Member Info for RKBeekeeper

Hello Madhatter

The question can be asked at the GM (after the resolutions have been voted on) this will be covered under any other business.

I do not want the Nomad to be changed.

RKB

Companies House

Some Posters will be aware that there is a gold mine of information to be found at Companies House.

If you look at our Nomad you will find some interesting information.

Two of the major shareholders are Nick N (Nicholas Naylor) along with John D (John Depasquale) note it appears James H is not in the same league as the other two.

Now I spoke to some contacts this morning to find out what sort of fees a Nomad could earn and a Broker said between £5K and £10K a month (depending on the amount of work) Going on the lower end that is £60K a year.

We have been informed that our company (according to the RNS last Thursday) “the Directors will be forced to consider the viability of the Company's future”. So if this was to happen then the Nomad drops possibly £60K maybe even £120K.

Also from Companies House the Nomad’s most recent annual accounts state that their profits after tax were £378,976 and they paid a dividend of £252,834.

Often overlooked in accounts are the principle risks which the directors have to disclose. Under Regulatory Risk it says “The Directors aim to maintain the highest standards when conducting business in all of the markets in which the Company operates”. This gives me confidence that the directors will not act against PSL shareholders interest (small or large)

Another risk is Market Risk and the directors say “The Companies’ business is largely dependent on stock market conditions, in particular the level of Corporate and fundraising activity and the availability of financial resources through investors”. Again this gives me confidence that the directors will not act against PSL shareholders interest (small or large) because we are their bread and butter.

The thing that irritates me is that the Company are seeking the authority to issue 5.3 billion shares when at the present time they do not in my opinion need that amount of shares.

If OUR COMPANY is going to be a cash shell then would it not have been good Corporate Governance to seek a limited authority to issue shares on a pre-exemption basis to get to the position of the RTO and then at that stage offer ALL SHAREHOLDERS an opportunity to participate in a rights issue?

Hopefully on Friday they will come to their senses and do what is honourable so that our company can continue and they can earn their fees.

RKB

RNS from last Thursday

I was disappointed that PSL issued their RNS last Thursday and said

“Should the Proposals be voted down, the Directors will be forced to consider the viability of the Company's future.” “The Directors therefore urge Shareholders to approve the Resolutions proposed at the General Meeting on the 5th April 2019.”

So we have a situation where the Company have raised £545,000 from placings on 14/12/18, 17/12/19, 30/01/19 and 6/03/19 (I have excluded the £43,000 raised from the warrants on 30/08/18 and the £24,000 paid in lieu of salary on 17/01/19)

Do you really think the company had no money left from the £100,000 they raised on 14/12/18? The company took a decision not to pay the salaries of two directors and paid them in shares which duly halved overnight.

RKB

Six degrees of separation

I posted on another B.B. on 15th Feb 2019

What a small world we live in. I read somewhere long ago that we are all connected with each other in the world by only six or fewer people. This is known as “Six degrees of separation”

Now if I know a pharmacist (personally) then is there only 2 degrees between myself and a billionaire? 25% of my profits if you can answer that.

RKB

PS I always stay below 3% so that I do not have to TR1. Now what does 14.22% + 7.52% and 2.99% add up to? Will that get John D, James H and Nick N to wake-up?

Hello again Investbest123

If your broker is working in your best interest then you should be able to call them and ask them to send you a valid document (signed) with your full name and the number of shares you hold. You will not be able to gain entry to the General Meeting unless you have a valid letter of authority.

RKB

Hello Investbest123

First it is illegal to record the meeting and all present will be advised to switch off their phones before the GM commences.

You need a letter from your broker to confirm that you are a shareholder and you have to have proof of ID.

As for questions? Well that is already taken care of.

RKB

The cat is going to London as you would expect.

K M Law Solicitors are located at 18 London Road.

RKB

18 London Road

It appears a Mr D Whittington used to live in this building at one time and then he went to a meeting in London (this Friday!) as he heard the streets were paved with PSL Gold (according to the blue plaque on the wall)

Note the above should have been posted on Monday.

RKB

PS Applegarth why did you not email me about the TR1 guy?

Good Morning Applegarth

With regards to your post yesterday at 22:21 I will drive past (within the next 2 hours) 18 London Road Glasgow and check it out (maybe there will be gold hand-railings and sold gold door knobs.

