Member Info for RKBeekeeper

My Thoughts

It was pleasing to see this morning RNS and our share-price up over 50% from recent all-time lows (and top of the leaders board)

We are attracting the usual suspects and a few others, but what we have now is volume and with that a Market for our Shares. I have not sold any and have no intention as something is going on in the background.

I will choose my words carefully as there are “disgruntled Posters” out there who did not do their research and sold out at substantial losses (more fool them for relying on a B.B. for their “gambling decisions”)

You have to have an understanding of how our CEO Francesco Gardin’s mind works. I have met him on numerous occasions (at AGM’s and privately) I also have text, emailed and spoke on the phone and I will be extremely careful in what I post below.

You have to go back to when Clear Leisure 2017 was set-up (9th March 2017) and know the background to Mediapolis. A CLP subsidiary owned a large piece of Land which was to be a Theme-Park but there was a delay by the local authority in granting final approval which resulted in a legal claim by CLP against the local authority for just under €40 million. The Mediapolis Company was put into liquidation just after CLP obtained the first charge over the land and in addition we have preferred creditor status for €8,211,897.

Over the past 4 years FG has bought massive amounts of debt back at about 80% discount and converted Bonds at 500% (3.76p) Now today we add into CL 2017 the Sosushi’s legal claim of €1 million to our Land Money incoming of €1.9 million and the Sipiem claim of €7 million + and you have to ask why are all these “potential assets” in CL 2017?

I am confident that Eufingest will exchange all their debt, €3 million Bonds & €3 million loans (convertible at 0.89p) for all of Clear Leisure 2017. This would leave only a maximum €1 million of Bond debt. Then we would have the original Clear Leisure with all the assets (Geosim, PBV Monitor, ForCrowd and Mining Equipment Company and over €40 million of tax losses (after deducting €6 million “profits” from exchanging CL 2017)

Now I believe I know why it would be advantageous for Eufingest to “buy” these legal claims (hint D Trump & Stormy Daniels and a certain newspaper that buried the story)

Now I had many phone calls earlier this year with a Billionaire whom I introduced to FG and he began looking at Clear Leisure and their tax losses but he said he was “not interested and would rather RTO with another company that had about £10 million of tax losses”. Now if you had the option to renovate two houses in the same street and one had the potential to “make” £10 million or another to “make” £40 million which house would you want to renovate?

Conclusion: RTO incoming after Eufingest show their “tied” hands.

RKB

PS do not forget the Fortune Cookie settlement out of court of £1,150,000 last December.

RNS

I will post later as I have some thoughts.

I need to check something FG said either in an RNS or the Accounts and with the conversations I have had with him.

I remain extremely confident.

RKB

AIM Rule 26

When the new shares are issued we will have 662,341,447 and one significant shareholder will not be on our list.

Lawshare Nominees Ltd will reduce to about 2.83% and they will be below 3% so therefore they will no longer be identifiable.

This is to pre-empt any scaremongering when our resident de-ramper returns.

RKB

I am now following you and you have to follow me before we DM.

RKB

DM me on twitter. Not hard to find as I don’t have different I.D’s.

Going out for dinner tonight and then going away on Saturday for a weekend break.

But will reply if I can (on twitter)

RKB

Good afternoon Wizard1962

I will attempt to answer your question in my own particular way.

I have been seriously ill twice within ten years and the second time was in 1996. After 1996 I had to attend my GP on numerous occasions for at least the next ten years and had to have various lumps and bumps operated on. I never once bothered my GP with anything trivial, he knew if I made an appointment with him (sole practitioner) then it was for his advice and guidance and on each occasions (and there were many) at the end of my consultation we would discuss “financial matters” (which invariably lasted longer than the medical appointment)

Now if I phone for an appointment I have one that day or the next morning but my wife can take up to a week. Now my GP knows he will be taxed by whatever I present to him and he is always happy to put my mind at ease.

So we come to the crux of the clause in this week’s RNS. I would not trouble FG with a text, email or phone-call as I believe that there is not an issue with this clause. I have said already this week that I do not believe that “ForCrowd” will divest any of their shares and if they did then they would have to TR1 that they have reduced. I agree it does seem strange the way that this “arrangement” has been structured but then I have a lawyer in the family (and she says she decides what Care-Home I go in to)

I will re-state that I believe this is a “Red-Herring” and now that FG has more time available to grow Clear Leisure (because less spent on litigation) and as Eufingest basically have about 86% of all Bonds & Debt then logically Eufingest will have had discussions with BoD as to the investment and structure of the lock-in with “ForCrowd”.

Now if certain T20 Traders desist, maybe our share-price will re-rate.

RKB

A red herring is something that misleads or distracts from a relevant or important question.[1] It may be either a logical fallacy or a literary device that leads readers or audiences toward a false conclusion. A red herring may be used intentionally, as in mystery fiction or as part of rhetorical strategies (e.g., in politics), or may be used in argumentation inadvertently.

Good Morning Spary1

I would have thought now would be an excellent time for Bond Holders to convert as it would be at 500% of current price and if only 0.2p then conversion would be 1p (5 * 0.2p) Still have to add the caveat that Eufingest will get repaid in cash as they are not a charity and do want their money back.

