London South East | The UK's favourite investor portal.

Easyart Holdings Ltd

Before we receive our next large dump I thought I would research one of our old Companies Easyart Holdings Ltd.

If there is a large dump then I will open Pandoras Box.

For the record I and my family are still holding not sold any (since I last stated)

LtdAxis : “Just Under 2 million” try 1,767,600.

RKB

https://en.wikipedia.org/wiki/Pandora%27s_box

PS I will be driving in 5 mins at 4pm and will be on M8 heading towards Airport then I collect daughter believe it or not at about 4:20pm then drive back home but it is not me.

Good afternoon Linandy1

I do not know the name of the Receiver who received the funds.

I have gone back into correspondence when I registered to bid for the Land and there is no record of any names only generic stuff. I did find out a little about the particulars of the land and they emailed me the following.

Land with building capacity aimed at the creation of a multipurpose complex-theme park with mixed, commercial, touristic-receptive and productive destination.
Code 392503
Price € 2.611.166,25 (Off. minima: € 1.958.374,69)
Typology Plot of land
Rooms 0
Address ragione Guadalungo - 10010
Township Albiano d’Ivrea (TO)

Date of sale Wed 25 Jul 2018
Sales Date Basic price Outcome
Wed 27/09/2017 €3,481,555.00 Deserted

Our AGM was on 25/07/18 which as you know I was at and Simon Cawkwell was also present but not able to vote as he did not have I.D. or proof of his shareholding.

Now I have to say I am a little disappointed in Francesco when he announced on 20th December 2019 that “the Company has been advised by its Italian law firm that on 11 December, the amount of €1,940,459.27 was transferred to the Receiver by the auctioneer of the Mediapolis land auction. The Company has requested the transfer of these funds, less costs, to Clear Leisure 2017 Ltd.”

I note that the above information (request of transfer of funds) was buried at the end of the RNS which went into great detail of the Loans of our Swiss Benefactor Eufingest SA.

I would have expected this information (transfer of funds request) to have been communicated no later than the 12th December 2019 and not as late as the 20th December 2019.

We have extended the window for ForCrowd to unload up to €40,000 worth of shares from the 15th December 2019 to 31st January 2020 why?

It appears to me that information has been “delayed” for whatever reason but obviously it will not be to suppress our share price to facilitate ForCrowd!

Because we have not “officially received” the Land money in 2019 there will be another loss recorded for the financial year 2019 but if (when) the Land money arrives then there will be a profit disclosed for 2020 but will we be alive in July 2021?

RKB

Hello Chriszzr

I do believe that you have brought something up that obviously I knew about but others may have forgotten or not thought relevant (3% warrants)

I was asked by Jimmy2011 if I was glad I had sold when I did or wish I had held. Well I have said previously I do not like being in a suspended share regardless of the reason for suspension. I prefer to have access to my capital at all times and I set goals. Many on AIM are looking for 100% + in weeks when they buy a share but if they put their money in a Bank Account say in Iceland that offered 100% a year they would think it was not possible and not take the risk but we PI’s in AIM take the risk when we buy but most of us are too greedy. Like RMR1969 I am moving my money back over to top 250 companies for capital growth and dividends because as was reported last week “over 70% of investors in AIM lose money” That is probably correct and if it is 10% probably break even and maybe 20% make some money and serious money at that. (I moved money in to a Potash mining company in late September and today 14 weeks later cashed in at 53% profit) I may not have had the funds to reinvest if I had remained invested in BOU.

Antos is a wealthy man and he obviously knows what he is doing. He has declared 15.85% and as we know has the option to increase buy the 3% of the enlarged share capital providing that occurs. I have not spoken to him for a long time but I believe him to be an honourable man. If Antos only wanted the PSL asset (which he got for £1) then it was an expensive way to go about buying his shares in 2018 at I believe substantially higher than the current (suspended) price. So the question really is, will Bould Opportunities PLC RTO into ideally a Gold Mine? I would like to think so because....

You need to know how the system on money laundering works. I am not implying anything untoward just imparting some knowledge.

Mortgage Fraud is one of the largest Financial Crimes in the UK. Now if I walked into a solicitors office with say £250,000 in cash and said I wanted to buy a property do you think I would be allowed? Banks and others have systems in place to detect what is known as money laundering. But If I had say a large share holding in XYZ and sold the shares via my HL Broker then the proceeds would go straight into my bank account. My Bank would see the origin of the funds and would have no concern.