RKB

Good afternoon Jace86

If you were to look at the website you would see that the AIM Rule 26 is not up to date. Only one shareholder has TR1 to say that due to share issues they have reduced from 20.87% to 14.22%.

Why have we not been informed that other major shareholders have changed their percentage holdings due to placings?

How many TR1’s are they withholding?

RKB

PS you made a loss within 13 minutes! Do you know what is happening on Friday?

Good morning Blutonyblu

Excellent Post could not have put it better myself.

RKB

Teletext & Ceefax

When I first bought shares in 1993 the only place you could see share prices was on Teletext or Ceefax. There was no internet, bulletin boards or twitter. I had to read the FT from page to page six days a week, read on average four or five annual reports a month (FT service sent me a box every month on the ones I requested from a tick list) Read newspaper archives in the Mitchell Library in Glasgow and made my choices.

I began with £300 and bought 1,000 shares in Stoddard Holdings, had to go into my Bank Branch, they called the broker and then executed the deal. I sold those initial shares for £270 as I had to preserve my capital. I eventually dealt direct with the stockbroker and soon found out that they were not playing fair. I would phone them and they would quote a price and I bought. Then I would phone them again to sell and the price I was offered was less than it should have been. Eventually I figured out how to outsmart them, I asked for a price of a share I had and they assumed I was selling and they would knock a few pence off and I would say that was less than I thought and they would say but to buy is xp and I would then say I want to buy. Eventually they quoted me the correct price in the future.

Nowadays we have bulletin boards, twitter and the internet and it is becoming more and more clearer to me each day that the system is broken and dare I say corrupt? The Market Makers set the price and we buy and sell but in the UK they don’t have to record the buys and sells correctly. On PSL the other day there were over two billion shares traded, regardless what MM indicate there were only one billion buys and one billion sells (they have to balance the books)

I do extensive research but it is pointless because we have what I call in AIM what the Bookies have (for a short time only) Fix Betting Terminals whereby punters will bet £100 on shares. What is the point of buying £100 of shares? Is it going to make you rich? It is basically gambling and it is often by people who can’t even spell. The rubbish that Posters post is getting worse and the deceit they use is a mirror image of our MP’s and Brexit.

I recently had the displeasure of being excluded from a PrimaryBid placing in HNR (due to my shares being in a SIPP) so I was not able to take part in the placing so a LTH with £100K invested was “ignored”. I let the company know that I was displeased and even though they responded very quickly to explain their reason for using PrimaryBid it still disadvantaged me.

RKB

PS I will not be meeting RP next week, I will not be attending the AGM and I will be starting a campaign to vote against any resolution that disallows pre-exemption rights for LTS. HNR will eventually recover but it will take time which will be at the expense of loyal LTS. I am going to take a break from Posting and just talk to a few trusted friends.

Teletext & Ceefax

When I first bought shares in 1993 the only place you could see share prices was on Teletext or Ceefax. There was no internet, bulletin boards or twitter. I had to read the FT from page to page six days a week, read on average four or five annual reports a month (FT service sent me a box every month on the ones I requested from a tick list) Read newspaper archives in the Mitchell Library in Glasgow and made my choices.

I began with £300 and bought 1,000 shares in Stoddard Holdings, had to go into my Bank Branch, they called the broker and then executed the deal. I sold those initial shares for £270 as I had to preserve my capital. I eventually dealt direct with the stockbroker and soon found out that they were not playing fair. I would phone them and they would quote a price and I bought. Then I would phone them again to sell and the price I was offered was less than it should have been. Eventually I figured out how to outsmart them, I asked for a price of a share I had and they assumed I was selling and they would knock a few pence off and I would say that was less than I thought and they would say but to buy is xp and I would then say I want to buy. Eventually they quoted me the correct price in the future.

Nowadays we have bulletin boards, twitter and the internet and it is becoming more and more clearer to me each day that the system is broken and dare I say corrupt? The Market Makers set the price and we buy and sell but in the UK they don’t have to record the buys and sells correctly. On PSL the other day there were over two billion shares traded, regardless what MM indicate there were only one billion buys and one billion sells (they have to balance the books)

I do extensive research but it is pointless because we have what I call in AIM what the Bookies have (for a short time only) Fix Betting Terminals whereby punters will bet £100 on shares. What is the point of buying £100 of shares? Is it going to make you rich? It is basically gambling and it is often by people who can’t even spell. The rubbish that Posters post is getting worse and the deceit they use is a mirror image of our MP’s and Brexit.

