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Continued:
Part 14 The third court hearing in respect of the €10.8m legal action by Clear Leisure against the former directors and internal audit committee of Sipiem, has now been held in the Venice Court.
Part 15 The judge has ruled that an independent expert should be appointed to assess the value of the damages claimed by Sipiem. Each party in the case has the right to appoint their own experts.
Part 16 The March 2021 hearing is expected to be extremely informative as the amount of claimed damages will be formally submitted by the independent expert in his report to the judge”.
Part 17 Despite a slight delay in the Court hearing, the Company remains confident of the outcome of the litigation, given the strong foundations of the claim.
Part 18 QBT or CLP 2017, will if you understand the whole background to the Court Case, win their claim. Do not forget the Court also appointed an expert (like a civil servant) so there are 4 experts submitting evidence of what we have been deprived of these past 6 years. RKB
Pasted below for those not on twitter:
#QBT Part 1 Venice High Court background to this hearing. Originally invested €6.5 million in Sipiem with the understanding of taking control of Ondaland the Water Park (TLA SpA) There was a common director on the Sipiem BoD & SpA who is one of the 12 up in front of the Judge.
Part 2 In April 2014 CLP owned 50.1% of Sipiem which was worth £5.93 million. Sipiem owned 66% of Ondaland.
Part 3 So for over 6 years we, through the Courts have been attempting to reclaim our illegally confiscated assets with the sterling efforts of FG.
Part 4 Well over 90% of the transaction, amounting to EUR 3.99 million in loans and 7.69 million shares of Clear Leisure, valued at £3.64 million at the transaction date, was funded through an intermediate company, SIPIEM S.p.A.; the exact ownership of which has been in dispute.
Part 5 Read the part about the ownership of Ondaland. This is from the 30th March 2016
Part 6 Clear Leisure finally won the rights to have its 50.17% ownership in SIPIEM “Certified,” thereby entitling the Company to have representation at shareholder meetings. Read the SIPIEM part.
Part 7 Ondaland Revenues in 2017 (only operates for 4 months in the Summer) were £2.5 million. See Ondaland in Business Update.
Part 8 FG has tried (from 2015 to 2019) to negotiate with the owner of Ondaland but to avoid transferring the Water Park to CLP they put Sipiem into liquidation thinking they would get away with theft. This is being rectified today.
Part 9 The Directors have legal insurance of €2 million a year. I understand that we have been deprived of our assets (the Water Park being one of them) for over 6 years.
Part 10 This RNS is the proof that Clear Leisure 2017 has a cast iron guarantee of ownership. The timing of this Turin Court decision was fortuitous IMO.
Part 11 This proves beyond doubt our legal ownership and that is why the Venice High Court are currently seeing Expert Reports from our representative & the 2 Insurance Companies.
Part 12 FG CEO and Executive Chairman of Clear Leisure, commented, “We are extremely pleased by the Turin Court ruling, as it shows that Clear Leisure 2017 Ltd’s €10.8m claim, currently being discussed in the Venice Court, is against defendants who have acted against the law.
Part 13 “While the Venice court case will go ahead as planned, Monday’s ruling, according to our lawyers, makes our position in the case even stronger
"#QBT FG will not settle out of court as some are speculating. Our legal fees are capped at €35K. The claim is for €11,038,000 (Legal Claim €10.8 million & €238K credit due from TLT SpA) 100% confident of a minimum claim of over €11 million. RKB"
"#QBT could not resist a top-up before the Venice High Court decision on the €10 million + settlement. RKB"
"Next Wednesday. Italy is one hour ahead of us. I am expecting a minimum of €10 million settlement just don’t know when the two insurance companies will hand over the cash. RKB"
"When you know exactly what happened over the years you will know why Eufingest supported us all these years. That’s why Eufingest have the charge over CLP 2017 Once the settlement is paid then almost debt free,would only be €1 m bond outstanding but still £4 in cash in Bank RKB"
Been reading up a lot recently into the link between quantum - blockchain - crypto - the experts and researchers at the top European universities - Professor Gardin - the algorithm - green mining and water cooling in Italy.
Happy to move a large amount of my ISA into CLP at this stage, I have sold out too early on a few companies before and seriously been kicking myself. It might take a few years for Quantum to reach it's potential, to be honest Quantum computing is almost infinite so it will never stop evolving and growing.
Given my research on the topic I am very happy to get in now while I can and build a significant holding until the company really starts to gain traction as a major player.
Links from Davethedumplin a week ago:
University of Padova has a new Quantum arm. That is where Prof Francesco Gardin went to university.
https://ti.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-102.139.023#
https://ch.linkedin.com/in/sandro-glättli-089052161
https://en.m.wikipedia.org/wiki/Swiss_National_Supercomputing_Centre
ETH Zurich supercomputer and block chain
https://ethz.ch/en/campus/access/switzerland/lugano.html
https://blockchain.ethz.ch/
Note Lugano above.
https://www.fus.edu/news-events/news/242-frankli https://www.fus.edu/news-events/news/804-the-franklin-frank-goes-crypto n-adopts-cleaner-energy
https://www.fus.edu/news-events/news/804-the-franklin-frank-goes-crypto
https://www.fus.edu/
https://etherscan.io/token/0x718c16ba9dbca5fe1078c8ea09aefccab76a94a1
Mining Centre in Italy. Lugano is located in what is known as Swiss Italy.
Apologies, not intending to be. When I say 'uneducated' I put that to friends recently caught up in the Twitter ramping who have seen 'bitcoin', 'to the moon', '£2 by the end of the week' chucked their money at it and got caught out massively.
The concept and technology of BTC mining is huge and you have the main investor in VLRM Lenigas on Twitter comparing it to Argo already so people will be jumping on it without doing any research. Obviously that is their problem but emotions and promise of big gains can take hold sometimes and not everyone can deal with that.
If you have done your research and truly believe in this company then fair play. The men behind it have a seriously dodgy track record, 2 million shares got dumped recently by the big investors on the last pump and I don't want anyone to get caught up in the ramping frenzy and be massively in the red.
VLRM are going to make more money by selling their one machine or just by buying 1 BTC.
"Captain Ramptasic" Lenigas comparing this to Argo already. Totally misleading and incorrect. Just an elaborate con I am afraid.
1600 terrahash is enough mining power to generate THREE bitcoins A YEAR!
Laughable, please do your research before buying in and getting caught up in the ramping!
Owners are hoping for another pump off the back of this news, just adding in mining and other buzzwords to get the uneducated buying in!
Please stop any comparison with Argo, they mine 6+ bitcoins a DAY.
VLRM want to mine 3 bitcoins a YEAR! Ha.
Ha, well the realms of Quantum Computing know no bounds so to have a little bit of knowledge at this stage is something!
Morning all, found out about CLP a few weeks ago from a friend. I always seem to be late to the party when it comes to shares so cannot believe my luck at the moment getting in now at the start of their blockchain/crypto strategy.
This price seems a good resistance level until further news comes so the risk/reward here is exceptional.
From my (limited) knowledge on the topic of quantum computing it is literally the future of everything.
Put my buy in my ISA last week, potential to be life changing from here!