Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I bet you it's unbelievebly boring
Saturday marks 4 months since court said no to soa1. Not an inconsiderable amount of time and we still have nothing in regards to a workable alternative. Thankfully Gary done a video in which we were told how great amigo mk2 will be.. The AGM next week will either be enlightening or unbelievably boring.
Let’s enjoy YouTube till sp reach 999%
Vinson knows that once the SoA2 is sorted it will be.....
.................... https://youtu.be/ULeDlxa3gyc ....................
GLA
All I am going to say is that I'm pleased that Vinson posted a link to Pink Floyd's 'Shine On You Crazy Diamond' rather than Jacques Brel's 'My Death' :P
I've still got the faith Expru.
Cheers bud ;-)
itsa - Blue - HH - Stevie
Evening fellas - you lot still have balls of steel!!!! I'm still watching and waiting but it's not good to see another 2 lenders glug down the plughole!!! I can't call this and can't afford to risk money on uncertainty. I really hope this works out though!!!
Best Wishes : )
My guesstimate calculations based on what we were told in the results on how much of the gross loan book is being repaid (with no one left on covid holidays) tell me that they will have enough cash to repay the bonds, bond early settlement fees and put the initial float in to All Scheme for claims by Xmas.
Once the bonds are paid the holdings PLC is "safe", everything else is tied to a Ltd company.
That doesn't tell me how much we will potentially be fined by the FCA / potential restrictions put in place, whatever the FOS fees and other costs end up being.
Cashflow wise i believe Amigo can work from the old loan book and claimants can potentially receive alot of cash.
And if the FCA make it to difficult then given time the PLC will be able to restart under a new subsidiary which yea will no doubt have its own issue but still potentially be the easier route if ALL is unfairly clobbered.
In the end it will come down to things outside of shareholders or the companies control. We just have to wait and see how it plays out.
I agree with you HH on the "good working relationship with the Fca" line that the board have been spouting for almost a year, it's that good they had to delay the year end results at the last minute after their letter that could impact the forward looking projections. Etc.. I don't think there is a relationship with the Fca on anything. Sounds like they post letters to each other once a month and ask how are they getting on..
https://www.youtube.com/watch?v=7hx4gdlfamo
The only card that matters, is the last one......
https://www.slaughterandmay.com/recent-work/international-personal-finance-plc-on-the-update-of-its-debt-issuance-programme/
Personal Finance Investments Limited, IPF International Limited and IPF Digital Group Limited are Guarantors. As part of the update, the Programme has been approved by the UK’s Financial Conduct Authority (as previously) and also the Central Bank of Ireland, in order to allow Notes issued under the Programme to be listed on either the Main Market of the London Stock Exchange, in the case of retail and wholesale offerings in the UK, or on the Regulated Market of Euronext Dublin, in the case of wholesale offerings in the EEA. HSBC is the Arranger for the Programme.
The Programme is one of the first dual-listed corporate debt issuance programmes for which the base prospectus is approved by both an EU regulator and the Financial Conduct Authority under the relevant EU and UK regulatory regimes respectively in the post-Brexit period.
George Banco ??
I didn't realise that Asda owned a bank to go with their clothing label !!!
;-)
GLA
https://www.georgebanco.com
They are closing the business down.
If you don't mind me asking what's happened with George banco? As I cannot see any news online. Many thanks.
I hope you are right, but Gary did mess up the first SOA, and they are running out of money, and with George Banco and Trust Two being forced out of business by the UK regulations, it is not a pretty picture.
I don’t know why everyone is getting so inpatient. Would you rather it’s done correctly or go bust
Just be a little patient with them. There not on the board to raise the sp so you can sell and go thank god I’ve got my money back. There here so in a few years time there still going strong and that’s what investing is. Investing in the future not short term
Relax and just chill
Man, this is getting old now. Give us some news, good or bad, then some may be able to salvage a few scraps from this mess. No thought for shareholders at all.
No Bluski.... it's not a farce.......
it's a multi-million pound company that's been shafted by CMC's and the FCA..... with a BoD trying hard to save it !!
now take a look at the supermarket shelves over the next week or so as they get emptier and emptier due to a lack of CO2 for your salads , meats & fizzy water !!!!
a lack of CO2 for christ's sake... one of the most abundant gases on the planet !!!.....
now that's a farce.... ;-)
GLA
Gary is a useless ****
it is the recommendation from the customer committee that will undoubtedly shape the new proposed soa2. The board have to get it right this time or it is over for amigo.it is worth giving them as much time as they need to make it as bulletproof as they can.i couldn't give sh#t what the board are being paid anymore.just want the sp to rise so I can get out with my money and nerves intact,it is turning in to a bit of a farce now.
50 50 we'll survive, 100% chance of us trying something which should shift this sp north. Just need to wait for that Rns
It wouldn't surprise me if we were been stitched up by Gary.. I.ll let it play out but my optimism is not high
Pickles I agree Gary’s is milking this for all it’s worth 50 50 no one knows
.... and Gary will be worth every penny he gets when SoA2 is passed and Amigo.v2 is up and running successfully and profitably.....
Just saying.... ;-)
Stevie there was simply barely any shares in weak hands at 7p.. and the rise was probably traders buying last few shares for quick profit.. who knows
Fact of the matter is Gary said couple weeks and its literally only few days past a couple of weeks.. just need patience while they sort it out. You can see the situation doesnt have a simple resolution. If it was as easy as just pay everyone their full money then anyone could do Garys job. Its about finding the balance between what we can offer and what will be deemed acceptable by the court.