Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Or maybe Telit need a strong mgt who has balls to look these Chinese in the eyes and say stop F****** abt!!!
Or possibly cheque is made of rubber and bounced when Telit tried to cash it?
The cheque is possibly date 20/02/2020...... to allow great Chinese company sufficient time to honour it!!!!
According to the RNS on the 1st Feb ...confirmation should have been issued by today at the latest... ".......Telit has agreed to grant a short extension, and considering the Chinese New Year holiday, completion is now expected to occur on or before 20 February 2019. Sean Shen, President of TUS international, commented: "We are pleased to have obtained shareholder approval and remain committed to the completion of this transaction. We expect to finalise the outstanding items and reach completion of the transaction shortly." Paolo Dal Pino, Executive Chairman of Telit, commented: "We look forward to announcing the completion of the transaction within the next three weeks."
I would imagine that we'll get and RNS shortly saying something like...... Apparently they have lost the cheque down the back of the sofa.
I feel ya... its window shoppers without any dollar to spend..... such a waste of time!!!!
Fortune cookie says..........beware of Chinese companies bearing cash but have empty pockets.....
The absolute silence from BOD confirms we have been dodged by so called Chinese buyers again!!!
been waiting here for months now... one would have hoped the company knows what they are doing... $hamble$!!!
Well today is the day. I wonder if our Chinese friends stumped up the cash for the automotive division? Or were they just tyre kickers?
Only 1 day left for our little Chinese friends to stump up the cash. On or before the 20th of Feb for completion, that was the final deadline given by Telit. Well talk about taking it to the wire....I wonder if they have the cash?
2 days left for our Chinese tyre kicking friends to get the cash out of their little wallets. I wonder if they are just playing for more time cause they don't have the cash. There should have been penalties put in the contract for backing out. Let's see what happens but no news so far.
Todays Fortune Cookie says.........every silver lining has a cloud.......
Apparently Chinese new year has been extended until the end of November 2019...lol
Today's fortune cookie says...No cash no matter, seller will give it away cheaper tomorrow..
Fortune cookie says..........beware of Chinese companies bearing cash but have empty pockets.....
Still no news on the sale. Was it just the Asian buyers messing around pretending to have the money, not looking very good at the moment?
Will the Asian buyers find the cash by the 20th Feb deadline, or are they just a bunch off tyre kicking time-wasters???
Have added more today. Lets see what this week brings
Punters very impatient for the deal to get through.
Big sells today?
Just read the RNS. Sale delayed due to Chinese New Year, should complete by 20th February.
Shorttracker Dec 16...6.77 percent Jan 30...4.13 tide has turned?
A long due recovery imo.... lets see what tomorrow brings..gla
Some huge sells in the mid 130's early afternoon, followed by some fairly large buys in the mid 140's later in the afternoon, very puzzling trading pattern.
Hi Jay, I thought that I was the only one left here. I got out about a year ago and been watching this drama play out, still a few little bumps in the road but got back in a couple of weeks ago. GLA, PS..has someone twigged what's going on this afternoon, sudden rise to144p, perhaps confirmed Automotive sale maybe?