Member Info for RKBeekeeper

Greatland Gold PLC

Prim have now invested £629K in Greatland Gold Plc at an average of exactly 1.7p.

Prim recently had a TR1 from a private investor called Stephen Labrum who went straight in with a disclosed holding of 92.5 million shares. There may be a correlation with our TR1 investor, GGP incoming news along with overdue news from Weshop.

Prim did not sell any Greatland Gold PLC at 2.5p just accumulating like another Stephen in Greatland Gold Plc where he has acquired 7.42% or 240 million (slightly more than our 37 million)

RKB

PBV Monitor

So I have now signed up and my membership is free. But if I want to I can upgrade to a “Partner’s Profile” at a cost of €350 for one year’s membership.

In the past I used to share my research freely on various B.B. but now I mainly talk or email about a dozen truly trustworthy friends.

If you were to do some basic research yourself and not rely on others then you may be able to work out or even establish how many lawyers have upgraded their profiles to the €350 membership (nice little earner that is and we have how much of PBV Monitor?)

If you are in “research mode” then what you could do is filter the various dropdown buttons and not look for lawyers but maybe look for say “Dispute Resolution” then maybe a particular country and have a look at what was disputed and resolved on. Hint: Italy: FPB Ferrari Pedeferri Boni: Clear Leisure.

If you have done some basic research you will now see that Law Firms can upgrade their profile to €1,200 for one year’s membership (another little earner)

If you had over the years compiled a list of companies that CLP had invested in along with names of people associated with these companies and then searched on PBV Monitor then you would understand why I believe we are going to one day be worth a lot more than we are currently.

As always it pays dividends if you do your own research.

RKB

PBV Monitor

CLP purchased a 10% stake in PBV Monitor on 28th December 2018 with 35,365,389 shares valued at £278,750 which valued PBV Monitor at £2.8 million approximately. The actual cost to CLP in Nominal Value was £88,413 so in the financial year 2017-2018 our Net Assets on this transaction will increase by £190,337.

Our biggest “asset” is our Tax Losses. At the end of 2017 we had €29 million unutilised (Management Expenses €20 million and Capital Losses €9 million). The previous year we had €61 million of Tax Losses but due to the Liquidation of Mediapolis we lost a lot of the Tax Losses (can still access them but they are pushed in to one of our subsidiaries)

Our Tax Losses will be reduced further in 2017-2018 due to the Bond Conversion and the Fortune Cookie settlement. Also we will record a profit on the Loan we converted at a premium on 9/03/18, various placings at premium to nominal value, the small Bond Conversion at 4p but we will have increased expenses due to all the litigation not only with the Mediapolis Appeal(s) and the Fortune Cookie successful court claim and also the expense of the Sosushi claim and counter claim.

You may be impressed with the link below. The YouTube video is less than two minutes long but it gives you an overview of what PBV Monitor is about.

I am a registered user of PBV Monitor (it is free to register but you need a company name and I just used the RKB Financial Services name I used to use when I was self employed) and you may also be impressed what I discovered about some legal cases.

RKB

http://www.pbvmonitor.com/default.htm

PS What I believe FG is working towards is a Reverse Takeover to utilise our Tax Losses. What we do not know is how this will be carried out but it could be connected to PBV Monitor.

HNR Results

Only one month and half a day to go before the end of our financial year.

Now 14 14 14 141 141 will not want you to know at the end of the last financial year we had a cash balance of £602,814 and net assets of £9,367,661.

Now our resident “saviour” will look for something in the accounts to “distract” you from the fact that our assets are increasing and as you must know by now we have a free carry of 7.5% on our 8 East Denver wells which are producing (on a small choke) an initial combined production rate of 4,600 Boepd. But our “saviour” will want you to believe that the income (after his own “royalty payment”) will not cover our expenses, but alas he (she) is wrong. RP is ensuring that our income from East Denver is being correctly spent to fund our “15 employees” and the BoD, but also to acquire further “resources” to produce income.

Now our “saviour” will also point out that if we pay employees in the USA there will be local taxes etc etc just to make you think that you are invested in a company that will not grow. How wrong he (she) is.

When RP produces this year’s results you will see a further increase in cash on the balance sheet, an increase in net assets and a large increase in revenue from East Denver.

RKB

PS I am about to cross over to your other B.B. and then maybe you will stop and reflect that you are not our “saviour.” Oh almost forgot we have 15 employees almost as many as his log-ins.

