Member Info for RKBeekeeper

Good afternoon LtdAxis

Thank you

You may not know this but a few years ago I wrote to the BoD & PR to inform them that I had more than 3% and they said that they did not need to know if my shares were held within / by a broker in their nominee account.

When there were probably only 210 million shares I had 11 million but then I was diluted (even if I had 11 million when it was 400 million or whatever) I felt I had to inform the company, but as there is a lack of TR1’s in CLP and a delay in updating AIM Rule 26 we do not always get the information that can be helpful. Technically only need to update website twice a year (that the rules)

I now never go above 3% as that would involve me advising if I increase or decrease but at the current price and with the imbedded value within CLP we will see who makes some serious money here.

RKB

PS LSE Admin there appears to be a delay in putting Posts on the B.B. as I had to revert to the old system to post this reply.

Good afternoon MadChatter

I tried to google him on my iphone but gave up as I prefer to do my research on my laptop.

I did say to a friend earlier this afternoon that I do all my research on my laptop and I have a list of 1,000’s of names which the Chief Whip in House of Commons would give me a knighthood just to have sight of it. Many Directors have very close relationships with listed and unlisted companies and also shareholdings which they try to “hide” it is when you know the good guys and follow them it can be profitable.

RKB

PS when I see Poorboy Posting it gives me confirmation that everything is going in the correct direction including his wealth.

Positive News

You may not think the news in the RNS was positive but I believe it was.

All resolutions passed (not stated as “Unanimously”, but then again would you expect the “Current BoD” to say that? They have prior)

Now we have one director exiting and another joining but if I recall our current non-executive director Martin Lampshire is also a director of Peterhouse Capital. That is the same Peterhouse that are receiving £60,000 for the open-offer that involved what? Was it underwritten? £60,000 is a bonus in my opinion which will ease the exit of Martin.

I do not know the exact quote from the late billionaire Sir James Goldsmith, but “When a man marries his mistress, he creates a job vacancy” (actually was by Sacha Guitry) so when one Director exits another joins and that is what I believe will happen when Martin exits.

We will all be better informed when the result of the Open-Offer is announced and there is a large reduction in requests for additional shares. I will retain all of my shares when they are allocated, most if not all will be on a free-ride, which no doubt will irritate Poorboy and Stickman.

RKB

PS my internet was down for 1.5 hours not long after the RNS so was not able to research much on my Iphone.

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

Hi Max

Hope you are well, recent communication from FG is that he is working hard but nothing "presently" to RNS about.

As it was my birthday today I was given 800,000 shares as a present, had to be careful in the amount in my account as do not want my name on a TR1.

RKB

A Day to Celebrate

I believe today will be a day to celebrate in more ways than one.

There are 3 Resolutions

Resolution 1 To authorise up to 1,759,632,974 shares.

Resolution 2 That the disposal will be approved.

Resolution 3 Special Resolution The pre-exemption rights one.

Resolution 1 is just standard authority for BoD to have to issue shares, so no issue and will be passed.

Resolution 2 To approve selling asset to Antos for £1 again no issue as we have to jettison this “asset” to enable the company to become “A Cash Shell”

Resolution 3 requires 75% of all votes cast to allow “the current BoD” to issue any of the shares in Resolution 1 above at their sole discretion, again no issue with this as Antos has facilitated (wither you believe me or not) the Open-Offer.

What I would like to see Post GM is that all resolution have been passed “Unanimously” as that is sending a clear signal that there is no dissent from ordinary shareholders and that we can all move on.

Technically I am not a shareholder but what many (almost everybody) did not realise that due to an anomaly in Brokers systems you could have sold all your shares on the day of the Open-Offer announcement and still be entitled to your full allocation. I took the risk, sold at just over 0.03 (the lot) and it appears that I am receiving all my shares back at 0.0125p. It was a risk but I felt it was worth it. Money has gone from various accounts along with the extra that was requested. I do not expect the full extra request but if I receive 10% or 20% I will be happy, in fact I will be celebrating.

RKB

PS thanks to all for the birthday wishes and I am confident that we will receive good news from a revamped BoD soon.

PPS The additional authority of 1,759,632,974 shares if all were to be issued at 0.04p then it would raise for our “cash shell” not £600,000 like the 5.33 billion in the Open-Offer but £700,000.

Good afternoon Urbancookie

Tried to buy 8 million but no quote, went down 1 million at a time and still NT even when I got to 1 million, also tried 500K and only at 100K did they quote a price of 0.0028 but decided I would pass at moment.

