Member Info for Timmit

The expert gets sworn in before the court today, but his report should be completed in 3 to 4 months (according to the video interview link below...)

We're in a bit of a holding pattern at the moment until the BoD changes take effect. There's nothing really changing day-to-day so any daily "cheerleading" on no new announcements would be counterproductive...

Truspine update

https://investors.truspine.org/investors/announcements/archive/2020/211020

I would expect any remaining due diligence to be completed imminently. It depends on when the BoD started it as it doesn’t normally take long and there are a number of specialist companies that can carry it out.

As I understand from the RNS, D Strang’s resignation would be announced at the same time as the appointment of the new directors.

Divann, can you guarantee that GGP will double from these levels within a year?
That is what PRIM effectively achieved between Oct 2018 and Oct 2019 with a small investment in Zuuse. Got all their cash back and still had shares and options worth more than the original stake...
It seems that Zuuse is on the cusp of something very significant which will be revealed to the market shortly. AC has also drawn attention to a “deep grey market” for Zuuse shares and options so there can be demand for them even before they float...

linandy1 - in the August business update that paragraph referred to the interim results ending 30/06/2020. Today's RNS refers to the final accounts ending 31/12/2019 that should have been filed yesterday.

>>oilgasgold
Thanks, I did try checking the Aquis site earlier to see if that might be it but it seemed to be down at the time...

>>barnyards
I make the share volumes Dana quoted correctly both for GGP (yesterday only) and PRIM (last two days) at least as per LSE reported trades. What are we missing? You've obviously spotted something....

>>barnyards
Why not correct it with figures then? Better to play the ball rather than the man...:-)

Plus, where's the "dump" - more buys than sells apparently...

Sorry that should have read:
"If CLEAR LEISURE 2017 LIMITED increased the number of its shares (for transparency) to the same as CLP Plc" and was divided up among the same CLP shareholders to give them a dividend producing share that might work too.

>>Harris07 - I think the idea was that the valuable assets inc court recoveries were being put into CLEAR LEISURE 2017 LIMITED as a company which could be floated separately (I've been trying to find the reference to this in an RNS but not found yet...) whilst the losses in CLEAR LEISURE PLC could then be of interest to an investor wanting to make use of them.

If CLEAR LEISURE 2017 LIMITED increased its shareholding to the same as CLP Plc and was divided up among the same CLP shareholders to give them a dividend producing share that might work too.

>>Cryptominer - I know it's not much moneywise but, as a matter of principle, after the partners apparently using investment monies "inappropriately", I would hope that we received these as part of the settlement purchase of 1 euro for the 50% share.

>>LtdAxis - :-)

>>Easychair - absolutely agree with that. The Bitcoin venture felt a bit like a bandwagon being joined at the time - it led to a big spike in the share price up to about 1.8p in Dec 2017 but it soon fell back. The March 2018 update included details of the Mining machines being bought. They were:

Giant X10
Antminer S9
Antminer L3+

These are no longer fit for purpose as others have alluded to (at least not for Bitcoin - they were supposed to be reprogrammable for other Cryptocurrencies). All the models are showing they would make a negative return on Bitcoin if I'm reading that right.
https://www.asicminervalue.com/miners/baikal/bk-x
https://www.asicminervalue.com/miners/bitmain/antminer-s9-14th
https://www.asicminervalue.com/miners/bitmain/antminer-l3-504mh

Like several shareholders, I'm not expecting any returns from this.

Genuine invitation to all posters:

What would YOU do to create value in CLP in the short to medium term?

How can WE articulate that to the BoD in the most effective way?

Linandy1, I don't speak for this board or the BoD. I've just responded to posters who asked me questions (albeit it was probably rhetorical) - I believe that is currently allowed on BBs even under Covid-19 restrictions. I speak for myself only and I explained why I think there may be value here. If you want to speak to FG and ask him those questions why don’t YOU ring him? After all, his number is on every RNS and, with respect, I'm not your gopher…

Oneknows – you ask “am I happy how we are being treated?”. I haven’t taken the BoD’s actions personally as if they are trying to rip me off. I hope they are acting in the interests of the company – settlements and deals is what will pay FG’s bonus, part of FG’s salary is paid in shares, the BoD warrants only kick in a much high level so I trust they want the share price higher as much as I do. If they win, we all win.