If I own shares in an illiquid company (unlisted) then if I wanted to sell any of my shares I would have to find a buyer and why would a buyer buy shares in an illiquid company?

Please do not interpret that I am implying anything illegal, when a Company comes to Market it permits the founding shareholders to realise some of their investment (which they may have held for years) and if they do sell some shares then they can transfer funds from their Bank to their solicitor if they are buying say a £25 million mansion.

RKB

Good Morning

I had a spare 15 mins yesterday evening so that is why I had a look at your B.B. I do not have a holding here but as most of you know I did and I called it correctly on three occasions.

I quote HaveNoClue from 17/05/19 “Note to all do not interact & feed the trolls.” Well I would refer any Shareholder in BOU to take 2 mins to read his posts and make your mind up as to his contribution to the B.B. (and the world) a sad person who trusts nobody.

I only have one I.D. and I only post basically on the Italian Company.

Some thoughts on BOU:

If you are invested here then you should know the total numbers of shares “they say” are in issue.

You should then be able to accurately work out the Market Capt. as at the date of suspension.

Next you have to read the Annual and Interim Reports and attempt to work out how much cash they had on day of suspension and then work out how much you think the cash burn has been during the past three months of suspension.

With the above information you have to attempt to put a value on the “Share Listing on AIM” i.e. how much is that worth.

Finally you need to know how much of tax losses (allowances) will possibly be available to be utilized by the RTO target.

Now when you have an idea on this information then you have some basic research, but what do you do with that?

Well to make it easier to understand, I would pretend that I owned 10% of BOU. This is because you have Antos on 15.85% as at 3/06/19. Now “pretend” you and Antos have 25.85% in total then you control the company, no special resolution can pass without your agreement, so you both are in a very strong position.

So you have 10% of what? Well you have worked out the above numbers and came up with a value, so what is your 10% worth?

Next you look at the current value of the RTO company (Gold, Health or whatever) and also pretend that you have 10% also in that company. How much will your BOU shares be worth after you RTO into the other company and how much will your original stake be worth in the other company after the RTO? How much were your stakes worth before and after RTO?

I know it is not a simple calculation to work out but if BOU was worth £3 million and RTO Company £100 million (for example only) then before you had £300,000 & £10 million, after RTO would you own £10.3 million?

If there has been some intelligent debate on the above I will post a little more, if the Trolls come out in droves, I will retreat to my apiary.

RKB

PS Again I wish all holders here a profitable 2020.

Taxes & Reverse Takeovers

Often you will see on the B.B. posts about RTO’s and Cash Shells.

Clear Leisure does have substantial Tax Losses available to utilise (if required) There have been posts in the recent past of €50 million tax losses available but it is not as straight forward as we all think.

In the Clear Leisure Accounts for 2018 FG quotes The Group’s unutilised management expenses and capital losses carried forward at 31 December 2018 amount to approximately €21 million (2017: €20 million) and €9 million (2017: €9 million) respectively. But is this true?

You need to re-wind a little and look at what FG recently said about the London & Milan 3D virtual mapping and utilising the technology of our investment in GeoSim. (more on GeoSim later as it is important)

FG intends to Crowd Fund for both London & Milan initially at €7 million and that Clear Leisure will retain a majority stake. FG said “The board of Clear Leisure currently aims to have a controlling interest in each fully funded Newco. As a result of this proposed approach to financing the two Newcos, Clear Leisure shareholders will not be diluted.”

So if we are to have a controlling interest that would be say 51% or €3,570,000. Where will we obtain the cash of €3,570,000 when at present we have no money in the Bank?

Brainspark Associates Ltd is a wholly owned subsidiary of Clear Leisure and it has one investment. This one investment is the 4.53% of GeoSim Ltd currently in Brainspark’s accounts at €583,319.

Clear Leisure currently have for “The Company” retained losses of €52.194 million and “The Group” have retained losses of €62.286 million.

Brainspark Associates Ltd have in “their” Profit & Loss accounts €36,250,439 (negative value)

Summary: We have various ways to utilise our tax losses but from my “bird’s eye view utilising GeoSims technology” it looks like Brainspark Associates is about to become more visible.