RKB

PS Flightman hope you are well, you should have made some decent money on that share last year, did you not? Why not? Too Greedy? I am on the phone if required.

Good afternoon Chilipepper64

I can confirm that neither I nor any family member are currently shareholders and have not been since Wednesday 1st May 2019.

If (when) I or any family member becomes(s) a shareholder I certainly will let you know.

Now I have said that it is my birthday next Tuesday (what’s happening in London on this particular day?) and just in case a few do not believe it is my birthday you will find me on Companies House but don’t confuse the name of my daughter who somehow “pre-filled” my Christian name along with hers, my middle name is Kurt (we BOTH share the same surname)

Now would you believe me if I said I had been invited to a “celebration” in London next Tuesday evening (dress code informal, definitely no suites, shirt & tie, smart but casual) Now who would request that sort of dress code? (Definitely not a Broker but one or two will know)

I can assure you I will be celebrating next Tuesday just can’t decide where yet.

RKB

PS Maybe Stirling Castle!

Cannabis Research

Copyright Peterhouse Research July 2018 Author Emma Ulker

When you re-read this Peterhouse Research and then re-read our RNS of 19th March 2019 where we raise £1.27 million to establish an organic cannabidiol operation (our Zoetic Organics) and also give the guys who are going to run the Zoetic Organics another 12.9 million shares and 5 million warrants and then do some comparisons it becomes interesting in my opinion.

Zoetic Organics by 2020 will have 100 acres outside and potentially 33,000 sq ft indoor for less than £3 million and then you look at page 27 of the Peterhouse Research. “ (IPOs in 2018 include The Green Organic Dutchman TGOD.CSE) which listed on TSX’s sister Canadian Securities Exchange in May. TGOD raised gross proceeds of C$132.3m in the IPO, and it listed at a price of C$3.89 (now risen by c 60% since IPO) valuing the company at C$1.2bn. TGOD is a Canadian producer of Organic Cannabis under the ACMPR with a federally licensed 100-acre facility in Hamilton, Ontario and a 75-acre site in Quebec.

I know we are not comparing like for like all I am pointing out is the acreage and then we have our own supply of nitrogen, there will be many on this B.B. who will down-play the importance of our Cannabis subsidiary, but RP will aim to grow and expand this to something similar in Canada and look to add value to our company.

RKB

https://peterhousecap.com/

Observation

My father always taught me that the only thing you can steal is with your eyes, you can look, observe and learn but do not take something that is not rightfully yours (i.e. other people’s shares)

We look after our granddaughter (almost 2.5 years old) four days a week (not a Wednesday) as her mother has to work to contribute to the family income. Today I popped into a local garden centre to buy my granddaughter a child’s watering-can to replace the tiny plastic one that she uses when she assists me in our garden.

On exiting the garden centre it is on a blind corner and very difficult to turn right. As today in the Glasgow area it is currently 21C there were many visitors (the grey brigade) to this particular garden centre and a long stream of cars turning across my path. I gave up counting after 20 cars had crossed my path and eventually I managed to exit safely. It would only have taken a few seconds to let me exit but not one did. Why? They don’t like baldy older drivers in a nice car going in front of them? In my opinion all these drivers were selfish and only looking after themselves and that unfortunately is the world we live in (not my world)

Now I have already said I sold up completely on the day before the open-offer and the day of the open-offer announcement and in hindsight (at present) it seems a wise decision as I was receiving about 0.05p on the Tuesday and a little more than 0.03p on the Wednesday.

What would be the current situation if say I had retained 1 million shares so as to be part of the open-offer and request my “entitlement” of 1 million and maybe an additional 2 billion shares? You would obviously say there is no way that he has £250,000 to put into BOUL OPPORTUNITIES (that would be rather Bold) and it would mean I would have 2,002,000,000 shares or 18.77%

Now if I was like all those inconsiderate drivers and just thought of myself and I ended up with 18.77% and then you look at two other shareholders, what sort of combination would that make? Would they be classed as concert-parties?

Obviously I will not have anything near 18.77% but I may have some shares, maybe I have just “stolen” a march on a few, maybe not, but by looking and observing you may learn.

RKB

Good morning Investbest123

I think you now know I was not at the Last GM but I had eyes and ears there.

I would like to think that everyone will vote for all Resolutions and that when the Current BoD announces the results they say all votes passed unanimously.