There doesn't have to be a falling out. if there were only hardened optimists in a share nobody would sell any shares, if there were only hardened pessimists there wouldn't be any buyers. The whole market is based on both buyer and seller thinking they've each done the right thing and only time will prove either of them "right". I really appreciate posters’ respectful, balanced views on these boards – they are like gold dust…

As I've posted a couple of times before, my experience with this BoD precedes CLP and involved them realising shareholder value in another company against the odds (despite the best efforts of the Russian Mafia to thwart them) so I am putting some trust in a track record - I may, of course, prove to be wrong. CLP could easily go either way, only time will tell. If I felt the BoD wasn’t going to deliver then I would sell up. I’ve met the directors at AGM/EGMs and have seen how they answered “difficult” questions from frustrated shareholders. Some of those holders moved on, some are still here.
But, moaning and hot air doesn’t create shareholder value or contribute to newcomers to the board understanding the company warts and all. The reason I don’t usually post negatively on the stock isn’t that there are no faults with it or the BoD, there are. I simply don’t want to be part of the “Isn’t it awful” brigade where the next person adds their negativity to the last person’s and the view only becomes increasingly negative. Occasionally, when the dominant board mood has gone into Ramp Warp Overdrive Factor 10 I’ve posted cautionary comments for balance (correcting double-counted monies for instance) so that any newcomers see the company accurately, not as a slam dunk buy or a slam dunk sell.

Let's make this constructive. I’ll start another thread where posters can suggest what they would do to create value in CLP. It will be interesting to see what contributions are made to that…

I have no problem with your rants, linandy1. My point, and it wasn't directed at you but it still stands, is that if YOU are unhappy with an investment YOU do something about it. Either cut losses and invest in something you believe in having learned the lessons from this one or try to somehow increase the value of your holding in this stock (perhaps trying to engage positively with the BoD or other shareholders to effect change).

As far as I know, neither is achieved through moaning which is a kind of "reverse ramping" - talking down rather than talking up the company when nothing has changed...If there is fresh news that's disappointing call it out. If there is a new announcement that's positive highlight it. Critical comment appreciated and necessary. But when there's no news the vacuum seems to get filled with ramping/moaning drivel, no new insights (that would involve research and not everyone does that...) and it just becomes a slanging match - BORING! If I want one of those there's always Twitter!

I think there is only room for one caller-out-in-chief on LSE looking on several boards. I'm sorry I missed the announcement...

LtdAxis tells us he is trading the share and is not a long term holder and he gets called out whether he buys or sells. I have met, like and trust the management so that's why I continue to hold - if you want to call me out for being loyal so be it but I wear loyalty as a badge of honour.

You seem to think that the best chance for your shares to increase in value is to moan incessantly about the BoD - if you're not happy with them what are YOU doing about it? I presume you are a shareholder and not just here and all the other boards due to Covid-19 boredom.

Here's a Plan of Action for you Oneknows...the only 3 possibilities that seem to make sense...

1) Why don't you try and get some of your mates together and launch a boardroom shakeup (like possibly happening at PRIM at the moment). £400k between you could lead to you trumping Eufingest's holding...

2) If you don't think there is any value here and you are going to be spun a line for years to come then sell up and move on. A brilliant investor like yourself will surely be able to make up any losses over the next few years and CLP will be a distant memory in a rearview mirror.

3) If you're not sure and want to hedge your bets then you could trade them occasionally to lower your overall costs. Some years ago my average cost was about 0.9p per share but when it got over 1p on not much news I sold a chunk and bought back when it had dropped. My average now is about 0.5p. I'm sure Ltdaxis could remind you of his strategy for doing this as he is likely one of the few here who has made money on CLP in the last few months (respect!).

I have been longer than most (more than 12 years) so my views have mellowed beyond the loud, obnoxious and shouty...I still have a significant chunk here and I think these will eventually come good. If that happens it will be ample reward for my patience...If it goes belly up I will take ownership of my decisions and will not blame ANYONE else for it...

I do understand, I really do. I’m a veteran here having done several tours of duty with the scars to match!

Yes, there have been some stinkers. Really do think we were robbed on Mediapolis - after all the debt reduction at huge discounts we deserved better (and in most other countries we would have been better rewarded). If we get anything like the Sipiem monies due then it will all have been worthwhile from my perspective. And if the Piedmont claim comes good I don’t suppose we’ll ever mention the “duffers“ again...

After this long I am allowed to dream!

>> Linandy1 - "cash in the bank was £3000! going to get some cracking investments with that"

For some reason, Proactive Investors is recycling old news, using the last quoted accounts (Interim accounts for the 6 months ending 30/06/2019). CLP did have £3k then but have a lot more in the bank now. They have repaid Eufingest €550,000 plus interest of €11,157 out of the €1,480,932 received last month from the Mediapolis court settlement.