Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I have considered the thoughts as to why the BOD haven't released any information on contracts as by not doing so is in breach of regulation rules and that in fact those contracts were not actually won and therefore nothing to report.
I too am very angry at this whole situation as I'm also still locked out from HL in trading these, but whether the option for me to sell even when I can is out of the window really with my entry price and therefore I think I'm just stick in this business for the foreseeable.
Simms45 I couldn't agree more with your statement, for me this is a lesson learnt and money that I'm going to assume that I have lost. It's comical really how invested board members are in this company, therefore they should have a vested interest in seeing an ascending SP as this will financially benefit them. However, the complete lack of communication with investors and contract updates from the company is an utter shambles. In my personal opinion not releasing contract wins while on AIM was surely breaching some sort of regulatory rules. If they continue on with this farce the next news looks to be final results in the start 2021. If these results do contain contract wins that were included in the share prospectus when listing in HK then this is absolutely ludicrous and something needs to be done to rectify this.
'This was an orchestrated SP lift on AIM for the purpose of complying with HKex minimum SP entry! all at the expense of pi's, we have been mugged ! I only hope the company contracts come to fruition and the market sees this as a good buy in price!
I should have learned by now not to trust any company, lesson learned....again.'
An earlier post of mine which at the moment seems the only explanation ! i guess we will find out why at some stage. The company was never worth anymore than it was on aim....unless the listed projects come to fruition.
I would like to share your enthusiasm TP but the BOD would be obliged to release price sensitive information as it falls. If the Inner Mongolian contract was signed this should be released to the market or otherwise contractors by now would know about the deal and potentially carry out insider dealing and so forth. This is why all news must be released timely or it opens this sort of market abuse. The same can be asked why the share price fell 70% with no news. If you have this information from any particular direction would be great to clarify that. The actions of the BOD has infuriated a lot of investors unnecessarily and might be inclined to lick their wounds and sell. The BOD should have been keeping shareholders confident and up to date but their toxic actions to hide and not communicate will have also burnt any hope that they can build a strong Chinese and HK following. Similar thing happened in the UK sadly and they never learnt their lesson. There is hope there is going to be a miraculous change in their behaviour but they have had months now to spend a few hours fixing many problems with their websites but they have not. I would add that quite a lot of UK investors have been able to trade for many months in CNE including myself but some brokers are simply not managing the process professionally. We can hope CNE will listen to shareholders but we will see if they do up the ante once the last shareholders get their ability to sell again.
Appreciate the reassurance TM hope things work out in the end for everyone. Such a disappointing BOD thus far. I am working on a recovery plan with other shares based on a worst case scenario with this investment.
When is HK AGM for cnel. My share certs have not arrived yet. I was told by the 1st of November I should have them. Every day we hear nothing is a day closer to hearing something. Obviously they are accumulating a monster RNS by holding everything back. I am sure hk investors from ipo were also told this. Hang in there ppl. Pay day is approaching. Remember £600k from directors share option is also gone into profits kitty.