RKB

Good morning Convex101

It is pleasing to see that you are on top form as sadly others like “poorboy” are not

RKB

Open Offer Numbers Game

In less than a week we will know how many have taken-up their full entitlement in the open-offer and what proportion of any additional shares will be allocated to those that requested them.

The abbreviation OO may be quite appropriate and most will get a big fat O (zero) Why do I say this? Because when you start to number crunch various scenarios you may draw the same conclusion.

On any placing there are always some who do not take up their full allocation, possibly because of inertia, lack of funds or they don’t want any more shares. You also get some who are greedy, very greedy and ask for more, a lot more and that is where could be an issue if too many apply for too many.

When you look at our new website and see the percentage holdings under AIM Rule 26 you will notice that all the “disclosed” holdings come to 4,484,456,001. Let us assume that all 4.484 billion take up their full entitlement then that would only leave 847,765,133 which would be available for excess allocation. That is about 18.9% (say 20% or one fifth) so if you requested an additional 10 million you may get 2 million (10m *20% = 2m)

But if you look at the shares available in the open-offer after taking into consideration just two individuals (Antos & Mr CMR) it is a little different. If these two apply for their full entitlement they would receive 1,159,068,564 and that would leave only 4,173,152,570. Then if Mr Freeman applies the balance is 4,099,492,909 and if only 50% of the owners of these 4 billion shares apply for their full allocation in full then that would leave about 2,049,746,455 available for excess allocation. Now if Antos, Mr CMR & Mr Freeman apply for the same again as their disclosed holding that would take out 1,232,728,225 and only leave 817,018,230 for everyone else who would like additional shares.

Now you may think it would be unfair if the three above were to be allocated an additional 1,232,728,225 but is it? Why would the company not “reward” “Loyal large shareholders”? (Life is unfair) So on the above scenario just over 817 million shares would then be available for “ordinary shareholders” These ordinary shareholders could have taken up in the open offer about 2 billion shares (50%) and if they all requested an equal amount to their current shareholdings then they may request 2 billion (in reality I believe they will apply for a lot more) On 2 billion and only having 817 million (using the above figures) would mean they would only get about 39.86% (say 40%) so if you requested an additional 10 million you may get 4 million (10m *40% = 4m)

You can make your own assumptions as to how many will apply for their open-offer entitlement, how many additional shares they may apply for using the percentage you yourself have applied for and see what numbers you come up with.

RKB

PS now you must not factor in a figure of 1.66 billion by subtracting this figure to balance the arithmetic as this is not permitte

Cannabis Research

Copyright Peterhouse Research July 2018 Author Emma Ulker

Some Posters on this B.B. may be aware that I had a difference of opinion when I was Posting on another share with the Broker “Peterhouse Capital Ltd” and I had to walk away from that share (at over 200%)

Now I know that there are a few people in Peterhouse Capital Ltd who know my name and they have accepted a get-out-of-jail-free-card but I did not expect to receive “the nod” about this “Cannabis Research” by Emma Ulker (I have not spoken to this Emma) but when you click on the link it takes you to their home page and if you scroll down you will see this research.

One quote on page 20 is “One of the largest and most established states is Colorado. Its marijuana market was valued at $700m in sales in 2015 rising 42% to $1bn in 2016, and over US $135 million was collected in state tax. Current estimates suggest that combined taxes and license fees are three times the value collected from alcohol sales”

When you consider the possibilities for any US State (when they legalise Cannabis use) the potential revenue then you may have an idea as to why RP got involved in this part of our business.

Also it gives some figures for various subfigures and their sales just in the State of Colorado.

Flower $186.6 million
Pre-Rolled $15.79 million
Other $16.07 million
Concentrates $72.54 million
Edibles $46 million

Now if you look at the three states that are analysed Colorado, Washington & Oregon you may then understand why RP picked Colorado. There is a lot of good research (in my opinion) on the way that things are about to progress in the USA contained within this research.

As always, DYOR

RKB

PS Thanks (but still not even)

https://peterhousecap.com/

Good Morning

I noticed as soon as the new ticker for BOU was set-up that there was an anomaly with the number of shares in issue, but is it an anomaly?

I number crunched with all the possible combinations, from the original failed placing (on pre-exemption rights) on 1.66 billion shares, the 220 million director shares, the warrants 1 for 1 and then 1 for 2 and even tried to factor in the small pre-exemption proposal of 1.75 billion and I could only get a (close-by) figure out by 80 million so at first glance it just seems to be an admin error.

But if you take the AIM Rule 26 figure from 28th Feb 2019 of 3,632,221,134 add 5.3 billion and subtract the director shares of 220 million you get 8.744 billion almost the figure they indicate of 8,746.38m.

