Member Info for RKBeekeeper

Good afternoon Neonicotinoid

I apologise for the delay getting back to you but “things happen” that take precedence.

I think you know I try to use my time wisely and whenever I am driving I try to make calls to important people and at the same time let the Mrs know when to expect me home. Yesterday just as I was arriving home after dropping my granddaughter of at her place, I took a call as I drove into my street. This important caller said I could call him once I was in and settled. The only problem was that my dinner was about to be served and I said to Mrs I would only be 5 mins but the call lasted almost an hour.

So the scene was set for some subliminal friction later in the evening and while I was on the laptop and not really watching what was on the TV the Mrs turned the TV off obviously not in a good mood (thats what the One Show does to you when a 51 year-old midget from Australia reminisces on her big break on Neighbours) Obviously I had to switch off laptop and watch a nature type program we had recorded on the Mississippi River and for 85% of the program Mrs was asleep!

So that was why I could not Post last night.

Now there are several things that were in your Post that I feel would be more appropriate if I began a new Post as most on our B.B. will most likely get irritated and “switch-off”

RKB

Good evening Rampycrampyface

Nothing technically happens when one individual or one company hold 25% but it does have some leverage.

For back of envelope calculation assume a company has exactly 100 million shares then if Mr XYZ has 25% then he would have 25 million. Now recently our special resolution 4 failed as it did not achieve the 75% of votes cast to ensure this resolution passed.

On ordinary resolutions there is only a requirement of 50% of votes cast. It is the votes cast that is relevant here for Mr XYZ and his 25%.

I have never known a resolution to have 100% of all shares actually cast their vote and it can often be very low but normally about 70% would be seen as shareholders taking an active interest.

If we ever had a situation where there is a special resolution that was not in the perceived best interests of ordinary private investors and Mr XYZ then the BoD would require 75% to bulldoze through their special resolution and the only way to guarantee for it to fail without doubt is to have 25% of the shares.

So let us assume BoD want to have their special resolution and private investors want to vote against then you need to do the maths. Say 60 million cast their vote, 25 million against and 35 million vote for then the resolution fails as they would need 45 million to pass (60 million x 75% = 45 million)

But as 25 million vote against them then only a maximum of 35 million would have voted for and this is only 58.33% and far short of the 75%. No matter how many vote for the special resolution, it will fail as it is impossible to achieve 75% of all the votes if Mr XYZ has 25%.

So even although 29.99% is a threshold that Mr XYZ cannot cross without triggering a takeover having control over 25% will always ensure that any special resolution can be defeated if required.

What we all have to be mindful of is to return our loyalty to Antos to show without any doubt that he will be supported and if we do then it will be golden, 100% guaranteed.

RKB

Chess Strategy Part 2

So what did I learn at the weekend from our new chess player on the B.B.?

Our Neonicotinoid nom-de-plume is interesting: Neonicotinoids (sometimes shortened to neonics /'ni?o?n?ks/) are a class of neuro-active insecticides but due to my beekeeping knowledge I also knew there was something else here: Neonicotinoid use has been linked in a range of studies to adverse ecological effects, including honey-bee colony collapse disorder see link below.

So when Neonicotinoid began posting I sat up and took note. If we analyse his (100% it is a he) Posts and see what he was trying to convey then you may have the key. There have been at least three possible RTO companies mentioned and a lot of debate about value but I believe all we need to focus on is this part of his Post:

“If as many suspect BOU and Coeur Gold Holdings RTO our shares will become the shares of a pre production mining company which has mining rights in Armenia and Kyrgyzstan. If the company goes into production it’s value will increase and it may even start paying dividends. This I believe is a succinct way of what some on here have been saying.”

He also exlpained how it will transact cash up-front and shares to the owners of Coeur Gold Holdings.

As always please do your own research.

RKB

PS all we need to see is a TR1 for 25% and it is game over.

https://en.wikipedia.org/wiki/Neonicotinoid

Chess Strategy Part 1

A few posters on our B.B. will know I play chess but only against the computer and I play not to win but to not lose. If I do not lose then I either win or it is a stalemate.

I have not played against anyone (except family or some relatives) for over forty years and I would say that I am an average chess player. Even though I was the school chess champion, even then, I was just a slightly above average chess player and the others were at best average.

Now with Bould Opportunities it is like a giant game of chess. Most of us are average, one or two are “professional” and one or two are definitely amateurs.

