Update Looks to me like the last update was pretty good. Upside remains pretty good from Under 1p to a possible 5p . Best of All
Re: Update 'The Board of Clear Leisure (AIM: CLP) wishes to advise shareholders that it has issued a notice to call a General Meeting (GM to be held at 22 Great James Street, London WC1N 3ES, at 120 p.m. on 17 May 2018'Maybe the update will come from this.
Update It is time for an update. There should be some news not just on trading, but on progress with bitcoin, and with the legal process, for which funds were raised, further diluting shareholders interests. Whilst we are kept in the dark the share movements have no relevance. There is a chance that there will be some good news from the groups current activities but we who own the company should be kept in the loop!
Re: News Expected Sorry, I meant Gold or Silver, and he will expect 10p or higher.
Re: News Expected Careful, you are beginning to sound like Gold and Silver...Great rise in SP though.
News Expected FYI news is expected on this share very soon.Target price is 4-8p
Further dilution It is disappointing to see further dilution which reflects legal costs in debt recovery. It would be helpful to learn what is happening on the legal front as patient long term holders are completely in the dark and cannot be convinced that the company is not throwing good money after bad. Come on CLP keep us in the loop!!
9% rise today on £9.755 mil trades with last trade at Time price no of shares £16:38:42 0.9 249,223 2,243Maybe news leaking?
4.3 Mil debt On the face of it, the purchase of a 4.3 million (presumable GBP) debt for £250K and the issue of a further 6.06% shares in Clear seems a great deal. Indeed it may well be.(It is surely not beyond the wit of man to insert GBP or EUR within the RNS rather than meekly accept the omnipotent ? mark. )However, does this debt have a first charge benefit or does it rank with the other debtors who will presumable get trashed? - But to what extent?Maybe the 250K paid (and the 6% share issue) will be covered in the latter case if the other non first charge debtors get a 12% (or a 6%) pay out on their debt. Hmnm!We have no idea yet how much we will receive for the wind- up or whether it is possible for Clear to end up with Mediapolis itself, which it looks as if Francesco might be attempting. And what of the court case against the authorities re the planning consent refusal?We are in need of some substantial news on that account.
Looking up! It is good to see that things are looking up at last for this basket case. The latest buy back of debt will improve the balance sheet no end and the entry into the Bitcoin market is interesting with modest capital cost. If the company has even the smallest success with its various claims of fraud concerning previous business purchases these share have the prospect of increasing in value quite considerably. I look forward to the next set of annual,accounts which I am hopeful will demonstrate a much stronger balance sheet and much improved prospects. There can be little downside at the present time and the shares are in my view a strong hold/buy.
Eufingest This company seems increasingly under the spell of Eufingest and seems to have been selected as a vehicle to promote other schemes that have little connection with Clear Leisures core business. I am concerned that recent information indicates that CL has been taken to the cleaners by most of the businesses with which it has become involved. I remain hopeful that with the backing of Eufingest something will be salvaged from what appears to be fraud on an industrial scale but my faith in the legal process both domestically and internationally gives me little confidence that those guilty of fraud will be held to account. I can only hope that Eufingest know what they are doing and that something will be salvaged from this company that has been ravaged by dishonest businessmen who are motivated by greed and self interest.
Re: 10p Target BUY BUY BUY Target remains with anticipated news in 2018 .Could be q good time ahead in 2018.Best of Luck A
Web site back and business update Good to see the site is up again with a company business update.Fingers crossed for 2018.[link]
A detailed update is needed. DonÂ’t ignore the shareholders! As a longstanding shareholder I really have no idea where we are and where this company is going. Italy is a basket case and unless and until there is some clarification of the companies true position the shares will continue to wallow at current levels or even lower. The Directors have a responsibility to keep shareholders and the market fully informed and those running the country need to back companies in the entertainment industry if the economy is ever to prosper again. Come on all of you get your act together!
The curtain falls.... It looks as if the remaining 25.24% balance to our 74.76% holding in Mediapolis is about to fall into the hands of Clear, courtesy of the first charge Francisco so shrewdly orchestrated earlier this year. Still, there is always the chance of an appeal if there is anything new to offer the Court since the last papers were presented, though I cannot fathom whether that's in our interest now or not. Maybe best left alone. The Courts E3.86 valuation falls well within the E5m cap, though I am unclear if this cap is reduced proportionately down with the the new land valuation. Maybe, maybe not. Then there is the E4m interest owed to Clear by Mediapolis. I don't think this is going to happen.It's probably a second charge shared between other creditors and rapacious solicitors, same as the holiday properties, paid out in cents per euro, if at all.Then there's the Olivetti Multiservices debt of E4.29 million ( I assume it's Euro (?) recently acquired directly by Clear Leisure - the first we have heard about this. Did it not warrant an RNS? Is the debt protected by a first charge? I make it well over E13m that Mediapolis are indebted to Clear but hey! No worries. We got a 5m cap.Then there's the E55m (as of 12 Sept) legal claims not included in the balance sheet still outstanding,each mil worth 41p per share we're told. Well that is good news, Obviously not reflected in the sp today.Now what happens with Mediapolis' ( or is it now Clear's ) court case against Piedmont ?So much to mull over. Will we pursue the claim for planning consent to build? Will we perhaps grow tomatoes instead?