Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks. I wasn't completely sure on that. DX have issued a 2021 results presentation on their website and I wasn't aware the annual report needed to be completed before further interims could be made public.
Ports - technically they can't issue interims till the previous year has been closed off by the publication of the Annual Report. So no additional breach of the rules here.
Yes, the clocking is ticking.
I can understand to a degree why there is no corporate governance updates, but I find it difficult to understand why there are no interims. What could possibly be the reason for with holding them. It's a totally different issue. Its hard to understand a company with seasoned experienced PLC directors at the helm with a substantial institutional shareholder base acting as if they have no-one to answer to.
This article says nothing we don’t know already - which isn’t much!
If DX is delisted, it doesn’t change from plc to private, it becomes quasi-private perhaps, in the sense that its shares can no longer be traded on AIM (one knock-on effect of which is that they can’t remain in an ISA).
But all that matters at the moment is that the company, incredibly, is still without an auditor. It’ll be more difficult - though not impossible depending on the arguments the company/NOMAD can come up with - to get an AIM extension as long as this situation continues. I’m sure it will find an auditor eventually – it has to – but if “eventually” means September, say, it may be too late to save it from delisting.
The business is still doing ok, they say - so there is considerable value in our shares even if we can’t access it - though it’s difficult to imagine senior management enthusiastically turning up for work every day with this impending disaster hanging over them. If the worst does happen, and they don’t come up with a plan to enable shareholders to access that value - and also to compensate shareholders for any consequential losses - they’ll be praying that the next shareholders’ meeting will be another virtual one!
Here you are:
https://www.investorschronicle.co.uk/news/2022/05/16/uncertain-future-for-dx-shareholders/
I've actually coming to the conclusion that Dx are quite happy to delist and are now considering strategic alternatives after. They might be telling us they are hoping to appoint an auditor but without any realistic possibility.
There has been no mention of the corporate governance issue since February
No Interims or mention of any AIM sanction
No notification of the other 4/5 depots that are meant to be opening by July yet
No mention of any AIM extension application.
Almost as if they are keeping secrets. !
Hi, SA could you possibly post the link on here?
"A DX spokesperson said shareholders would hold shares in a private company if the company were removed from Aim."
Is it me or is this just a bad article.
DX doesn't become a private company if it delists. All it means is that is shares are not traded on the AIM. Unless I have lost my marbles shareholders have to vote to take it private.
Is that confirmation that DX want to take it private or is it a bad confusing article.