Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Maybe that a legal loophole has been found, and we have other options!!
Having reread the statement many times, I find it interesting that the JAs didn't respond with details of the CVA until EHGO filed the NoD. Are EHGO playing hard ball? Perhaps they are as they've tried everything else to get the JAs to cooperate. Maybe it's tactical? If they show they're ready to walk away then maybe they can put the JAs on the back foot? So far, the JAs have treated EHGO and us shareholders with utter contempt!!
With regards to the LSEs fees, surely the JA negotiated an extension, or we would have been delsited by now. Really odd behaviour for not keeping EHGO in the loop.
I think we have to prepare ourselves for the worst, but maybe there's a slight glimmer of hope that we will be back. Otherwise the AGM is kind of pointless.
Good luck to us all! We need it!!
questions need to be asked and answers given
did the JA have a conflict of interest?
Had they had any dealings with the previous BOD?
Has the company been de-listed or are they just threatening?
Could another party pay the fees so as to keep it live?
How much were the fees that were outstanding to he LSE?
The JA will not be working without someone underwriting their fees. The company has no cash so who is paying?
This has looked dodgy from the start and looks like they have been obstructive giving everyone the run around buying time until its too late.
A sharp insolvency lawer needs to review whats gone on here and hold individuals to account. there have been too many cases like this recently. look what nearly happened to Hurricane Energy until the share holders fought back
Rg55
Hard to know for sure until we hear it officially from the administrators. I wonder what has happened about the LSE's fees. If they haven't been paid then why hasn't ICON been delisted yet? It was supposed to be paid by 27th Sept. And why didn't the administrators keep EHGO updated about that? If true, it seems they've failed massively to do what they could to save the company.
Is that it then? Apologies but I've never been in this situation before. No chance of even selling the shares off at a loss?
Strange that EHGO issued a NoD in September and yet we got a notice for the AGM on 7th Oct for funding proposals.
Oh well, if it's over then not much we can do. A very painful lesson for all involved here. Unlikely the creditors will get any money so at least that's something!!
I think It's over.
This below statement says it all:
EHGO considers it regrettable that its proposal to rescue Iconic Labs Plc was not accepted.
EHGO commends the exemplary work done by Iconic Labs Plc’s CEO, Brad Taylor. He accepted this role in an extremely challenging moment for the company and demonstrated a firm commitment and dedication to finding solutions with the creditors and the JAs. He also put forward a strategic vision that we are confident would have created value for the company and its shareholders if he had the opportunity to pursue it. Unfortunately, for many of the reasons set forth above, it was simply impossible for him to overcome issues that long pre-dated his arrival at the Company.
Just a shame we had to hear about it from EHGO and have been kept in the dark for so long. A harsh life lesson learnt, thousands lost on this side. I struggle to see any positives for this share now.
EHGO considers it regrettable that its proposal to rescue Iconic Labs Plc was not accepted for what ever reason. Sounds like it is all over and very underhanded. I wonder?
So there is not much point in having the GM if it reads like it's all over!! ATB.
i wonder if the previous BOD of directors had Directors and officers insurance . if so it might be worth getting a solicitor to look at this on a no win no fee basis to see if there is a chance of a claim against them
this looks to me as though the JA and the previous BOD have stitched this up and despite the best efforts of EHGO to resolve matters they have been able by default to get the result that they wanted .the previous BOD will be hoping that this is the end for the company and that there will be nobody left that will investigate their previous wrongdoings. looks like they will get away with it.
That is absolutely awful news for a Friday.
That is my understanding too, although I don't really know what it means. I just get it is not good news from the context....
That doesn't look good for Icon to come out of Administration.
Someone who can give insights on what this means,
https://www.businesswire.com/news/home/20211015005426/en/EHGO-Statement-on-Iconic-Labs
Any news please
Balls! Red X.
Strange, I must have never looked at 4am before.
Wirecard remains with a red X right the way through though. Never mind.
False alarm, sorry guys.
So checked my ig account this morning and iconic labs has changed from that dreaded big red ‘X’ I’ve seen for the last so many months, to the little blue pen as it does with any other stock.
First time I’ve seen it like this since 7th June.