last placing was 4th March 2020) then you can do a quick calculation of “the skin” each Director has in Engage. Note there is no guarantee that any or all of the Directors paid £24 for their shares (information is there on Companies House if you dig very deep)

Wayne McDonnell £864,384
Howard Hughes £3,535,800
David Kubyk £272,544
Gareth Larson £134,256
Adam Lee £60,000

Ex Director Rohan Byles £31,176 (not bad for front guy!)
Ex Director Drey Francis £314,400
Ex Director Alex Fraser £1,685,352
Ex Director Paul Longega £2,378,160
Ex Director David O’***** nil (but could hold shares in nominee company)

Any of the above Directors or Ex Directors could have sold or transferred some or all of their shares but this information will not be available till July 2020 (that is when they file their Confirmation Statement)

Praed Holdings £5,200,008, have some common Directors: Howard Hughes, David Kubyk, Gareth Larson, Adam Lee, Wayne McDonnell, Ex Director Paul Longega, Ex Director Drey Francis, Ex Director Alex Fraser, Ex Director David O’*****. What I personally conclude from all the Directors & Ex Directors being involved with Praed Holdings is “golden handcuffs”. If you were to look at their Confirmation Statement you will see many cross-shareholders with Engage.

What you will see from Praed Holdings most recent Annual Accounts filled 28th January 2020 is:

1 The Principal Activity of the Group in the year under review was that of payroll and workforce supply chain management.
2 The total distribution of dividends for the year ended 31st May 2019 was £706,918.
3 Turnover £85 million.
4 Gross Profit £2 million.
5 Profit attributable to Owners of the Parent £1.4 million.
6 Under note 10 it clearly states who gets how much of the £706,918 (you have to cross-reference who owns what shares and what type)
7 Under note 23 it notes the cross holdings etc and a dividend of £1.5 million paid.

So in answer to what does it mean “change in share class name or designation” is that maybe they will change the A shares to Ordinary shares but what I like is the relationship between Praed Holdings & Engage Technology Partners Ltd and the turnover of £85 million and the profits of £2 million and then there is the dividend of £706,918.

You have to ask the question why have Primorus Investments Plc invested £1.45 million (about one third in value of all their investments to date) into & Engage Technology Partners Ltd? I believe that this investment of £1.45 million will generate a great percentage return than Greatland Gold which at present is up 350.71% as at yesterday’s close at 8.6p.

RKB

Engage Part 1

Good Morning Testing321

It would only be speculation as to what a change in share class name or designation means, but what I can do is state some “facts” and draw your attention to the relationship between Engage & Praed Holdings.

When Engage was set-up in March 2014 there were 100 Ordinary Shares held by a Mr Rohan Byles (Australian) dob April 1984. Mr Rohan Byles was a Director from March 2014 to March 2017.

On 15th February 2017 the 100 Ordinary Shares were sub-divided into 1 million shares. Technically at this point Mr Rohan Byles controls all 1 million shares (he is the front guy for the real guys)

On 15th February 2017 the 78,600 Ordinary Shares in issue were changed to A Shares. Also at this time the company name was changed to its present name, Engage Technology Partners Ltd. Note there are no documents filed at Companies House to say when the number of shares increased from 100 to 78,600.

On 10th March 2017 seven new Directors are appointed and Mr Rohan Byles resigns. (so he was the front guy) Of the 7 new Directors 4 resigned in September 2019 which left David Kubyk, Wayne McDonnell & Howard Hughes. (note other Directors were subsequently appointed but you may want to focus on the three original Directors)

Now the last Confirmation Statement was filed in July 2019 which has details of who owns how many shares. Note there are A shares and Ordinary shares.

Wayne McDonnell 36,016 A shares. Nil Ordinary Shares.
Howard Hughes 53,069 A shares. 94,256 Ordinary Shares.
David Kubyk nil A shares. 11,356 Ordinary Shares.

Now there is a Fiona Hughes with 14,525 Ordinary Shares but I can’t say if related!

Primorus Investments Plc own 72,123 Ordinary Shares (remember they are worth £24 each)

Current Directors (excluding the above 3) have:

Gareth Larson 3,237 A shares. 2,357 Ordinary Shares.
Adam Lee 2,500 A shares. Nil Ordinary Shares.

RKB

Good afternoon Testing321

I will answer on Wednesday.

RKB