Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Cheers Looed.
You are keeping our dream alive.
Echo all the sentiments Looed, thanks for translating all the Legal Eagle speak into language I and others can understand.
Thumbs up emoji.
Thanks Looed
You keep the light shining at the end of a loooooong dark tunnel.
Still have fingers crossed for all us long suffering SH’s
mmmn, so what has happened to money owed to outrider ?
Do we owe them nothing now ? do we still owe the original but not any interest ? need to know these things as I thing I might have a go at doing the same thing with my mortgage :-) i have that registered in a subsidiary that im going to liquidate
Looed
As always an excellent update for all of us.
Even though it is going at a slow pace. It is looking like Frr will get back to what they have said I.e. full operations & let's hope they have very positive news on any plans they have.
Thank you very much for your continued vigilance on our behalf. :-)
Looed….. many thanks for the updates
Thanks for the update Looed. We seem to be getting ever closer.
What follows is a best guess as information starts to trickle out of Georgia following a spate of recent / ongoing court cases.
The filings by FRC in Texas state that “Even though it is undisputed that ZM was removed from FRC’'s board of directors and from his corporate management authorities and responsibilities on August 28, 2020, and terminated for cause on January 15, 2021, ZM continues to purport to represent FRC and/or its subsidiaries in court proceedings and in communications”
It now appears that a court in Georgia agrees with the company and has stated that ZM is not authorized to make any decisions on behalf of FRGC / the company due to the following reasons:-
1- ZM was removed from his positions with the company, and,
2- FRGC Georgia is under the control of FRGC Cayman as a result of liquidation proceedings
The same court decision has also cancelled the bankruptcy proceedings against FRGC Georgia (The company is now listed as ‘active’ on the registry) citing various technical reasons related to events in Cayman and also due to the relationship between a foreign enterprise and a state body in Georgia.
From the Texas filings the company brushes off events in Cayman as the entity is effectively an empty shell.
These decisions can be appealed, and it is possible one of the two court cases scheduled for Dec 1st is such an appeal, so the situation could change (in theory).
It is possible these decisions, together with the US issued T.I. further undermine decisions made based on ZM passing himself off as FRR. An obvious example would be ZM representing the company in the Green Capital case.
This is hopefully part of a sequence of events that will finally unravel – and leave behind - the disastrous mess wrought by ZM and his cohorts. Don’t forget that criminal charges are in the works.
What we now need is more evidence of the constructive relationship being rebuilt between the company and the state so we can all move forward.