Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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At least Cascade are still around and might lend some cash. Hopefully they are relying on what they have seen and not throwing good money after bad.
nope and I'm not too keen on investing in start ups in that region after this ... seem to be the shady sort !
Perhaps not a good time to ask but are there any posters here familiar with Siyata Mobile Inc? They are an Israeli developer and provider of vehicle mounted communications platform over mobile networks. The Company's products include Truckfone, Voyager and Bagfone. They made the TSX-V top 50 list but the sp is down quite a bit since July - perhaps an opportunity. I've checked in on this discussion board periodically since last summer, even posting a couple of times, so I'll understand if I'm told to ****-off, but you chaps are very knowledgeable about the industry. In appreciation may I suggest a look at Eco Oil & Gas, ticker ECO on AIM - there is plenty of steam left in this one
Crooked? :) GT and Gabriel Sasson stand to lose most from a lowball bid because Cascade must get paid first. (obviously normal SH too...but since when did they/we/etc matter?) As an admission of poor performance, I think GT should pay for any shortfall out of his holding to leave as much as possible for SH distribution... but....well.... I don't see that happening! For someone with a decent vested interest, GT has been doing surprisingly badly. I've upped my idea to $25M+ My maths and magin were a bit off :p
going to be a long time suspended ...6 months is the max I think ...dirty bid before September all seems a little crooked
We are better if being suspended at least thst way no more damage can be done to the sp. Glad i only held a small amount here. Sorry if you lost lot more. Gl pk
I'd love to know where the cascade funds even went
They had to suspend on that rns info, would have seen a complete sell off. Sadly looks like sevs days maybe numbered unless they get authority to reduce nominal value from share holders, that will then allow death spiral funding and confetti issue of shares. Sad to see but Gideons has been misleading punters for years. I fell for it in 2014 before i realised it was all complete bullshit. Take a look at his proactive interviews around 2013-14 none of the discussed deals he talked about ever came through.
STILL want to know precisely why Cascade invested. Can't believe that it was a scam. Will see what is released prior to suspension being lifted. GLA holding here, Cheers
I'd rather see the IP sold to Mobileye or Intel for $20M. Way less than I was hoping for, but enough for everyone to walk away with a profit and the sweat wiped off their brow. We might be on a path to finding out what SEV's compression tech REALLY means to Mobileye....
Looks like at least a month in suspension then. If we need a company resolution to reorganise the shares.
As announced on 13 February 2018, the Company was required to raise further finance in the near term or face having to convert some of the existing debt into equity. Unfortunately, the positive conversations regarding a loan and equity investment that were ongoing at that time have not yet concluded. The Company was not able to convert some of the existing debt into equity as the conversion price is below the nominal value of the Company's shares and therefore a shareholder meeting would be required to approve a capital reorganisation and also due to the Company's financial position, it would not be in the best interests of the creditor. Whilst those and other conversations are continuing as the Board takes advice on the options available to the Company, there is currently no immediate prospect of any new capital. Since the Company is currently in default on at least one of its loans and any refinancing will take some time and will require the agreement of the Company's lenders, the Company has requested an immediate suspension to the trading on AIM of its shares pending clarification of its financial position
Cascade taken in and along with all PIs that have lost money. What exactly was going on when cascade paid 11p a share as everything must have looked incredible to pay such a premium. Someone has been telling porkies. Another nail in the coffin for AIM....it’s getting ridiculous.......and out of control. Lies and deceit everywhere.......
I don't think you can make a comment like that literally minutes after mentioning Cascade ;)
Doesn't sound good- but it is textbook wording, which I am seeking solace in. Extra Cascade shares don't really bother me, as they're sticky.
Could be an issue. We can't issue any new shares below the Nominal Value of the shares which is 1p and who would want to pay a premium?
Could be the downfall. Any new issue would mean a further issue to them. Double dilution.
I hope you're right, RNS sounded a bit sinister to me :-(
Must be re funding so hopefully great news.
Did the same but decided as its still IMO going down further to sell. Whats left of original, about 20%, I might use to buy back in when it gets lower. This product should be flying maybe it just needs time and better management. Going to keep a close eye on it.
I brought at 5p, went to 6p, expected 11p. Now its 80ish % down. `To much of a loss to sell, so will hold and hope this doesn't get to any lower....
What are the key power people up to these days. Gary higham has delivered very little in the UK. They had a few decent orders in the bus and coach market late 2016 early 2017 but nothing since that. The sales guy they had from a competitor then left and we have seen nothing on a bus and coach front. What made him leave I wonder. There are a number of people in Israel one called Brett who I understand left the company and rejoined exactly what he does in sales is beyond me. They have varioys other people employed in sales roles from israel as well. The UK has Seven staff who I presume must be sat playing cards all day.
You must work for the company that bought the 5 recorders last year lol
ps im not invested here myself as i work for a company that buys there 4 channel and 8 channel recorders and im not really sure about if it would be legal for me to trade here as i see the orders my company place
i dont think it had any thing to do with people ramping, my thoughts is it had more to do with the placing of shares at about 11p a share when the stock at the time was at about 2p all in the rns logs dyor