I recently had the displeasure of being excluded from a PrimaryBid placing in HNR (due to my shares being in a SIPP) so I was not able to take part in the placing so a LTH with £100K invested was “ignored”. I let the company know that I was displeased and even though they responded very quickly to explain their reason for using PrimaryBid it still disadvantaged me.

RKB

PS Our company is grossly undervalued and I am confident that our BOD will be able to increase the value of our company to their stated goal. I am going to take a break from Posting and just talk to a few trusted friends.

Teletext & Ceefax

When I first bought shares in 1993 the only place you could see share prices was on Teletext or Ceefax. There was no internet, bulletin boards or twitter. I had to read the FT from page to page six days a week, read on average four or five annual reports a month (FT service sent me a box every month on the ones I requested from a tick list) Read newspaper archives in the Mitchell Library in Glasgow and made my choices.

I began with £300 and bought 1,000 shares in Stoddard Holdings, had to go into my Bank Branch, they called the broker and then executed the deal. I sold those initial shares for £270 as I had to preserve my capital. I eventually dealt direct with the stockbroker and soon found out that they were not playing fair. I would phone them and they would quote a price and I bought. Then I would phone them again to sell and the price I was offered was less than it should have been. Eventually I figured out how to outsmart them, I asked for a price of a share I had and they assumed I was selling and they would knock a few pence off and I would say that was less than I thought and they would say but to buy is xp and I would then say I want to buy. Eventually they quoted me the correct price in the future.

Nowadays we have bulletin boards, twitter and the internet and it is becoming more and more clearer to me each day that the system is broken and dare I say corrupt? The Market Makers set the price and we buy and sell but in the UK they don’t have to record the buys and sells correctly. On PSL the other day there were over two billion shares traded, regardless what MM indicate there were only one billion buys and one billion sells (they have to balance the books)

I do extensive research but it is pointless because we have what I call in AIM what the Bookies have (for a short time only) Fix Betting Terminals whereby punters will bet £100 on shares. What is the point of buying £100 of shares? Is it going to make you rich? It is basically gambling and it is often by people who can’t even spell. The rubbish that Posters post is getting worse and the deceit they use is a mirror image of our MP’s and Brexit.

I recently had the displeasure of being excluded from a PrimaryBid placing in HNR (due to my shares being in a SIPP) so I was not able to take part in the placing so a LTH with £100K invested was “ignored”. I let the company know that I was displeased and even though they responded very quickly to explain their reason for using PrimaryBid it still disadvantaged me.

RKB

PS I have not sold a single share in CLP for over 15 months but I have been accumulating substantially but making sure I do not cross over 3% so as to avoid the debate if I have to TR1 or not because my shares are in a Nominee Account. I am going to take a break from Posting and just talk to a few trusted friends.

Business Update

PBV Monitor: This is beginning to look more and more interesting. When FG took the initial stake of 10% last December PBV Monitor was just beginning to expand. CLP have a director on their Board 99.9% certain it is FG and Clear Leisure will receive a 4% fee if / when PBV Monitor lists (within 4 years) I would expect our shareholding to increase substantially over the coming year. I also posted details of the fees that are charged to the Legal Firms (that Law Firms can upgrade their profile to €1,200 for one year’s membership) and Partner’s Profile” cost is €350 for one year’s membership. When you see how many law firms they are targeting the income stream could substantial increase the value of PBV Monitor.

Mediapolis: There is in my opinion ambiguity with this update. On the one hand our lawyers are still evaluating an appeal but on the other hand they will request the assignment of the €1.9 million to CLP 2017. What are we doing, appealing or taking the €1.9 million?

Geosim: At one point this was written off and now it is in our accounts for about €500,000 (from memory) FG appears to me to be alluding to exiting possibilities for Geosim due to the contracts with Hong Kong International Airport and Los Angeles Metropolitan Transportation Authority. In our current messed up world what with the recent tragic events in New Zealand I believe that Geosim services will be invaluable to local authorities and all security services due to Geosim 3D graphics for buildings and city streets. FG will in my opinion extract value from our investment in Geosim.