Hello

Continued:

Nominee Accounts: There were some Posts about Nominee Accounts and lack of transparency. CLP do update their AIM Rule 26 on a more regular basis than most other AIM companies that I am aware of. I took the BoD to task several years ago about this and it was improved. I have a record of each AIM Rule 26 change going back several years. One very quick change was on 29/05/18 Bank of New York (Nominees) had disclosed 12.71% then an updated holding on 19/06/18 of 0%. Now on 22/05/18 there was a placing for £600K at 0.95p which resulted in 63,157,890 shares being issued (which is less than the shares issued to remove 2.1 million of Convertible Bonds i.e 50,992,826 shares) Now these shares were admitted to trading on AIM on 29/05/18 (the date AIM Rule 26 was updated!) FG did not have to update the AIM Rule 26 that day but he did and what did it show? Bank of New York (Nominees) had disclosed 12.71% which on a calculation of the shares in issue at the time of 496,961,082 that they had about 63,163,754 but due to decimal point and rounding you can accurately calculate that they took the whole placing. You can also conclude that FG, PR and SP Angel have excellent contacts.

Fortune Cookie: Talk of taking a haircut is wrong. Timmit explains it more accurately and from memory I believe it was because FG successfully managed to obtain certain documents that JC was trying to withhold that JC made an offer that was acceptable.

RKB

Hello

It was interesting to see we had some genuine debate on our B.B. this morning so I thought I would also contribute.

Bond Conversions: It is my understanding that FG will issue another conversion notice at some point and more Bond holders will convert, but on a personal level I do not think Eufingest will convert, they will be repaid in cash and before December 2020. It is only after you understand the real reason why Eufingest (our largest shareholder and benefactor) are supporting FG that you may agree with me that Eufingest will be repaid in full. (You have to understand how Eufingest became our largest shareholder, how the relationship began, why it continues and then you may or may not agree with me)

Awaiting News: I Posted yesterday “as we wait for news” because we are waiting for news. I am not aware when an RNS will arrive, others often contact Christian and our PR may allude “something is on its way” but the reality is Christian will never disclose anything to an “outsider”. We are due news on several fronts and as most on our B.B. know I am an optimist and I am optimistic that when news arrives it will be positive.

PBV Monitor: We already own 10% of PBV Monitor paid for in shares. Logically in my opinion I believe FG will buy more and if he does then eventually CLP could take full control. As CLP has about £40 million or whatever in available tax losses etc, FG could place the PBV Monitor company in a “new company” with the tax losses and then issue shares to existing CLP shareholders. This is a possibility but how or when or if it happens I do not know except if we increase our shareholding to closer to 30% then it would most likely happen we would take a majority position that would lead to positives for CLP.

RKB

Nominee Account

I disagree that a Nominee Account can rise and fall without the Company being informed.

If you had attended any of the three AGM’s that I did last year then you would be aware of the information that is provided by all Nominee Companies.

Technically if I buy 2% more of CLP in my SIPP and this crossed a threshold that under FCA’s reporting rules should be notified to the company it would. But if my shares were purchased from another HL client then the actual percentage that HL held in their nominee account would not change. The chances of all my 2% additional purchase coming from HL clients is not high but it could balance out so that there is no notification required.

I have posted on another share about some details that you would think would not be disclosed in a Nominee Account but they were.

RKB

Engage Update

Engage Technology Partners Ltd

I last posted about Engage in late January but it appears nobody did any further research.

On 6th February 2019 Engage Technology Partners Ltd passed a resolution to adopt amended Articles of Association but this was not your normal Articles of Association. First they had to contact all their shareholders and get their “votes” and as they obtained a majority in favour the resolution to adopt new / amended Articles of Association was passed.

Most of us assume that if you hold your shares in a nominee account that your identity will not be disclosed. Wrong.

When you look closely at the document on Companies House you find all sorts of information. Peoples names, dates signed, who signed together (possibly indication of a spouse or “relative”) where documents were signed and when meetings took place. Also you can ascertain who actually attended the meeting.

With most of my shares I always exercise my right to vote at AGM’s and if possible I like to attend AGM’s. I also have some legacy shares in my SIPP that are almost worthless (less than £100) and the only reason I retain these legacy shares is so I can monitor them. Like VELA where I made £51K clear profit over a year ago.

Now do you think I would spend the time and effort to attend a VELA AGM? So the question is why did a number of shareholders in Engage Technology Partners Ltd who owned only 4 or 11 shares attend and vote? Their shares were worth £22 each.

I have said that Engage Technology Partners Ltd will be worth five times what we paid when they have their IPO and I still stand by that.

The new / amended Articles of Association were another step in the preparation of their IPO.

DYOR

RKB

As we wait for news

Good morning LtdAxis

We do know how many Bond Holders converted, two. One holder had the bulk of the Bonds and kept all their shares and holds them under a nominee company called Vidicos. You will only find out that this nominee company is controlled by a Bank, you will not know who is (are) the individual(s) that are the beneficial owners of the 46,157,259 shares.

If FG decides to issue another Bond Holder conversion notice (in the next 2 or 3 days) then this will be at a price of 2.95p.