I know nothing about football (do not follow it as it does not interest me) but football strategy I believe is similar to chess: You attack and score goals and you defend and deflect goals. In chess you attack your opponent to capture their King but at the same time you protect your own King.

In every chess game I play against the computer I always learn something new and I try (not always successfully) to use this new knowledge in future games.

If when I am playing against the computer and I took-out say 3 of their pieces that would be 3 out of 16 or 18.75% (not 18.43%) then you would maybe expect I would win (assuming the computer has not taken any of my pieces out) But if the 3 pieces that I have captured were only pawns then I think the computer would still win. But if the 3 pieces were high value pieces like a Rook, Bishop and Knight (and I still have all my 16 pieces) then if I did not win that game then I would be better to take up football as I should not lose with such an advantage.

But let’s say I have captured 4 pieces i.e 25% and they are all high value pieces (again I still have 16) then I have won at that stage and the computer would capitulate and resign and I (WE) will have won.

RKB

Good afternoon Jandtw1

Excellent Post

Most Posters will be aware by now that I am a numbers person (Mrs is the proof reader, speller etc) and I like to mention % all the time. Your Post I agree 100%

What I would add is that the reason why the Open-Offer was at the price of 0.0125p was to right a wrong (will not mention organisation anymore as we all have to move on)

Antos pushed for this Open-Offer and all LTH would have seen their average go down but also their Open-Offer shares and excess shares go up as at close today by 252% (0.044 -0.0125 = 0.0315, from 0.0125 to 0.044 is 252%) now this is only the start.

What I believe we LTH should be mindful of is to return this good deed of Antos and support him when / if he requires any support (i.e. votes) As they say one good turn deserves another.

RKB

PS don’t know if I am getting any dinner tonight as I went back to my study and Mrs was not at all pleased. Note to myself move wine rack to study.

Friday Afternoon

I requested Rusty9717, who is a good friend and whom I have attended AGM’s with over the past two years and whom I meet privately when I am in London, to post for me this morning as I had to deal with my granddaughter who has an infection and had to go to the doctors and then we (mrs & me) had to get a sample which was as difficult (almost impossible) to obtain like excess shares in the Open Offer. I have spent 6.5 hours today dealing with the above.

On a different note, I spoke yesterday to Antos and he was upbeat and obviously gave nothing away. I also spoke this afternoon to Antos as I was working on something and he seemed more upbeat than at any other time.

Now it could just be it is Friday afternoon and the end of the month and most people would be up-beat but I detect some BOUnce in his voice.

Enjoy your weekend and don’t forget about the six degrees of separation as it is only three: Antos, myself and ?

RKB

https://en.wikipedia.org/wiki/Six_degrees_of_separation

Ecellent News TR1

This TR1 today is excellent news.

For Antos to increase by another 4.21% over and above his Open-Offer entitlement is the only endorsement I require to confirm his intentions to pursue our desired RTO.

If Antos is with HL and he applied for an extra 758 million and he received 26.11% then he would have only received about an extra 197,913,800 but we know he received an extra 450,244,949.

Now if Antos received all his 450,244,949 additional shares in the Open Offer then he would have had to apply for 1,724,415,737 (1,724,415,737 * 26.11% = 450,244,949) this would have presented a problem.

Antos would have begun with 1,516,000,000 (758 million * 2) add in possible extra request of 1,724,415,737 if granted in full = 3,240,415,737 which on current shares is 30.39% and would be over the 30% limit for mandatory takeover.

I have to conclude that Antos would have only received between 10% and 26.11% of his excess request which can only mean that he has been buying in the open market and at prices of about 100% of the Open Offer price.

I believe in Antos and I am still of the opinion that he will facilitate an RTO.

Hopefully now we will see some director(s) leaving / joining.

Exiting times ahead.

RKB

PS I have not spoken to Antos recently but I will call and congratulate him after the market has closed.

On Companies House

This has been discussed before but it could be something that anyone who is thinking of investing may want to read.

From a document filed at Companies House on 29/11/18 where the amount paid per share for the 120 million shares of nominal value is £zero but a loan note for USA $ 55 million. You need to put your thinking hat on to really understand what is going on here as there are also shares of 129,999,900 and the same loan note.

When you figure out how stuff is divided up (just like in the Hatton Garden Robbery) then you can also take your rightful share before others take it from you.