Now if you look at the main LSE site you will see a Market Capt of £3.73 million and a bid & ask of 0.03p divide £3.73 million by 0.03p and you get 12,433,333,333 shares. Now does this looks to the future after 21st May?

Current shares, 5.3 billion, OO shares 5.3 billion and pre-exemption shares 1,759,632,974 total 12,424,075,242.

12,424,075,242 times 0.03p = £3,727,223 and due to rounding that could be why the main LSE sites says we are currently worth £3.73 million.

I do not believe there will be any issues at the GM on 21st May 2019 but all current shareholders should vote and if anyone asked me for my council I would council them to vote in favour of all resolutions. By early June there will be an updated AIM Rule 26 on the Bould Opportunities Website and at that stage any errors on LSE will have been corrected.

RKB

Director Buy

So yesterday we have a director buying a little shares and as we now know how many they bought yesterday we can put that sell down at 16:05 as a buy and might as well do the same for the ones at 10:04am and 8:15am.

Whenever you have a silly spread of 28.57% then I think you can conclude that to make a Market in our shares the Market Makers need to do what they need to do!

RKB

Sad World
What a sad world we live in, daily we are reminded about Bank Fraud, Scams, Goods & Services not provided and we are advised by numerous bodies like HMRC, British Bankers Association, Which? And Watchdog etc but nobody warns us about the Shorters or D14 or his ilk.

So this morning we have had Lloydiee69 intimating he/she is going to sell but they will then crystallise his loss of £18,000 as indicated on the 11th April. Why would he/she sell now? Is it because of the “Usual Suspects”? I believe your average is 25p (like my own) so recently he/she would have been down about 50% and now because of the “Usual Suspects” doing what they do some of your recovered losses have disappeared.

Lloydiee69 I have studied HNR extensively and dissected the accounts and the only negative that I have had to convey to RP & the BOD was the recent placing. I have no intention of selling, I still believe we will have a maiden dividend in 2020 and all my calculations I standby them.They will revert back to “selective” Posting and say “RKB does not factor in taxes bla bla bla” but ignore the fact I excluded the 4,000 MCFPD of gas (as it does not fit their agenda)

I have not traded HNR and I am pleased to hold for capital growth.

RKB

PS they remind me of the class bullies who may think they are smart and get away with what they are doing “unpunished” but in the end it makes you stronger if you stand up to them. At secondary school the big bully “claimed” me for a fight and I turned up at the time and place and he was surprised and said he thought I would not have been there. I said I was not frightened of him and as long as I landed one punch on him I would have won. He walked away saying he did not need to fight me and he never bothered me again. Unfortunately in the grown-up world the D14’s don’t play fair but in the end it is them that are the losers.

Burningspear

If a Poster was to read the RNS’s from start to finish for HNR (from inception of our company) then they would know what I have Posted is correct using the information I have included along with the values I have used to produce the calculations.

Maybe it has to be simplified for let’s say “the negative ones”.

If you were to win the Lottery and you won £27 million and put it in a UK Bank (say Metro Bank) as they would pay you an excellent rate of interest of about 11.2% PA. That would mean at the end of one year you would have exactly £3,024,000. Now you can take the £24K and place it in pound coins wherever it gives you some pleasure and the other £3 million you can use it to fund your “investment overheads” in your shares that you invest in.

So now we look at one of the other oil companies you “Post” on: UKOG. Shares in issue versus HNR?

UKOG 6,047,606,516 shares or will we just call it 6 Billion shares?

HNR 136,483,080 shares or say 137 Million shares.

Now that is over 44 times more shares in UKOG than HNR, why do you think that is? Well convertible loan notes may give you a hint, but then you know that do you not? Revenue for UKOG in 2018? (hint less than £250K) I could go on and make many other “observations” but the only one that anyone needs to make is to observe your Posting history versus mine and then they can decide what your aim is.

RKB

PS I apologise to any holders of UKOG I am only trying to “enlighten” someone and I have no desire to be negative about your company.

Capital Employed £0 Return £3 Million

Excellent news this morning. To have eight producing wells in East Denver that we have not had to provide any capital at all and to be on a free ride for 7.5% with WTC currently at about $62 will give us about $330,000 a month (or £250,000 a month at $1:30 to £1) But for this Post I will say only £3 million (GBP) for 2019. I have taken 7.5% of 2,700 BPD = 202.5 but used 200 BPD for our free carry and used not $62 but $55 and ignored the 4,000 MCFPD of gas. 200 * 30 days * $55 = $330,000 a month or about £250,000 per year = £3 million.

