Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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everhopeful, I've heard this claim about Ashti and ERCE numerous times but without anyone who has ever stated it providing evidence for it. I've searched and can't any involvement of Ashti in ERCE. Do you have any?
https://www.erce.energy/
Everhopeful, many thanks for both those links. I was wrong about Bermudian law on stake disclosure requirements. It is the BSX listing rules that require substantial stake disclosures, and since our shares don't trade on the Bermuda Stock Exchange, those rules are irrelevant; it is maybe the FCA's Disclosure and Transparency rules that are relevant to us, although there may be a third source of rules on the same topic, those from the accounting profession e.g. on what has to go into the annual report. I still think it is unlikely there could be a secret substantial shareholder - conspiracy nonsense - as it undermines the integrity of the market, notwithstanding the fact that Mr Kozel allegedly disposed of his stake without notifying shareholders (all done while he was a director perhaps?).
might as well stick this one up too
https://www.dirt.com/more-dirt/politicians/barzani-family-house-beverly-hills-1203302025/
My memory was right $250 mill
https://ekurd.net/ashti-hawrami-wife-sentenced-2016-11-09
Everhopeful, That made me laugh. Many thanks. No wonder some GKP directors want to be paid for things they are not entitled to take credit for, e.g. oil price rises. Our most dishonest, corrupt and conflicted politicians have a great deal to learn from Mrs Cashti, then.
'Cashti' was a nick name some Wag gave Ashti Hawrami the head of Natural resources . He was the Director of ERCE would did the initial evaluation of GKP for them to list on the AIM market way back in the late 90's I think it was. Ashti's wife or ex wife was discovered in Turkey with a lot of $$ $250 mill cash I think , she fled to Germany .
http://mnr.krg.org/index.php/en/photos/12-dr-ashti-hawrami
The link to the table below (UK Pracitallaw Thomson Reuters web site) suggests all stakes that have crossed the 5% mark have to be disclosed under Bermudian Company Law, although I can't find the actual section in the Bermudian Companies Act of 2006 myself.
https://uk.practicallaw.thomsonreuters.com/1-518-5074?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1
As far as up to 35% of our shares being owned by a secret shareholder, I have my doubts : such behaviour runs a coach and horses through the need of most regulated markets, like the one our shares are traded on in the UK, to avoid a false market. FCA DTR 5.8 seems to deal with disclosure and transparency requirements for securities traded on UK regulated markets (Bermudian Law irrelevant? ).
The notion that there is someone called Cashti who controls our company does not sit well either with FCA DTR 5.8 or Bermudian substantial stake disclosure requirements. Kashti is Urdu for boat.
BTW, the failure of our BoD to align themselves (other than Mr. Weatherdon's and M. Papineau Legris's stakes on the downside along with the failure over 9 years to agree a new profit sharing agreement, since the announcement in 2010 on the default of ETAMIC, is very poor indeed. Words like "any new arrangement is likely to be value-neutral at worst" simply don't cut any ice compared with our BoD investing with their own hard earned cash at market prices in our shares and putting their mouths where their money is. For that reason, two directors ought to go, notwithstanding the valuable oversight the non-execs provide for us: Thomas to oversee Caterall, Angle to oversee Weatherall, Wood to oversee CEO's adherence to obligations imposed on us by PSC. If the Chairman and CEO can't be bothered to align themselves on the downside, what does that say about their leadership - it's like putting a pacifist in charge of WWII. I can't understand why the BoD is dragging its feet over cancelling the shares held in Treasury.