I would not be surprised if we also purchase a further 10% of PBV Monitor and if we do then I will then also know the vehicle that will be used for the RTO of CLP.

RKB

D14Mond

What are you worried about? I post about a free carry and no debt and you do not want others to be aware of that, strange.

To be a prolific poster on a share you do not own (allegedly) says it all.

RKB

D14Mond

I used a figure of $50 not $56 or $57 so as to allow for a non constant oil price.

What you rant on and on about is just getting tedious; you can’t accept the fact that this is a free carry. You do not understand what RP is doing having income from assets that are not costing us a cent.

I will ask you a question: what do you want to achieve? Are you saying that a company that can receive over $500K a month at no cost is a company that Posters should avoid?

Are you saying that Posters should wait till the share-price is xp and then when it reaches xp they should buy as it is a good price?

Are you saying that Posters should wait till the BoD take on debt and issue 100’s million of shares as that will be the correct time to be in HNR?

D14 you are wrong. We are not taking on debt, we have producing assets at no cost and other assets which RP will monetise. You carry on doing what you do and help save everyone we really appreciate the time you expend here, you should be up for an OBE or an MBE as you are so honourable.

RKB

PS I think a few will have called the 14 14 14 141 141 number with all the Posting you are doing.

$100 million

I am at a loss as to the motives for D14 Posting. Today’s RNS was excellent news for our production figures. To have at present an initial combined production rate of 4,600 Boepd (with a small choke at present) at no cost at all to HNR is positive.

I have a slightly different method of calculating how much we are due each month.

I calculate we are due about £xxx each and every month.

4,600 * 7.5% = 345 Price per Barrel $50 (I am not using the higher figure of $56 or $57 so as to allow for fluctuations)

345 * $50 = $17,250 per day and per 30 day month = $517,500

$517,500 * 12 months = $6,210,000 or to make it clear as a Diamond that is $6 million a year.

Now when I look at other oil companies and see what they are producing a year and the cost of their production, there is no comparison with HNR. We do not have billions of shares like other small oil companies; we have just over 118 million shares.

HNR have no debt, money in the Bank and a free income stream. It is almost like we have won the lottery.

If HNR was able to buy an annuity at 6.21% it would cost $100 million.

Robert Price and the management team will be able to grow HNR with this “annuity” and not have $100 million of debt.

RKB

What are Resources?

Our company name is Highlands Natural Resources.

For human beings to survive we need some “natural resources.”

The main resource to sustain life is water but other resources are obviously air, coal, minerals, natural gas, oil, plants and sunlight (I am sure there are more)

What does HNR have?

Water
Oil
Natural gas
Helium
Hydrogen
Nitrogen
Argon

And possibly plants in the form of Cannabis.

Many private investors are only ever “invested” for a quick buck but if you do your research like a few serious investors on our B.B. you will “reap your rewards.”

I have always said HNR has the potential to be a £500 million company in a few years times and our management team led by Robert Price are on a journey that will take you higher than you can possibly imagine.

RKB

PS I am confident that RP will announce a maiden dividend next year as there was no reason to restructure the share capital last September unless you are preparing the ground for a distribution of funds.

Good afternoon Gallini

You are too pessimistic, more like three years when you look at what we actually have.

RKB

Bond Conversions

At the end of last year FG managed to remove €2.1 million of Convertible Bonds in exchange for shares at 500% of the 10 day average as at 1st October 2018.

The share price back in October was about 0.75p and taking the mid-point of the spread the 10 day average came in at 4.234 euro cents or 3.76p.

FG only had to issue 50,992,826 shares of nominal value of £0.0025 worth to the Company only £127,482 but it removed €2.1 million of debt (about £1.9 million using conversion of €1.1 to £1.

Taking the current price and using the 10 day average then the 500% conversion price would be just under 3p.

A sceptic would maybe think will not happen (conversion at 3p) but who really knows what FG is planning?

RKB

PS Remember the original terms of the Convertible Bonds were interest of 11% and maturity date December 2015. Interest was reduced to 1% and maturity date moved to December 2022. FG always had a plan to deal with these Convertible Bonds and I believe we will see more Bonds converted this year.

Sunday Times

Today there is an interesting article in the Sunday Times Business section written by two well respected journalists, Sabah Meddings and Rachel Millard about cannabis.

Most Posters on our B.B. are aware that Highlands Natural Resources have commenced trials with District 8 with our own very pure nitrogen from our Kansas well. We may have only received a nomial $8,000 for our nitrogen but that was only to run an initial pilot program on about 50 cannabis plants. We also know HNR are seeking “organic” status for the nitrogen.

When you read the excellent article by Sabah Meddings and Rachel Millard in full you will maybe have more information as to how the world is changing and the values attached to some companies that are involved with cannabis.