From BP’s most recent Annual Report, in 2018 BP had a return on Capital Employed of 11.2% compared to 5.8% in 2017.

If HNR had to have put in Capital for all the 8 Wells in East Denver in proportion to their free carry of 7.5% then I estimate that we would have to have put in £27 million. (£27 m * 11.2% = £3 m)

What actually happened is that we received back from True Oil (& partners $5m + $430K) our capital investment of $5.43 million and in return we have a free carry of 7.5%

Let us assume we had put in the £27 million and we had “borrowed” this money from a Bank at a rate of interest of say 11.2% then we would only cover our costs and there would be no profit for HNR. Well we did not have to borrow from a Bank or dilute shareholders. i.e we do not have any convertible loan notes or any debt, just an income producing asset at no cost to you or me (a free carry)

RKB

PS this Post should be read alongside HopefulDave's

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/fourth-quarter-2018-results.html

Whenever I advised clients I always said that there are rules but it is how you interpret the rules (providing you do nothing illegal)

Now what we had previously on the old website was an AIM Rule 26 with a date of 28th February and only 3.6 billion shares even though in early March we had a placing which resulted in our current 5.3 billion shares.

First: I am 100% confident that Antos & TR1 guy will have advised the company if they had crossed a threshold.

Second: Under AIM Rule 26 the minimum updates per year are two.

So let us assume (through counselling) that both have increased and increased substantially and they have since 27th April 2019 have advised the company. On a “loose” interpretation of the rules they do not have to update the website, but say they did and they updated the website and combined they had 29.99% would that encourage you to take up your allocation?

There are some who are “saying” they are going to apply for 100’s of millions of additional shares, my council would be to take a step back and think what could happen.

Say excluding Antos & TR1 guy there was available 4 billion (for back of envelope calculation) and 2 billion are taken up as normal allocation which would leave 2 billion for excess allocation. Then estimate how many extra shares may be applied for. You may think that you will be allocated one third of what you request but will you even get that?

We have to ignore my past issues (as we know officially that does not happen) and assume there will be 2 billion shares available (using the above figures) do you think if say 200 people requested 10 million (= 2 billion) and 10 people requested 50 million each (= 500 million) that they would even consider giving any of the 50 million request out? Basically if some got 3.33 million and some got 16.66 million do you think that is fair? It is not fair in my opinion and the reason is there for all to see.

The placing has been set at 0.0125p for a reason (to address past issues and to right previous wrongs)

I believe anyone who requests up to 10 million will have a better chance of success than someone who is looking for 50 million or more (they want to reward LTH not the speculators)

RKB

Good evening Pmac1900

Answer: Yes

Now if you had taken note you would have valuable information. Even though I am no longer a shareholder I still provide and accept council.

Council is a noun. Its most common sense is “an assembly of persons convened for deliberation or the like.”

If I was advising my daughter I would advise her to hold and accept her full allocation and also to apply for the remainder of the 5.3 billion shares on offer. Now we all now that would cost in excess of £600K and knowing my daughter she probably does not have a spare £600K unless I get “hit by the bus imminently”

Why would I advise her to attempt to take up to 5 billion additional shares more than her full allocation? Well it would present a problem or two (you can work out the second problem yourself) One problem would be that she would have more than 30% and would-be obliged to make an offer for the Company. But we know she is not going to apply for too many extra shares.

All I would say in regards to the current percentage holdings is that Antos is now disclosed as 758 million which should be sufficient information for anyone to make their own investment decision without any “council”

There is also as of 27th April 2019 Mr TR1 with his 401 million. Now this is interesting as this date is a Saturday. On the Friday 26th April we closed at 0.05p and as MR TR1 had not sold then I think you can conclude that he still has all his 401 million as we were informed on 1st May 2019 about the placing.

When you have Antos with 758 million and Mr TR1 with 401 million that is 1,159 million but don’t you think both of them would have picked up a few shares at the lows of 0.03p? If Antos picked up say another 758 million (don’t know if it would have been possible as not been checking volumes) But let us assume (through counselling) that between them they have just under 30% of the enlarged share capital, would this not assist someone to ease an RTO?

I will observe from a distance and as your General Meeting is on my birthday I will no doubt be celebrating for all shareholders with a glass of red stuff.

RKB

PS did someone mention a large buy? Only one? Are there more still to come before the General Meeting?