RKB

https://beta.companieshouse.gov.uk/company/11435499/filing-history

Broker Warrants

I have been speaking to a good friend today and we were discussing the Broker Warrants and he thought that we may have our jailbirds orchestrate a nice increase to unload their 3% of total shares in issue. This would mean warrants at present of 372,253,268 which obviously will bring in some additional cash of £37,225.

Now there are other warrants about but before any can be exercised there needs to be an AGM or a GM to authorise an increase in equity. Now Peterhouse will wait till other warrants have been exercised before they will exercise their warrants as they get more shares due to the increase in shares after other warrants have been issued.

So let us assume that Peterhouse are going on a long (very long holiday, well they were in jail and will obviously want to celebrate their freedom) So what would I council my daughter or close friends to do?

Say my daughter had 10 million shares in the Open-Offer and the excess application (for ease of calculation) and at a cost of £0.000125 this would have cost her £1,250. Then as she would have received only between 10% and 26% of her request for excess application she should have a minimum of £1,250 due to be refunded. Ignoring charges she could buy 5 million at £0.00025 (100% premium to Open Offer) and would then have 15 million at an average £0.0001666667.

Now if you have been watching the Hatton Garden program on TV you would have seen how jailbirds (Peterhouse-Birds) show their true colours and basically get greedy. Will the Peterhouse-Birds want to exercise their warrants at £0.0002p or would they be looking for substantially more? Only you can decide what price they would be wanting but I can assure you it will be north of your average in the above calculation.

RKB

PS If you have recently be incarcerated then you should be aware that there are people on this B.B. who are available pro-bono to assist and help you adjust to a moral life to enable you to sleep at night not having to protect your back and your warrants.

PPS Niksag, excellent Post could you email to Peterhouse-Jailbirds please?

What I like about our Broker (ignoring the fact I will never invest in a company that they represent due to their integrity) but as I am a shareholder and at present I am not selling till we know the next new director, is that Peterhouse receive 3% of the share capital on an RTO.

Now they the prisoners, who just walked out the front door of the jail (keys provided by?)

Do you really believe that Peterhouse will not assist with an RTO?

As always you should do your own research and not rely on others to do it for you.

I do not like posting on my iPhone I can’t really see what I write and I like to have a copy just in case my post is expunged due to a 3% holder who does not like being exposed.

RKB

Re-cap Part 2

Antos: We now know that all the old assets are currently being transferred to him for £1. We thought and believed that he would be a director by now and we have to be open-minded that maybe he bought his shares originally just to obtain the assets and maybe he was going to buy the company 100% which he could have for about £500K when we had less shares and we were at 0.01p but if he had to obtain only 758 million shares to ensure he secured the assets for £1 is that not worth what he paid in shares which are tradable and can be sold at anytime?

Open-Offer allocation: So some are receiving 10% but I received 26.11%. So looking at the AIM Rule 26 and the percentage holdings and Halifax have 17.84% and Hargreaves Lansdown have 16.77% so would you not think that the excess distribution would be similar? Why are HL clients getting 16.11% more in their excess allocations? Look at it from a logical view point. Halifax client has 100 million shares and receives 100 million Open-Offer shares and apply for an extra 100 million and receive 10 million but HL client with similar share holdings receives 26,110,000 shares, how is this possible? I believe I know and only you can form your own opinion.

I have not sold any of my Open-Offer shares or my excess neither has my daughter but I messed up on my wife’s and did not apply (thought I had and was out with granddaughter on the Friday and when I got home the corporate action had been closed and not submitted) Note to self, double check as you just lost over 10 million shares that were then allocated as excess to other HL clients.

RKB

Re-cap Part 1

We had a GM on 5th April 2019 and there was widespread dissent about Resolution 4 on the dis-applying the pre-exemption rights and this Resolution 4 failed to gain 75% of all the votes cast.

I was of the opinion that shares had been forward sold and I 100% standby that statement as I have proof beyond doubt that this had happened.

I had several conversations with “important people” who confirmed that my phone-call was recorded and I said that I would have expected that to have been the case and that I was pleased the call was recorded. (I believe the call is now deleted) I made it crystal clear that I could not be “bought off” and that the predicament was not my problem.

After the GM of 5th April 2019 the share price continued to rise and if I was correct in my “allegation” then the predicament would not “go away” There were subsequently more phone calls and an RNS to “kill” the share price rise which failed temporarily.

