Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Sil3nt ,Thanks for the update. Didn't know CEO took no wages. He is not going to work for free,if SP doesn't perform. Does he claim more expenses, free car,and other benefits and possibly employees family and pays them.
Remember he takes no wage as CEO. I presume shares are his wage and thus he has to perform to make money otherwise he will not gain anything. Although no good news yet. I predict the results will be negative but the future Outlook maybe positive. More changes have been brought in by the CEO than the the previous useless GDM manager who did nothing. The CEO is concentrating on the quality of the product and his twitter updated seem reasonable. There will be approx 7million monthly users across GDM. The real question lies if they can grow that in 2024 can they break even and make profit. It seems he is stripping back to basics and what is scalable and profitable and building the company back up again. That's my take but see what happens I guess.
…want to take a guess as to why Halley bought those shares, at the beginning of September, for .135p. Knowing there was no good news on the horizon and only disposal of assets, what exactly was the point?
SIL3NT - Let's hope these shares recover. I think BoD are not honest. Needs scrutinising.
No Royga I'm down 75%, and had to average down. I'm hoping for the company to be a success to recover my massive losses. I have no inside information. I have shared stuff from their website. Check gfinity plc.com for information that i shared. I have noticed having been invested for 4 years that the RNS doesn't always have the detail that their website has.
SIL3NT - Were you one of the friends who benefited from buying shares at cut prices and selling before going down with inside information.
Every company has this type of resolution, don't mean they sell at massive discount.
Special resolution
4. That, subject to the passing of Resolution 3:
4.1. in accordance with section 570 CA 2006, the directors be given the general power to
allot equity securities (as defined in section 560 CA 2006) for cash, pursuant to the
authority conferred by Resolution 3 for cash as if section 561(1) CA 2006 did not
apply to any such allotment. This power is limited to:
4.1.1. (subject to such exclusions or other arrangements as the board of directors
may deem necessary or expedient in relation to treasury shares, fractional
entitlements, record dates, legal or practical problems in, or under, the laws
of any territory or the requirements of any regulatory body or stock
ORG\28533\0012\32848684v2\ORG 4 28533\0012
exchange) the allotment of equity securities in connection with an offer by
way of a rights issue;
4.1.1.1. to the holders of ordinary shares in proportion (as nearly as may
be practicable) to their respective holdings; and
4.1.1.2. holders of other equity securities as required by the rights of those
securities or as the Directors otherwise consider necessary; and
4.1.2. the allotment (otherwise than pursuant to paragraph 4.1.1) of equity
securities up to an aggregate nominal amount of £50,986;
4.2. the directors may, for the purposes of 4.1, impose any limits or restrictions and make
any arrangements which they consider necessary or expedient in relation to treasury
shares, fractional entitlements, record dates, legal or practical problems in or under
the laws of any territory or any regulatory body or stock exchange;
4.3. the power granted by this resolution will expire on 31 December 2024 or, if earlier, at
the conclusion of the next annual general meeting of the Company (unless previously
renewed, varied or revoked by the Company prior to or on such date) except that the
Company may, before such expiry, make offers or agreements which would or might
require equity securities to be allotted after such expiry and the Directors may allot
equity securities pursuant to any such offer or agreement notwithstanding that the
power conferred by this resolution has expired; and
4.4. this resolution revokes and replaces all unexercised powers previously granted to the
directors to allot equity securities as if section 561(1) CA 2006 did not apply but
without prejudice to any allotment of equity securities already made, offered or agreed
to be made pursuant to such authorities.
AGM RNS from shareholder information website. Thoughts on this? Also released 24/11/23 in case anyone missed it
Ordinary resolutions
1. To re-appoint David Halley as a director, who is retiring having been appointed by the directors,
and who being eligible offers himself for re-election.
2. To re-appoint Gravita II LLP as independent auditors and to authorise the directors to fix their
remuneration.
3. That:
3.1. the Directors be generally and unconditionally authorised pursuant to section 551 of
the Companies Act 2006 (CA 2006) to issue and allot shares in the Company or grant
rights to subscribe for or to convert any security into shares of the Company (Rights)
up to an aggregate nominal amount of £101,971, provided that this authority will,
unless previously renewed, varied or revoked, expire on 31 December 2024 or, if
earlier, at the conclusion of the next annual general meeting of the Company except
that the Company may, before such expiry, make offers or agreements which would
or might require Rights to be allotted or granted after such expiry and the Directors
may allot or grant Rights in pursuance of such offer or agreement notwithstanding that
the authority conferred by this resolution has expired; and
3.2. this authority revokes and replaces all unexercised authorities previously granted to
the Directors to allot or grant Rights, but without prejudice to any allotment of shares
or grant of rights already made, offered or agreed to be made pursuant to such
authorities.
SIl3NT - Thanks for looking at good side and having faith in company. Let's hope it gets better and SP recover. Need different tactics/change of BoD for SP to recover.
Whats really frustrating is stockinformer could be the next compare the market for products..if they just had a vision of putting 1000's of products on to it. With a bit of advertising here and there it would slowly become a go to. The gfinity digital media websites I actually think aren't bad and visually decent/comparable to the likes of IGN. Just they need a strategy or uniqueness to draw users and keep them.
Sil3nt Me too. Just from what BoD have be doing for last couple of years
I'm not a director by any means just another PI who has invested here for a few years...sitting on big losses but hoping for a turn around...
Fair enough RoyGA
I am not going anywhere. I have stake in this company and it is the truth that is hurting as you might be one of the directors link to benefit from shareholders losses..
Your boring, same old record of yours, go somewhere else if you don't like this one!
Yes SIL3NT - and making sure BoD keeps filling their pockets. Nothing BoD does is for shareholders it is all for themselves
Any thoughts? I'm guessing this is all about breaking even and reducing overheads/costs.
Please also read AGM agenda 24/11/23 RNS.
Any thoughts on AGM agenda posted on their website?
This company is never going to recover its cash as directors are corrupt. They are filling their pockets and not interested in shareholders.
Have to say the websites look better! Just hope they can drive traffic to their sites from social media.
Venice?! 😂 Be nice!
They were yesterday morning. Now they’re all bailing. Venice to get some news one way or another and know where we stand.
Are you sure there buys !
Apparently nothing. Straight back down. Again. 😤
O whats going on some big buys coming in.