Sipiem: This is a strange one as I was not aware that Sipiem was in liquidation. FG says “Sipiem’s liquidator filed a claim for €10.8 million. If Sipiem is actually in liquidation then in my opinion there are substantial assets within this company. FG needs to clarify the situation with Sipiem, if it is in liquidation then let us know officially.

Sosushi: We have filed a claim for €1,030,000 which I believe in the fullness of time we will succeed. As to the counter claim I also believe there is no merit in their claim. If you know the full background (it is all there in previous RNS and Reports) then you may also agree with me.

Crypto currencies: Well this does not surprise me, not a fan of Bit-coin or any other crypto and FG could always permit our PR guy Christian to have a “Haven” type holiday in Serbia rather than the one in Sardinia.

Conclusion: We are beginning to look like a cash shell company, what with the £1,150,000 received between December and January from the Fortune Cookie settlement, the probability of €1.9 million from the Mediapolis Land settlement, ongoing claims with Sipiem of €10.8 million and all the assets from Sipiem, funds possibly incoming from the Sardinian Villas and multiple other legal claims that FG has alluded to over the past few years and the RTO (via PBV Monitor) to access our €50 million tax losses.

RKB

GraphiteTech

Often it is advisable to keep ones mouth shut and let people think what they want than to open ones mouth and let everyone know that you are rude.

I do not smoke but I see you have a habitual habit of posting but often not much substance.

RKB

PS use the filter button for three weeks.

Hello again Slowlyslowly

For a moment set-aside the BoD saying we are going to be a cash shell (and changing name)

BoD decide to go in a different direction and to do that they sell-off all their assets and “borrow” $55 million, what do you think the reaction of the shareholders would be?

Then reverse this situation, you have a company that has access to $55 million, has a business plan, needs access to equity funding and looks at PSL.

RKB

Good afternoon Applegarth

I do not believe they will want a Main Market listing and the main reason would be it is more difficult to pump out billions of shares. We all know AIM is for mates and any company that issues warrants are only rewarding their friends.

RKB

Warrants & Placings etc

In 2019 there have been placings on

17/01/19 for £100K

30/01/19 for £175K

06/03/19 for £170K

06/03/19 conditional director placing potential £24K

19/03/19 conditional placing potential £200K

19/03/19 conditional warrants potential £166,667

Total funds from 17/01/19 to potentially 5/04/19 £835,667 (this ignores the 15 million warrants from 02/05/18 for £4,500.

So company raises potentially £840K almost all at nominal value.

So if we had not raised all this £840K before the RTO then the new company would have to issue shares at almost nominal value to get the same money but the realty they want to raise money at a substantial premium, you only have to wait three weeks for this to transpire.

RKB

Hello Torino

As there has been a correction to this morning’s RNS the new figure is about 7 billion (6,998,887,800) this includes the 2:1 warrants (833,333,333) but that ignores other potential warrants.

2/05/18 there are potentially 15 million warrants at 0.3p (not 0.02p like today’s RNS)

6/03/19 Conditional shares to two directors 240 million at nominal value 0.01p

Note going back to April 2018 (which will be one year before we began all the serious placings) There were 583 million shares in issue then. After 5th April 2019 and assuming all resolutions past and outstanding warrants exercised there will be about 8 billion shares in issue.

The maximum shares that could have been in private investors hands could have been 583 million (the reality it was nothing like that but for this post let us assume all 583 million were owned by you and me.

Then some very wealthy individuals decide that they need a vehicle to expand their empire so they begin the process of ensuring subsequent placings are in “safe hands”.

We then jump to 8 billion shares from 583 million. This would mean that the 583 million shares only have 7.23% of the 8 billion and as detailed above this 583 million will be substantially less.

So we have a potential RTO that only have to “buy-out” 7.23% but in reality they have to buy-out everybody. What does this mean for you and me?

RKB

PS Still nobody has understood the document lodged on 29/11/18 so for the 95% of Posters on our B.B. who can’t be bothered to read or research it said “A loan note dated 04/07/18 for the sum of $55 million USA $ between 1) Boris Wind Group, 2) Geoenrgy Ltd and 3) Michael Mgal” you need to read this in full.