Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Sajy is doing his utmost to ramp this stock as he bought in sub 50 but currently sitting on a loss, can read you a mile off.
Massive fantasist, nothing is going to be revealed soon as it’s all in your head. There’s a reason the price has plummeted and it doesn’t involve your made up fantasy
A buy-in at 50p? Equally optimistic!
Where on twitter? Send me a copy please…
Sajy I can’t believe you keep digging yourself a hole. You continue to act like you have a direct dial to the senior management and they are communicating inside information, you really need to grow up.
Did you even bother to read my post? It's not a fund raise, I am talking about the pharma partner investing in Dest as part of the licensing deal. Read my post below for more info.
A fund raise at 50p? Incredibly optimistic!
If they do that - happy days.
Let’s see.
I don't think it will be done at current price, don't forget discussions have been ongoing for a while now and share price was much higher. I think it could be around 40p, but would like it at 50p. At 50p that would be another 20 million shares issued to pharma and we would then be funded for several years.
Anyway all will be revealed soon.
The problem is that their appalling communication ( and i mean by that the very poor quality RNS’s that they have issued this year ) have totally undermined credibility and, therefore, the share price.
So let’s say you are right and this pharma takes a £10m equity stake. With a market cap of £18m that’s a dilutionary disaster for shareholders.
I really fear these guys are showing the sort of arrogance we have witnessed at Angle for anyone who has followed that disaster.
I don’t agree, I still have faith in the management. The problem is big pharma are playing hardball over the upfront payments. CT probably wants $15 to 20 million upfront and I reckon they are only being offered bout $5 million. CT knows xf73 will be massive and is not prepared to accept such a low offer and that is why it is taking so long. I think a compromise will be reached where we get about $5 million upfront and the pharma also invests $10 million in Dest, giving Dest $15 million. These are just my thoughts.
Sadly not.
I must admit i have called this wrong. I thought Rudd was still a serious person and would have a serious team. Seems i made a mistake.
The hopeless RNS’s earlier this year were a clear sign these guys were well out of their depth.
I have shared it with a few on twitter, if your on there get in touch.
Sajy - perhaps you could offer us a few headlines?
Re 75% required to delist, according to website major shareholders including directors have less than 40% so it would appear a major barrier.
Sajy
With respect, if you cannot stand the heat in the kitchen, then don't enter the kitchen.
GL
I have had a reply back from the company but won’t be posting it here as too many have a go idiots on here. If any of the genuine holders want a copy then let me know and ideally need to have an account on twitter as that would be easiest way for me to forward email.
Personally I wouldn't agree but may not stop them from trying.
When companies take a step like that they have the backing of most shareholders and if not accepted BOD can make things very dificult going forward.
Anyway, let's see what is going on.
Marc and why would 75% of shareholders agree to de-listing?
TIA
Hi again.
Yes the questions start at around 1 hr 56 mins and there were 3 from analysts in the room and 1 online question was referenced by the CMO. 2hr 5mins is when the Investor Meets member says that there are quite a few questions that have come in today from investors and we can show you those and we can publish your response later.
Incidentally the mini spat between the CMO and the CSO wasn't a very good look and it did not appear to best please Mr Tovey.
https://www.youtube.com/watch?v=c7CQ6qPXvBI
I am invested in both Destiny and Ondine.
There is regular and positive communication from Ondine, although a commercial breakthrough has yet to be achieved. A similar approach to the provision of information by Destiny would be helpful.
Hi Noix again. I wasn’t invested at the time of the last presentation and watched it “retrospectively”. From memory, I think there were about four questions asked. If there were others that were not later addressed, then that is poor.
Ok, well that's not very good. Surely they can't pull the same stunt a 2nd time, but we'll see. Popcorn out on the 25th...
I stand to be corrected but they ran out of time for the Q and A the last time and we were told they would be released on Investor Meets.
Despite a request to Investor Meets, which was ignored, I'm not aware that they have ever been published.
I, for one, will be watching with great interest the Investor Meet Company presentation on the 25th, especially the Q&A. I guess it won't be a comfortable one. Will be looking out for commentary on cash reserves, burn rate, funding and the AIM market.