Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Whoops my bad.
Time to bring home the bacon.
Has the whole thread been removed. Right who's fault was that!
Haha!
High VWAP Low
0.01 0.0071 0.005
Canada had just over 7MM shares bought at a weighted average price of .4p today.
https://www.youtube.com/watch?v=w-YDV6vC2qo
LOL cheers Shouston. FWIW, I still giggle every time I read "DFIU" at the end of your posts.
When you are dead I might steal that.
Very good point Cdnoil - whats in Arthur & the BOD's current financial interest is what will determine the the share capital structure. I remember when he stated he did not want a rollback & in effect was implicitly suggesting a substantial rise in the share price 'solved' the issue.
@CDN are there not two different scenarios for Reverse Split / consolidation?
1) company on hard times falls down into the pennies, thus losing institutional investors and exacerbating their plight. They consolidate in order to artificially inflate their per-share price, at the expense of MCAP, hoping to bring institutions back to the table to help bootstrap out of their troubles. Market sees this as a desperate act and punishes them.
2) company rising rapidly but has a float too large to reasonably be expect to cross the $5.00 threshold where funds are allowed to buy them. So to give an even broader cross section of investors an opportunity, they consolidate. Market sees this as a savvy, and the sign of a small company putting its' difficult past (and history of dilution) behind it.
I see us as squarely in camp 2), whereas previously any authorization Art might have sought would have been when we were back in camp 1)?
Just hypothesizing here; your opinion valued and appreciated.
Of course, the other way to decrease the Canadian spread is to significantly increase the share price. At 2p+ in London the Canadian price would be 3.5-4.0, then only a 12.5% spread. Its a peculiarity of the Canadian market that is accepted at a certain level (my observation a circa 10% spread is OK, a spread often seen in London in small co shares), but what they gain over London is transparency/certainty on the order books making the various vile tricks undertaken in London harder to pull off.
I agree 100% Caw Caw. There would be so much more action compared to now which is almost like watching a sundial move. Let's get the purchase over quickly and raise the price as well as the RS which AM said he was going to do months ago when OPL 226 had completed drilling a few holes. Then we will see some real trading action.
I am not sure anybody is remembering that Art obtained approval a number of years ago at an AGM for the approval to do a share rollback of up to 10 to 1. If you look at the options/warrants/compensation issued to Art and other management - and the prices - such a rollback won't hurt them as much as the rest of us - they can substantially average down, especially Art.
I am not trying to jinx us, but Art used to say he didn't want to rollback, but now his potential to recover from a rollback is priced much differently than it used to be when his options were at prices much higher than the market price of the shares. Now Art holds hundreds of millions of options/warrants at prices lower than our current share price. So a 10 for 1 rollback looks much different now than it did before.
Great posts again.
Caw Caw, you are so funny, I think you should be writing comedy sketches.
I mean that as a compliment.
GLA
DFIU
Think i got the gist of that; penny shares equals poor liquidity.
Soooooo... IF there was, say, another ‘rinse & repeat’ for acquiring... eg. an extra 43%WI, then a 10:1 or 100:1 consolidation, would bring in lots more liquidity, whilst also resetting the undiluted figures. Suggest it to AM, it sounds feasible.
Man our market is such a mess.
For so many weeks, we would have maybe 10MM or 20MM buy offers at .005 and >100MM trying to sell at .01. That was weirdly efficient, because we would get volume down at .005 and nothing at all .01.
We would regularly see a few million buys take place at .005, then more would be offered, then more would be bought. All day every day, just a reliable trickle and a place where you could add or unload if needed.
Now that this company is frothing like me when I was 14 years old and went to the community pool with mirrored sunglasses on, we paradoxically have no volume to speak of.
83MM buys at .005, no one selling that low
83MM sells at .01, no one buying that high
Stupid.
Would-be North American investors are trapped in an "impasse" as you brits call it. (Being a colonist, and I know a standoff when I see one.)
If our exchange allowed an extra digit on the price, we might be doing volumes like you guys are! COPL is potentially missing out on many billions of shares traded in North America because the high float is not compatible with a 3-decimal exchange pricing mechanism.
If/when they are able to do a RS, The 400 odd million North Americans would be able to come to the table and contribute their interest and expertise in oil investing. And their money.
Hoping that this spring can bring a number of RNSes, not the least of which is a hefty reverse split. Advantages would be:
-real price discovery in NA markets, efficient market functioning
-institutions can purchase: Mutual funds, pension funds, hedge fund bros
-real trading here during London's evening and night. We can push the price up while you all sleep off your evening brandies
-likewise, trading in UK moves the price while we provincials are sleeping off our bathtub corn liquor in preparation for another day of working our dirt farms
Not too many arguments against it, and better to do it before it's needed (while the SP is on the rise) rather than later when the company is coasting on old successes and possibly will be seen as stale and wishing to stay relevant.
I think they should run the price up to a nickel on Atomic purchase plus production news, then do 100:1 and make it an even five bucks a share. Then get the Ontario Teachers' Pension Fund and the New York Not Bankrupted Shorting GME Hedge Fund to buy in.
But what do I know.
You guys all fantasize; I don't feel bad for doing it a bit myself. As you were.
I think you can say that’s a product of our increments... but yes , feel free to catch up
Valued at £48M Hmmmm!!!We have some work to do!! News due tomorrow?