I quote from their article (copyright Sunday Times) “Cannabis in numbers, £123 billion is the forecast for the size of the European cannabis market by 2028, the value of Canopy Growth up 76% in just nine months.”
I would not be surprised if RP surprises everyone about “Brent Natural Resources Ltd”

As always please check and do your own research.

RKB

Scenario Two

Many Posters on this B.B. may have formed an opinion that JD Sports will increase their stake to 29.9% in Footasylum and that they (private investors) will be able to sell their shares for substantially more than the current price.

Looking at the current situation from “the family” (who control 63%) do you really think they will sell out?

I believe that when the share price crashed last year it was an over-reaction and that since then the BoD would have look at many scenarios to “increase the share price”

The BoD could have made an offer to take the company private and offered to buy-out the existing shareholders at say £1 and this would have cost about £38.6 million (ignoring the Options above) But the BoD may not have a spare £38.6 million.

But what if the BoD decide on a different course of action?

The BoD may decide to enter into a strategic partnership with JD Sports and “agree” to sell or exchange their shares for shares in J D Sports at say £1.50. This would cost about £98.7 million just for their current 63% and a little more for the options and the shares not already owned which is another £31 million. (Shares not owned 16,355,560 options 1,829,267 & 2,531,645 * £1.50)

Whatever happens over the coming months, I am confident that the share price will be a multiple of its current price.

Like the Horse Hill shareholders if you hold you will be rewarded.

RKB

Before Scenario Two

We all believe the total shares are 104,474,390 which is technically correct and this 104.47 million shares is how we calculate any possible takeover and JD Sports potential 29.9%, but is this correct?

When Footasylum first listed in November 2017 very soon afterwards there were 1,829,267 Options granted to three well connected people, which if exercised would only cost £1,829 (basically insignificant exercise price)

These 1,829,267 Options have not been exercised as yet but can be up to 2/11/20. So the options should be added to the 104.47 million shares to calculate the potential number of shares “in issue”.

There is also a Long Term Incentive Plan for one key person for 2,531,645 and this LTSP may also have to be added to the 104.47 million shares (note if exercised would only cost £2,532 (basically insignificant exercise price)

There is also a staff Save as You Earn Scheme which is for 858,018 shares but as the exercise price is £1.31 at the moment I am excluding these potential shares from any calculations. The Company has 190 staff within the SAYE Scheme who will be saving money into the SAYE at present and will be not at all pleased with the current share price. The 190 staff equates approximately to about three per shop.

So we now have 4 key individuals and 190 other members of staff who will be “upset” at the current share price and if I was one of them I would be voicing my concerns with the BoD.

RKB

Scenario One

There have been many Posts since Monday regarding JD Sports after their communication via the RNS which was issued at 8:20am which informed us that they had acquired initially a stake of 8.3% and alluding to a possibility of acquiring “up to an aggregate interest of 29.9%" in Footasylum and “confirms that it is not intending to make an offer for Footasylum”. JD Sports did put a few caveats in their communication and left the door open for making an offer for Footasylum if circumstances changed within the FCA’s rules.

You may want to refresh your mind as to what theses caveats are under Rule 2.8 of the City Code on Takeovers and Mergers (which are detailed in the RNS)

For an example of a company acquiring shares in another company you may want to look at UKOG and Horse Hill Developments Ltd.

UKOG had 20% of Horse Hill in 2014 and there were other major shareholders (that were connected as far as I am concerned and I would say all the shareholders were one big happy family)

Shares in Horse Hill first began to be bought at £142K for 1% (Alba bought 5% from Angus Energy in September 2015)

Yesterday UKOG acquired 6% in Horse Hill from Doriemus Plc for £2.1 million or £350K for 1% of Horse Hill.

Over the past 4 years 1% of Horse Hill has went from £142K to £350K. This is what happens when a company targets another and collects shares. Now we know JD Sports are targeting Footasylum, but we also know there are a few family members who are holding their shares tightly and are most likely not going to sell at current prices.

So to conclude this Post the only way JD Sports can acquire additional shares is from you. The ones who sold out in Horse Hill at the beginning “lost out” by £208K per 1% they could have received 146.48% more if they had realised what they actually owned.

RKB

PS a determined acquirer of shares will pay a premium to accumulate the shares that they require. JD Sports is worth about £4.6 billion.

TRI Investor

Our new investor Stephen Labrum currently has 3.3% or 92.5 million.

If he had one share less than 3% or 83,898,580 he would not have had to TR1.

By purchasing an additional 8,601,420 he now has to TR1 if he goes over or under a threshold.

I did my due diligence over a year ago and updated it recently (with extensive in-depth analysis and Posted it here) and I still believe that we will be rewarded.

RKB

Looking forward to the WeShop update.