In the lead-up to the GM (and since) the B.B. speculation was that Antos was going to join the BoD and instigate a RTO with possibly a Gold Company. There was a director who was going to leave towards the end of April but managed to wangle another month’s salary (and expenses) but obviously had to stick around because of the predicament.

Then we are informed that there would be an Open-Offer at 0.0125p when the previous day the share price was about 0.06 -0.065p. I did sell some shares on the Tuesday at 0.065p and the next day at 0.031p when I had seen the nitty gritty of the RNS of the additional 1,759,632,974 shares the “current BoD” was seeking to have the authority to issue. It was these 1.759 billion shares that was the catalyst for me to sell all my family’s shares. It was a novel way to get out of a predicament and they did. So when Posters say the price will drop on Friday it will have nothing to do with these shares coming on to the market because they were already there.

RKB

On paper up £331,549

I have a massive amount of data on WeShop. We have only been informed that we are exchanging 222,667 WeShop shares for TSI Shares. Wehop shares were changing hands in April 2019 and in February 2018 at £5.98.

On paper at current rates these 222,667 shares are “worth” £1,331,549.

We have been informed that we are swapping these shares with certain WeShop shareholders. We will never be informed through official channels but I am confident that most of the shares are being acquired from John Benjamin Garner ex director.

John Benjamin Garner originally had 1,077,842 shares and then “disposed of” 783,560 shares leaving him with 294,282. Sometimes founder investors take the hump and want out (or maybe pushed out!) and they can’t wait for an IPO as he just turned 37 last month and is possibly seeking new horizons.

I will be able to confirm the other(s) who have swapped their shares in WeShop when that information is made public.

RKB

New Director

On Tuesday 21st May 2019 after the GM we were informed that one director had left and a new one joined. There has been some negativity on this B.B. about the new Non-Executive Chairman, Allan Syms which I believe is unwarranted.

The RNS clearly stated under Schedule 2(g) of the AIM Rules the directorships that he currently holds or has held within the past five years (this is mandatory) all shareholders need to be informed of these directorships to ensure there is no perceived conflict of interest.

I believe a few posters felt the details of the four companies that Allan has been involved in 1998, 2003, 2010 and 2015 where the companies were eventually liquidated portrayed him “in a bad light”. This is also mandatory under Schedule 2(g) of the AIM Rules which are as follows:

(g) the following information relating to each director and each proposed director:
(i) the director’s full name and age together with any previous names;
(ii) the names of all companies and partnerships of which the director has been a director or partner at any time in the previous five years, indicating whether or not the director is still a director or partner;
(iii) any unspent convictions in relation to indictable offences;
(iv) details of any bankruptcies or individual voluntary arrangements of such director;
(v) details of any receiverships, compulsory liquidations, creditors’ voluntary liquidations, administrations, company voluntary arrangements or any composition or arrangement with its creditors generally or any class of its creditors of any company where such director was a director at the time of or within the twelve months preceding such events;
(vi) details of any compulsory liquidations, administrations or partnership voluntary arrangements of any partnerships where such director was a partner at the time of or within the twelve months preceding such events;
(vii) details of receiverships of any asset of such director or of a partnership of which the director was a partner at the time of or within the twelve months preceding such events; and
(viii) details of any public criticisms of such director by statutory or regulatory authorities (including recognised professional bodies), and whether such director has ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company;

What we have in the appointment of our new Non-Executive Chairman, Allan Syms is someone with extensive experience which we will be able to utilise to our mutual benefit.

Our company is in a transition phase and I am pleased with the current direction of travel.

RKB

Scroll down to the second link, “AIM Rules for Companies” PDF file page 19

https://www.bing.com/search?q=aim+rules&src=IE-TopResult&FORM=IETR02&conversationid=&pc=EUPP_

Good evening Aidan31

I do have empathy with your situation. I was informed on the same day that my father-in-law died that I was about to be made redundant and my wife was pregnant at the time. Fortunately for me my employer did not realise how valuable I was to them and they wanted me to sign a letter to say I would stay three months and I would receive a bonus. I negotiated a different letter that had a rather larger bonus if I was still with the company 15 months later and I was. What they did not realise was that I knew we had a contract that was for 18 months with a large Japanese Bank that they could not extricate themselves from and for those two years I was a higher rate taxpayer. So sometimes redundancy is not as bad as it seems.

I will be posting on Friday just before 7am.

