Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I'm not suggesting anyone should take control on my behalf. I was just giving you an answer to your original question. You either agree with it or not.
"If notes are made now, whilst everything is fresh in the memory, it gives something to refer back to when the time comes next year, when the memory is not so fresh."
Assuming the same shareholders hold an investment in HUR at the next AGM. Who are you suggesting should take control of your holding to represent you on your behalf at the next AGM? Individually holding a few thousand or few million shares won't give you a voice that will be noticed no matter how many attend. You will need to hold a shareholding of 99,800,001 before your voice holds power.
"What's the point of discussing who should go/how many PI's should attend/strategy for the next one now? "
If notes are made now, whilst everything is fresh in the memory, it gives something to refer back to when the time comes next year, when the memory is not so fresh.
The next AGM is around 360 days away. What's the point of discussing who should go/how many PI's should attend/strategy for the next one now? Surely there are more important things to think about at this juncture in time. End of the day, the thoughts and feelings of a mixed bag of hundreds, if not thousands of individual PI's that hold a total of 21% of the company between them won't even be considered by the BoD or indeed the larger institutional investors and hedge funds other than paying lip service unless a group of the larger PI's who hold 5% or more between them get together, decide on a representative and create a power of attorney to speak on their behalf as a single voice, but of course that is never going to happen. Which brings it back to another pointless discussion.
Absolutely fair pragmatic point Alibi. Surely common sense answer is hundreds aren't needed, just maybe 40-50. And am sure enough live within travel distance in south-east to make such number without too much difficulty. I agree and don't think it fair to expect far away peeps to expend huge sums and time when job can be done by those in south east. I don't have a Londoncentric attitude. My raising the issue was simply because if not raised nothing is learnt. My point being was that simply a few is not enough and unfair. How to sort the issue isn't difficult should it be needed again
Many of us don’t have the time or money to travel to London for an AGM. For me it would have taken up 2 days and hundreds of pounds in outlays. Well done to those who went, and thank you, but to expect hundreds of folk to travel to an AGM is a bit optimistic and dare I say it, a rather Londoncentric viewpoint.
Senseman and others who attended
I for one appreciated your efforts but would a significant turnout of PIs at the AGM just passed make any difference to the eventual outcome here? The future of Hurricane is now in the hands of people who aren't small holders like many on the boards
I don't know what to make of it all. I have been in and out of HUR since 2014. I just hope the board and others can push forward and create value
Well said Senseman. Your feelings are taken on board. I for one will make the effort to join you next time - if there is one.
Were my emotions at low PI attendance at AGM. 25-30 attendees(tops), 6 of whom spoke.
The BoD were seated onstage looking worried, anticipating a difficult meeting. Their collective body language eased upon seeing the small PI number who entered. They were wrong. Hard blows were landed. Only because a handful of us quickly introduced ourselves to each other in the ante-room, and agreed to persevere and back each other up.
But the huge stress on 3-4 questioners continually pressing was grossly unfair. There is a limited timespan 3-4 questioners can legitimately pin down an elusive Chair & BoD, and how quickly 3-4 people can process and react to practiced elusive answers. Had we pressed or tried any harder, we would have entered punch-up territory.
It’s easy to post on forums & send email. Greater effort & courage needed to fix bayonets & get bloody when rare chance arises to hold a miscreant BoD to account. The first live AGM for 3 years, & first post-court hearing, was such chance. PIs KNEW it MATTERED. Whereas an unbiased Judge notes email content, PIs know that emails to HUR are ignored. Hence AGM attendance & questioning was crucial.
Those attending outperformed out of sheer necessity. This forum + ADVFN, & PIs collectively, failed. Only 50% of the required message to the BoD was delivered. Since minutes were neither taken nor published, fortunately NED Juan Morera will have reported back to CA, and certain attendees will have reported to CA by email. And NEDs have been awoken.
There are wordsmiths on both forums. Hence, certainly competent public speakers. Whilst attendance by some was impossible, this number was vastly outweighed by those who couldn’t be bothered & considered it OK to leave to others. If strong PI representation remains needed next year I won’t be attending unless pre-AGM more forumites commit to attending, and a dozen agree to meet briefly beforehand to agree a meeting strategy, and share out of questions. Life is too short. And I don't believe in letting a few fight the war of many, armed with sticks rather than bazookas. I shall copy this post to ADVFN