Going back to today’s new investment in ForCrowd. It is my view (after taking some council) that they will not divest their shares, that was a “red herring”

Why would you want a 20% investor (Clear Leisure) and then divest? Clear Leisure have structured this to bring them business and if they were to sell then that does not instil confidence in their new shareholder. Also Clear Leisure will gain financially by introducing business to ForCrowd up to 4%.

FG is laying new foundations as he resolves a few court cases / financial claims and the ForCrowd shareholders will also benefit by having a stake in Clear Leisure.

As FG is to be appointed a director of PBV Monitor in January don’t be supprised if they (PBV) raise some funds via ForCrowd. (I told you first so watch Post get removed) (saves Boom123 logging in with multiple I.D.’s to have post removed as Nomad and Broker will do that before 1pm.

RKB

PS I emailed a Director of another company this morning as need to keep up-to-date with events.

TR1 at some point

As there is a temporary lock-in with ForCrowd till at least until 15th November then the new owner will have to TR1 as they will be at 8.19%. If they were to unload a portion then they would have to issue another TR1, personally I do not think there will be more than one TR1 from our new shareholders.

RKB

Approval sought from Eufingest

I note that we have had a few informative Posts this morning and I am only communicating my thoughts to a few trusted friends.

At first glance the clause to sell & re-issue shares at 90% of the difference looks strange and complicated but is it?

If I understand the maths behind this then it could be:

ForCrowd sell say 10 million shares later this year at 0.25p (I have chosen nominal value to avoid issuing shares at below par)

10 Million sold at 0.25p would be £25,000 but as these shares were issued at 0.3482p then technical worth £34,820 so on paper the loss would be £9,820 and 90% of this paper loss is £8,838 and as ForCrowd can receive additional shares for this paper loss of £8,838 and as shares can only be issued at nominal value then FG would have to issue about 3,535,200 (3,535,200 * 0.25p = £8,838)

Then if you take a step-back and have a less “complicated” share issue and FG just issued shares at Nominal value then he would have had to issue 75,483,600 (0.25p * 75,483,600 = £188,709)

So FG issued “only” 54,218,847 shares when the maximum he would have had to issue is 75,483,600 but he decided to issue the shares “at a 74% premium” Now do you think Eufingest was not involved in this decision, the Company that keeps us in business? The Company that funds us with loans at 2.5% and has the option to convert their loans at 0.89p?

Finally, the first lock-in period is 15/11/19 – 15/12/19 and when is the Court Case in Venice? Did FG inform us that it was 6/11/19? How much of the €10.8 million claim are we due? 70% I believe.

Apart from our resident Boom123 de-ramper, when others come along as Knigel says they are here for a reason and it is not to save us, it is to buy-in as we are grossly undervalued in my opinion.

RKB

I have confidence in Sirius

So I have bought back in after being out for a few years, the time to strike is when others are fearful.

RKB

T Boone Pickings

Continued:

So we have three private investors combined (but not a concert party) who have 10.43% and the last TR1 did not have to spend £1,433 but did so had to inform the company and this is what T Boone Pickings did. He parked his tanks in front of the BoD and showed their fire-power.

So what do the three TR1’s know? Is it that they want some investments divested? Do they know anything about our investments that we are not aware of? Are any of them connected either through blood or business that gives them an advantage? Have they been monetising the raw data that is available to us all?

RKB

I predict more TR1’s are incoming

T Boone Pickings

Continued:

Posters who know about the type of in-depth research that I do will be aware that I have analysed all PRIM’s investments especially any that have documents lodged at Companies House.

You will most likely know from the media that the new currency is “data”, data that can be monetised and the data that I have accumulated on PRIM along with similar companies can be useful.

An example of a fraction of the data I have, (taking just Engage Technology Partners Ltd) is that there are currently 115 shareholders (including the A shareholders who number 9)
People connected to Primorus (including our shareholding) have a total of 85,625 shares (remember we are at present saying Prim only have 72,123 but they have more)

Now having data in a format that you can analyse, you then know that Primorus have the 5th largest shareholding in Engage. Also when you have a list of 115 shareholders and cross-check that with other “available information” you can make some informed choices (in my opinion)

Now re-visiting our most recent TR1 where Rupert Labrum disclosed 3.04% you have to ask the question why he went over 3%. If he had bought 1,023,596 less shares he would be one share under 3%. So by buying £1,433 more shares he is forced to TR1. Now I always aim to stay below 3% because if you are over and you top-slice then you have to do a few TR1’s and people will know you are divesting and you may be at a disadvantage.

To be continued.

RKB

T Boone Pickings

Born 22/05/28 Cashed-in Chips 11/09/19

As T Boone Pickings has recently passed away I thought it would be appropriate that I should post something as I actually knew this man.

T Boone Pickings was back in the day a Corporate Raider. I knew him through the work our company did for Messa Petroleum which was based in Amarillo Texas and I met him in November 1979 at the height of his “Corporate Activity”. I stayed at the expense of Mesa Petroleum in an hotel for one week and met T Boone Pickings in their office in downtown Amarillo, one of the most genuine, approachable people in the corporate world I have ever met.