RKB

PS Our little seller this morning must have needed some funds for the January sales but it appears to me that by “investing” £400 the week before Christmas and selling the week after Christmas they have lost £83. As Del Boy would say .....

Part 2

AS: Why the need to set-up 2 new companies, why not do this by Clear Leisure?
FG: Because we felt that we could take advantage of the Crowd Funding platform (ForCrowd) which we invested in October and raise funds through this platform so we are not going to dilute our shareholders but basically we will be raising the initial €500,000 for each company. And why two companies? It is because we believe that it could be a different appetite for an investor for a small city like Milan but I mean really dense in the sense of contents and a really large city like London, international, and so there could be two different appetites of investors and we give them the opportunity to choose which ones they like best.

AS: So you are looking to raise €500,000 for each (company) initially?
FG: Yes for each, which will cover the data collection and the development of the first Km2 (square kilometre) of high resolution and then further money will be raised either by through the Crowd Funding platform (ForCrowd) or through other investors but the important thing for our investors we are creating value without diluting them.

AS: That is what is interestingly your own fund-raising to one side, the fact that you have got a stake in this ForCrowd platform means that you are getting commissions from other fund-raisings as well.
FG: Yes, basically we structure a deal whereby we receive commission by introducing companies and by introducing investors to the platform and so that is a way for an investment company like us where we can realise, can generate cash by only realising assets so we are trying also to generate returns by offering services and that is why we structured the deal with FowCrowd based on commissions.

AS: Where does this leave your litigation?
FG: Basically that is a chapter of our history has been closed in the sense that we have rapped them in (ring-fenced) them in this Company Clear Leisure 2017 our lawyers are working and trying to recover €10 million + of claims but we are no longer a litigation company as we have been defined. We are an investment company in technology and these two new investments are the proof that we have really turned the page.

AS: Nice to see you, thanks very much.
FG: Thank you very much indeed.

RKB

http://clearleisure.co.uk/

https://www.forcrowd.com/

5 Minute Interview

Part 1

On 16th December 2019 FG gave an interview with Andrew Scott of Proactive Investors about “Clear Leisure to launch ‘digital twins’ projects for London & Milan.”

The following is a transcript that I have taken which is as accurate as possible.

Please note this is Copyright with Proactive Investors.

AS: With me this morning from Clear Leisure I am joined by Francesco Gardin, Francesco, good to see you, good morning.
FG: Good morning, to see you again.

AS: Tell me about these two new business initiatives that you have announced this morning, it sounds quite interesting; tell me a bit more about what’s involved?
FG: Basically we have been holding this small minority in this company which has unique technology, they developed a platform to really develop 3D models of Cities at an unprecedented scale of resolution which is 1cm per pixel and they have been using this for a number of applications like 3D model of one of the major airports in Asia, Vancouver, Downtown LA and we thought that given we have made this investment in this Crowd Funding Platform (ForCrowd) that we will use this opportunity to create 2 companies which will raise half a million each (€) to start data collection and modelling of 2 of the most important cities in Europe, London & Milan.

AS: And once you have collected the data you have modelled the cities, what are the applications?
FG: The applications are unlimited; you take Real Estate you can insert in these out-door models the in-door part so can model the 3D model of the apartment or flat and insert it into the 3D model of the city and so basically you can walk around the flat and see what is outside the window you can couple this with this infinite walking virtual reality platform so that you can literally walk around the city with your 3D helmet or you can integrate it for Local Councils for geographic information systems about the infostructure in the city so you can see what is actually under the street, under a wall so the number of applications are really virtually infinite. When you have accounted for this level of detail really you can use it for video games, you can use it for movies, you can do “virtual shooting” within this model because basically, I am sure if you have seen one of the latest movies which is “The Lion King” you can’t really tell the difference between the reality and the virtual reality and with this level of detail of the city you basically have the same (in the same position) you can’t really tell the difference between a real building and a virtual building.

RKB

Hello Rusty

Before we can estimate the potential value of the two 3D Mapping projects of London & Milan we need to first ask the question, why have two separate Newco’s?

Well if PI’s were to actually look at the ForCrowd website and do some basic research they will realise that there is a maximum that can be raised from crowd funding. Also the company that is seeking money (crowd funding) is limited to certain types and sizes. Potential investors have to have an Italian Tax Code.

