Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I received my ZNWD shares from Halifax towards the end of last week.
Is Jarvis another British broker? Maybe "Jarndyce" would be more appropriate.
Jarvis was in on Tuesday
I'm with II. I accepted on the 22nd, got the cash on the 5th (yesterday). 14 days, exactly as it says on the tin.
Ravinderdeol
I accepted offer on last day. My Halifax account has the cash and the ZNWD shares
Mapper
I thought there was an organization called ShareSoc, that spoke out for small investors, for example those that are being ignored by their brokers when special distributions and buyouts are involved. Is there not enough fundraising potential in all of these BCN fiascos, to make it worthwhile for them to get involved?
Accepted offer in September, phoned HSBC yesterday to find out when I will receive payment.
Bascially no idea was the answer but you will get it!
Anyone with HSBC account been paid? I have received my ZNWD shares at least.
Wow
iWeb have finally paid out. I may treat myself to a small port or an egg nog
Any Halifax customer received their znwd shares? I sold on open market on 29th.
Possibly relevant to ZNWD price movement is the Solarworld creditors. I think the solarworld half was aquired end of June and that 50M new shares were issued to the creditors.....but there were lock ins.....they had to hold 75% for at least 3mths and 50% for at least 6mths. 6mths would have been end of Dec.
Not sure about ZNWD; feels like BCN holders have been short changed on the value of the resource....plus ca change !
Trading was halted twice at about 11am because of order imbalance -- see the RNS notices on ZNWD. Presumably because the price was advancing too rapidly. The BCN distribution is still being absorbed by the market. Another month and the price may reach the 2021 high.
ZNWD was trading at @23p when the revised offer was anounced; so despite recent placing, fall and now rise, not yet back to that level
ii cash received to my account last night. I think i accepted @20th Dec. My understanding is that they will keep rolling over the cut off points until BCN tell them otherwise.Not sure how much upside there is to holding out now , although it looked like 68p was possible on open market a few days ago.
Surely we must be due an RNS soon ? How much do GF have now? are they close to 90% ?
Iam also with ii cut off point last night is this the final offer can still sell on market ?
I accepted on 21st dec, and just been paid out by HL and Halifax....
Cheers MrC - amazing what a phone call to HL can do - cash now in my account :)
I have mine now after chasing HL but too late for the ZNWD rally sadly....
Still waiting on my funds from HL too - very frustrating as although I've benefitted from the ZNWD rise, it could've been much more
I had a few grand which I put into my existing ZNWD holdings at around 14p bu as I dont have any of my BCN money yet I am stymied....
ZNWD shares making more gains in a week than my BCN shares made in a year. Happy days.
Foz
I empathise with your frustration but if EVERYONE had been paid out in a timely manner then the SP of ZNWD would likely have risen earlier so no real gain, assuming this sudden rise is a movement of BCN money.
It’s an update on the previous securities act, we mentioned it months ago came into force yesterday. The govt can backward look at any deals deemed to be in national interests that are U.K.
As much as I’d like to see secker being rinsed live by mps I don’t think it’s going to happen!!
I am intrigued though, if something does get deemed to be against national interests how does the govt proceed?
I don't mind all the insults, but the insinuation that I'm so stupid as not to require full payment in advance? A dagger to my heart . . .
https://www.hl.co.uk/news/2022/1/4/uk-government-extends-powers-to-intervene-in-foreign-takeovers?utm_campaign=Newsroom&utm_source=AdobeCampaign&utm_medium=email&theSource=EONRM&e_cti=10327608&e_ct=T&Override=1&deliveryName=DM3047
The article is on takeovers by foreign companies, I'm unsure of the timeline but the following paragraph is of note:
Officials will be notified that a deal is worthy of examination when a buyer takes its stake above three trigger points: 25%, 50% and 75%. The government can block these transactions and even unwind them restrospectively if they were completed on or after 12 November 2020, the day the bill was introduced to parliament.
When do your fees from the BCN BoD hit your account BB ?