T Boone Pickings style of corporate raiding I do not think would be allowed today but back in the 1970’s early 1980’s he got away with a few “things”. His MO he told me was to find un-loved and under-valued companies, buy a stake and then get the company to buy his stake at a premium. He made a lot of money and was a billionaire but his recent obituary puts his wealth at only $500 million.

So why mention this on this B.B.? Well I believe LTH (not the day-traders) believe PRIM is un-loved and under-valued. So recently we have had some TR1’s with a Stephen Labrum and then a Rupert Labrum. We do not know if they are connected or related or even if they are brothers or cousins all we know is that they have 4.02% and 3.04%

We also have Steve Ball with 3.37%.

So we actually have three maybe unconnected private investors who CURRENTLY hold 10.43% which is 291,765,517.

To be continued.

RKB

Hello again Dvsfm

Please look for me on Twitter, follow and DM me and I will inform you before I “may” post something from my recent research on Prim, that you may find interesting.

RKB

Our Assets

Our incoming A$500,000 cash is worth about £273,806.

Our Zuuse Warrants are also worth about £273,806.

Our 57,025 Zuuse Shares are worth about £31,226

We have 37 million Greatland Gold shares worth about £658,600

We have 1,415,723 Fresho Shares £368,579

When you add up the above it comes to about £3,336,969 and when you look at the Market Capt at a price of 0.12 it is £3,355,943 (I know price has moved a little since I began to compile this post) but I have not attributed any value for:

Nomad Energy
SOA Energy
Sport:80
Stream TV
Truespine Technologies
Weshop

Now my notes arbitrate a value of about £1,983,606 to the above investments and when you add them to the above £3,336,969 it comes to £5,320,575.

What nobody realises is that Engage Technology Partners Ltd is worth between £60 and £80 a share (I used to attribute a value closer to £100 but I have revised it down substantially, only time will tell if I am correct.

Our other investments are worth more than indicated above but again it is up to others to do their research and make their judgement.

Now when you re-visit today’s RNS and think about the share consolidation and why it is necessary you may form the same opinion as myself that AC is aiming for the £25 million Market Capt of our Company and I believe it is attainable.

RKB

PS Keep an eye on Companies House as more information is about to land.

PPS now if you had been paying attention you will note that I have made a “mistake” with the number of shares we have in Engage Technology Partners Ltd (hint we have a few more)

Engage Technology Partners Ltd

We have invested £1.4 million in Engage and currently have 72,121 shares (according to our website) with an average price of £19.42. This technically means that our shares are worth £1,400,589.82 but is this correct?

Well we actually own 72,123 shares (see Companies House)

There have been four documents lodged yesterday at Companies House but the one that is relevant to our investment is the one where further shares in Engage were issued at not £22 but £24.

So technically our 72,123 Engage shares are worth £1,730,952.

RKB

Hello Dvsfm

I never really went away, I do get a few “Trolls” who are a little bitter because they never top-sliced in some other shares and I tend to now talk on the phone (or Whatsapp or DM on Twitter)
If you want to talk I am not hard to find.

RKB

Zuuse Loan Note

There was not really much said on our B.B. about the Zuuse Loan Note that attracted new investors or Posters to PRIM.

AC invested A$500,000 in Zuuse and are now (within 2 weeks) going to receive all the A$500,000 back. But in addition to receiving all our money back, we receive 57,025 shares which are technically worth A$1 each.

We also receive 1 million warrants with a strike price of A$0.50 which technically are worth A$500,000 (because the shares are worth A$1 each) Now if /when the shares are listed on a Market at a minimum of A$1 then we would only have to pay A$0.50 to buy the shares, but if the price of any listing is say A$2 then we would on paper make 300% profit. We also have the option of selling our warrants to a third party (this was alluded to in previous AC communications) Note this along with share consolidation and there is more.

RKB

RNS has more

Today’s has more to it than at first glance.

A 20:1 consolidation is good for us as some have been vocal about the spread that Market Makers “display”. It is my view that MM increase the spread to disguise trades as they have to make a market.

If share-price was to remain at about 0.11 – 0.14 then on consolidation it would be 2.2p – 2.8p and I think no MM would have such a large spread and it could possibly be scaled back to maybe 2.2p -2.4p, which would be good thing.

RKB

PS I will Post more (hopefully soon but I have granddaughter commitments today) but when I Post I try to begin a new thread as many Posts on a number of B.B. are being removed and there is a possibility of Posts being available only if a “Troll” does not mess-up the thread.

Thanks Timmit

I took too long to post my last post so thanks for the reply.

It should be noted that as FG has bought the Sipiem legal claim along with a credit due of €238,000 for only €85,000 and as the claim is for €10.8 million and we would be due 70% or €7,560,000 add in the credit of €238,000 and we could get about €7,798,000.None of this will be on our balance sheet at present but at year end FG will have to record something and I know what e should be putting in.

RKB

PS Lawyers are on a small success fee for this €10.8 million claim which is against certain known individuals who have public liability insurance and from my extensive research into this they have to settle early as that what insurance companies do.