Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks MontiBurns.
I should have added that it might go some way to explaining why the company appear unconcerned, if not dismissive, about OMF as can be seem in other parts of the testimony.
Thanks for the response Looed. Needless to say, I (like 99% of the peeps on this BB) consider you to be a ‘top-draw’ asset here, so thank you for your extraordinary efforts here.
Thats a nice, succinct summary MontiBurns.
You asked about Outrider. Not sure on the state of their fund today but one of the Texas exhibits (ZM Exhibit 45), which is a liquidation update report from FTI, states the following -
"F. Lack of funding
Outrider has provided an amount of USD 90,000 to date for the fees of the joint voluntary liquidators and JOLs of the Company. This funding has, or shortly will be, fully extinguished by the JOLs fees to date. Outrider has confirmed that it is not in a position to provide further funding in respect of the PSC and there is currently no other funding available to the JOLs."
The report is dated Feb 2021 and so after Outriders (last ditch?) attempt to persuade the GG to pass the license to OMF.
Wow , ZM trying to publicly portray his company as the real Frontera Resources in Georgia with a new shareholder that is Green Capital. He is also trying to subliminally project that ‘we are a US company’. The gall of the man; shameless I would say. Anyway, while we the shareholders are lagging by about three months on news/developments, the latest public revelations tell us that alot has happened after the Texas TRO was granted, namely FRR securing its assets/wells in Georgia with the support of Uncle Sam and GG. Also good to see that criminal proceeds may be initiated against ZM. Plus, ZM desperation is starting to peak, and this is perhaps best illustrated by his public attack on Natalia Turnava on FB.
Away from that, wonder how Stephen Hope and YA are feeling watching all this unfold in front of them; probably saying....‘what a Palaver’, no doubt. Anyone check how the Outrider fund was Performing recently?
Zaza a ‘top draw’ liar and this is now becoming more and more apparent. Certainly took us investors for a long ride too. For once, Directors will be held for their deceit and get convicted but atlas a slim chance in the slimy world of AIM.
Overall would be great if a SM was going for a buyout, but I think very unlikely.
Would go with that Frr will have funding of which needs to be at least in the realms of $100M & then start properly proving up a good % of what they have claimed to have discovered.
If above is along right lines Frr would have to very much speed up on previous work.
I think you missed ZM tarred and feathered and made to apologise to shareholders for all the bu..s..t
Whilst I like your suggestion WHamBoy, there's no commercial reason that I can think of that an investor is going to stump up the funding for a special dividend to shareholders (that would include Zaza btw!). The only ways we are possibly going to get any money back is by either a relisting somewhere or a buyout. I suspect, alas, that neither of those outcomes are likely in the short or medium term even if we do get back into Georgia with someone supplying investment. BWTFDIK.
Why not payment bySM share
I think things are really speeding up here. So how about this for a possible timeline:
1 - announcement from GG of the clerical error and that FRUS are the real holders of the licence
2. - announcement of the extension of the licence to over 20 years
3 - announcement of the tie up with American SM
4 - announcement of the special dividend for all share holders
5 - announcement of the intention to relist in US
Let me know if I’ve missed anything out......
kenco ill kick the xmas sp off
£2.40
ZM probably needs the same outcome as Delilah got! Lol.
It'll be alright on the night Kenco. You'll soon be running the Christmas SP predictions again lol
WHamBoy, is that My My My Dalia?
I believe it is sheer desperation and the need to avoid letting the courts decide. Or he has access to your stash.
thanks i thought so but to be honest im really starting to lose whats reality and what isnt . Mind you, that might be the recreational drugs im taking, im never quite sure.
How on earth has he the face to do this ? what can possibly be his game ? or is he part of a bigger scam with them all part of it
ZM will be writing a begging letter to the Dalia Lama next....
It's from ZM.
Going on wording would say slime ball ZM.
is this the real company or zaza
Fingers & Toes crossed here for a reasonable outcome, not just for me, but for a mate (an AIM veteran) who invested here after I talked about to him about the potential with FRR.
Obviously I wish I never had that conversation with him, I still feel guilty…
Company Frontera addresses Irakli Gharibashvili with a letter
05 August, 2021 / 15:02
The company "Frontera" addresses a letter to the Prime Minister of Georgia.
The letter invariably offers:
"Mr. Prime Minister, I am writing to reiterate that after 24 years of operation of our company, the investment and business environment in Georgia has never been worse than what we have witnessed this year.
The country's state institutions and high-ranking officials do not recognize the rule of law and use the court as a weapon. Despite the dire state of the country's economy, the Ministry of Economy, its subordinate oil and gas agency, and the Georgian Oil and Gas Corporation, against the backdrop of anti-American and anti-Western propaganda, are extremely hostile to American and Western investment and spare no effort. Violence, intimidation, threats and harassment of company employees by these state institutions have become a sad and dangerous daily routine.
The above-mentioned state organizations disregarded and, consequently, did not enforce the decision of the Stockholm International Arbitration initiated by them, as well as the decisions of the Grand Chamber of the Cayman Islands Court and the Tbilisi City Court. Crude oil owned by the company prepared for sale; And now they are making every effort to legalize this illegal and criminal act. The Minister of Economy, Ms. Turnava, in her public speech yesterday, in the face of the spread of false facts and the usual misinformation, made every effort to put even public pressure on the ongoing legal proceedings. Such actions have nothing to do with the rule of law, it is kleptocracy.
Mr. Prime Minister, as you are well aware, over the years we have invested hundreds of millions of dollars and employed thousands of people. I am proud that thanks to our investments, in the conditions of economic poverty in the country, many families have a decent, legal income and you probably remember that you were no exception. You know perfectly well how important investments are and what good they bring.
We appeal to you to take measures to immediately prevent this lawlessness, to stop the persecution and violence of our company. "Make sure that the state structures subordinated to you act in accordance with Georgian and international laws and agreements, so that the company and its employees have the opportunity to work and live in a dignified, calm, safe environment for the benefit of them and Georgia," the letter reads.
https://report.ge/economics/kompania-frontera-irakli-gharibashvils-tserilit-mimartavs/