Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Is that it then, or could some agreement occur and thus this goes back in play?
All those talking about legal action will just be throwing good money after bad money. This is the price we pay for gambling in AIM.
We put our money on black and the number came red, best to move on.
Because they wanted the port, the licences and any assets for themselves, and considered the 20 million write off as cheap.
the only hope i have left is that the liquidators refuse to sell to hudson, but, it seems they've stitched the deal up already or they wouldn't have scuttled the ship yet
Been a terrible year, first GWMO and now this!
Can only learn from losing 50bags don’t be stupid or greedy bad year 😂
I think the level of corruption in guinea has got the better of us.
Is for traders, it can turn into a nightmare for investors as we have sadly experienced. We have been played but we have no idea what the game is.
How can a majority shareholder legally force a company into insolvency by blocking a placing at the detriment of all the other shareholders? Seems too corrupt even for AIM!
they let hudson pull the wool over their eyes... or did they?
they took the loan agreements, gave away over half the company, so when hudson refused to allow draw down of the loan agreements and then blocked a placing, i should have gotten out then, writing was on the wall.
question is, how can hudson block the legally binding loan agreement ?
Oh well one less crock of shit to log into every day.
Money down the drain literally.
Merry Christmas everyone.
It will be interesting to see how Hudson or their parent get their hands on the resource, this sure looks like a sidestep move aided by the 'loosness' of the Guinean government..I will bet money that in 12 months time or less the Chinese will have their hands on this resource, this is how they do business, there is no such thing as help me and i will see you okay in the Chinese business manual !
I am seeking legal advise, don’t know how successful will be, not willing to spend much as I lost substantially here, but I won’t rest until I get explanation and find out who’s involved in the fraud, if anyone can provide helpful facts and materials would be appreciated
...need money to carry out a proper investigation. Liquidators have a duty to investigate reasons for Insolvency and report on conduct of directors. They can then be banned from being a director for a period and in extreme circumstances prosecuted for wrongful or fraudulent trading etc. Never saw it happen in the 8 years I did the job.
I’ve never seen any links between the two but who knows with aim.
Are they mates with Hudson?
I wonder what the second largest holders make of this? They invested over a million pounds and now won’t see a penny.
Bigbear2 if you need help for investigation you can contact : Directeur de la rédaction : Joseph Siegle, Ph.D. Tél: +1 202 685 6808 Courriel: Sieglej@ndu.edu Yoda!
Used to work in insolvency....I can confirm....shafted. Won't see a bean chaps. Gutted.
"The question is where the BOD complicit in this sham...."
without a shadow of a doubt, otherwise they'd have been asking for regularity intervention for misconduct
We’re not getting anything out of this. This game has been played many times and we pick up the tab. I just hope people didn’t invest more than they could afford to lose.
Oilexco, xcite, afren.....
All examples of what happens when liquidation occurs -
We get sweet FA, someone picks up the assets for a song and the BOD move onto another well paid job without a care in the world.
No chance of Hudson changing mind they engineered this and have fekked over everyone....
The question is where the BOD complicit in this sham....
I am sorry for everyone loosing is good money in that bad fortune. But you should fight for it. I understand that it was an abuse to you. Where is Haddad and company... Yoda !
So in a nutshell .....
Hudson I believe have had assurances they will get the assets and are quite happy to write off their loan and investment.
What I find most irritating of all(other than the fact I have lost 25 grand) is the total lack of transparency by the bod....
At the very least some detail on why they could not even get a sh*te deal for the port, but instead we just got a could not agree so feck the lot of you....
Corrupt bunch of c**ts