RKB

Free Bus Pass:

Peterhouse have receive a reward of a free bus pass with their warrants of 3% of the enlarged share capital at only 0.01p or 20% discount to the Open-Offer. I have no issues with that as they do need to get around and this helps them hopefully to “move-on”

RKB

Open-Offer

Yesterdays Open-Offer confirmation that almost 4.8 billion shares were applied for by ordinary shareholders is in my opinion excellent news. As CountingCards said yesterday there will only be a small allocation to PI’s for any excess requirements.

I believe it will be at the sole discretion of Brokers like HL how they allocate this excess. I also believe that we will be lucky if we get 5% or 10% of what we requested.

I do not believe you will see any change in the percentage holding of Antos, it will remain the same 14.22% and as for the TR1 guy I would not be surprised if he drops a little from 7.52%. If Antos percentage does increase then that will only be through market purchases.

Look at it this way, we only have 604 million shares to distribute for excess applications and I believe it would be unfair if Antos got say 100 million of this. Because 100 million of 758 million is 13.19% but 100 million of the excess is 16.56% and if Antos did get allocated another 100 million then everyone else should get 16.56% of their request. There are not sufficient shares to give out that percentage so we will get a fraction of our requests.

RKB

Good Morning Knigelk

Sorry I could not reply last night but was have a little celebration.

The present of 800,000 shares yesterday (it was a buy even though it looked like a sell) came about by default. Mrs asked me what I would like for this “special” birthday and I tongue in cheek suggested that she buy something for herself from the more mature version of high street shop of Ann Summers (Granny Summers)

I think the Mrs wants me to go to the doctors as she said something about me being sick! Obviously she said there is no-way she would buy anything from Granny Summers as she thought she would look ridicules’ in stuff from that shop but I said she did not need to look at it! Mrs said she would give me a clip around the ears and then I thought “CLIP” is just like CLP so I said I will limit my desires to only 800,000 for personal reasons.

Hope that clears things up, off to the doctors now.

RKB

Think before you Post

Now it appears there are two Posts missing, one from Boom123 who Posted drivel and when he sees my next Post then he may think it was unwise to Post what he did.

For the record I have not been selling or trading CLP and I believe my last sales were in late December 2017 if my memory serves me correctly.

It is unfortunate that Boom123 Posts on a share he does not own and like last time I will seek him out in another share and comment on his lack of judgement in that share if he continues to Post before he thinks.

RKB

PS the suffix I appended obviously was correct, just a pity that you are immature, but fear not when you reach puberty it may (may) improve.

Boom123

I would normally add a suffix after the first part of your nom-de-plume but as I know you are normally extremely sensitive and run to whomever and request for my Posts to be removed because you do not like the truth, so I will let others decide what the suffix should be.

Clue 1 Five letters long (that’s the same number of digits showing on your right hand (assuming none are sucked in your mouth or stuck out of sight)

Clue 2 Three vowels, not A,E or U.

Clue 3 Two of the vowels are the same and you can see with them (sorry if you are blind, as it is a possibility ass (sorry keyboard sticks occasionally)

Clue 4 The last vowel is also contained in the first part of your nom-de-plume.

Clue 5 the two consonants are d and t (I know it would tax your brain and I did not want it to go BOOM as we would miss your hilarity here)

So now you have solved the suffix we can get to the perceived issue. You believe I am an insider? How many CEO, Chairmen, Non Executives and Directors have you spoken to? What none? I hear you booming out.
Any one of the above Company Directors, will if you are able to form words (that is combining vowels and consonants into words to form an articulate sentence) then using these words to articulate your thoughts and questions directed at the aforementioned, would say in response to almost any questioning “I am working very hard” Answer: Every single one of the directors would and have said “I am working very hard”, try it if you are able to get up the gumption and phone a director and ask what they are doing on your behalf, rather than posting what you do.

I can say with confidence you would not have the bottle to call the FCA as you would probably clam-up with stage-fright.

Now some more serious stuff. Many months ago Max asked me why I did not try to get my average down from just about 0.65p and I said even if I bought say 4 or 5 million it would only come down to 0.6p or a little less. But as you know we have been around 0.4p for a while now and if one was to buy a few they could get their average down around 0.5p and then when the price gets up to a bid of just 0.55p then they could make some good money. I assume with all your skills that is what you have done? If not why not? Oh now I see why you have the suffix.

Take care Boom123.

RKB

PS did you know that 456 comes after 123? You did not? Ask your school to refund the local council as they have failed you.