It appears to me that the way that FG has set-up the two Newco’s is to target different investors but also to get several bites of the cherry.

Because FG introduced the two Newco’s then we get 1% of the total funds raised (so on the initial €500,000 for each Newco that is €5,000 but if FG introduces an investor then we then receive an additional 3%)

So for the purposes of this Post let us assume that a person living in Switzerland but registered as an Italian tax payer, invests say €100,000 then CLP receives 3% or €3,000. Now FG knows many “investors” and may introduce a few of them and it is my understanding that there will be no issue in successfully raising €500,000 for each Newco.

Now FG clearly states that “The board of Clear Leisure currently aims to have a controlling interest in each fully funded Newco. As a result of this proposed approach to financing the two Newcos, Clear Leisure shareholders will not be diluted.”

What this could mean is that we invest €251,000 in each Newco so that we would begin with a controlling interest but as the Newco “expands” especially the London one, Clear Leisure may not retain a controlling interest but we would possibly get our 1% and maybe the extra 3%. But if I know FG he will probably want to retain a controlling interest and one way to do this is to accept additional shares instead of “fees” (just like his salary exchange) but in this case for the benefit of Clear Leisure shareholders, only time will tell.

Yesterday on the ForCrowd website the first two Crowd funding projects are listed along with a video. There is a third project that is still being evaluated.

Obviously as you would expect the first two projects are our London & Milan ones.
What appears to differentiate ForCrowd from other Crowd Funding sites is their Scientific Committee.

Summary: It is not possible to hazard a guess as to what the potential value could be for the two Newcos but if they are successful then I am sure FG would want to Capitalise on all the Capitals of the World (just under 200 at present) There are about 436 cities in the world with 1 million or more inhabitants.

RKB

https://www.forcrowd.com/

PS I think you should take out a restraining order against your maths teacher.

ForCrowd

Part 1

I studied the ForCrowd website in-depth last night. I translated 95% of what was there but there is too much information to put into a Post and because it is in Italian (English version not live at moment) some of the translation is not grammatically correct and it is all a bit technical.

There is a section on Crowdfunding and what type and size of business is permitted. There is a question & answer section. They also say that the Crowdfunding money requested (minimum & maximum amounts) will have a progress update in real-time.

There is a section for Investors. You have to have an Italian Tax Code to participate. There are many “tax advantages” if you invest in one of the companies.

Exemption from stamp duty and administrative fees due for registration in the business register and the annual right to the chambers of commerce for start-ups.

Tax benefits for directors, employees or collaborators remunerated through financial instruments. The amounts paid in the form of financial instruments or option rights do not contribute to the formation of the taxable income of the recipients.

Tax credit of 35% on permanent employment of highly qualified personnel up to a maximum of € 200,000 per year for start-ups.

Simplified, free and direct access to the Central Guarantee Fund, a government fund that facilitates access to credit by granting guarantees on bank loans.

Discounts for Investors: If you are a natural person or a company and you decide to invest in an SME or an innovative start-up, you can benefit from tax breaks of 40% IRPEF DEDUCTION AND IRES DEDUCTION . If you are a Physical Person (I don’t know the difference from a natural or physical person!) They have the right to deduct in their annual tax return an amount between 30% and 40% of the amount invested in the share capital of one or more innovative start-ups.

The percentage of deduction is high up to 40% for investments in innovative start-ups with a social vocation (as defined by paragraph 4 of article 25 of the "growth bis") or in those that exclusively develop and market innovative high-end products technological level in the energy field. A maximum investment limit has been set on which to determine the deduction, equal to 500,000 euros per year, and a minimum period of maintenance of the investment, equal to two years.

Society: They enjoy a favourable tax regime as they can exclude up to 40% of the amount invested in the share capital of one or more innovative start-ups from their taxable income. The percentage of deduction is higher in the case of innovative start-ups with a social vocation and for those that exclusively develop and market innovative products with a high technological level in the energy field. The maximum permitted investment limit is € 1,800,000 per year, the investment must be maintained for at least two years.

RKB

https://www.forcrowd.com/

Latest Share Chat

Member Info for RKBeekeeper

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)

Latest Share Chat

Member Info for RKBeekeeper

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)

Please enter at least 2 characters

No results found

Search results

Recently viewed

Trending