Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Have invested here as like these clean shells and with Paulo having some skin in the game makes it worthwhile for him to push this. Would make it very interesting if a new director was brought on board with proven history of RTO’s just look at what it done for Vela and having a well known buyer for Motif. These shells are high risk reward but at these levels you cannot go wrong and one snippet of positive news this does 50%. We just need some guidance of the sectors we are looking to do a deal as that will bring a positive sentiment if Healthcare/Covid is mentioned.
Yes Paulo is invested and he will also benefit from options which he has a chunk of (this is old news but most of the options are still live):
‘ The Company (AOGL.LON) advises that it has today issued a total of 377,429,232 options to directors representing approximately 10% of the issued share capital of the Company; this is further to the RNS of 30 April 2019 setting out the intention to issue such number of options to incentivise the Company's executive team. These options vest subject to a minimum closing mid-market share price hurdle for a consecutive period of 30 days of 0.28p per share, being twice the 0.14p exercise price, and then vest in three equal tranches over 3 years from 1 June 2019’
So, he really needs the share price to be at least double what it is today for at least 30days.
Most shells that get an RTO usually have a market cap of 3 million so I think 0.025 - 0.03 could be achieved. I bought in at 0.019
But we did of course see Motif Bio rocket around 600% in a single day
Nothing much to shout about in the update but that's not surprising. Doesn't Paulo have skin in the game?
Iceman where do you see this going price wise with a fair wind and deal?
Like I said Paulo is a good man. Having met at the AGM he is not one to give up. Hopefully, something good will come out of all the waiting. Anyone thinking of buying more here? I sold some at 0.016p...0.015p. But I still hold a lot.
This is going to happen.
3 month to go maximum.
Surely at the very least this will be a double your money event. Looking forward to it! GLA
as we were " the Company is now actively seeking a transaction with the ability to increase value for shareholders and the board is actively reviewing opportunities".
Paulo. G. Amoruso.
Executive Chairman.