Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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wouldn't worry about the debt! be more worried not to miss a golden opportunity. Major rerate tomorrow - this does not constitute advice and is totally my own opinion but is based on previous announcements .....management seems to have effected an incredible turnaround strategy.
just seen balance sheet and it does say £16.7M debt,
has anything dramatically changed in the last few months?
Bid is crashing back down to reality
according to the Stockopedia website
IDE
enterprise Value £20.77m
Mcap £3M
Maybe IDE will shrink to success
Entirely expected, given the results RNS. And the connectivity market is just so cutthroat.
£250k for a a £13m revenue business feels harsh, but then it was loss making and a drag on the business. It's a pity that it's not a substantive amount of money they can use to go on acquisition spree or anything.
Still this will take IDE to a £11m revenue business, hardly going to help the share price.
Unfortunately mine is an average of 6.01 :(
Back down to 75 on the bid, hope no1 is getting spiked here buying in today, disastrous share
The debt holders own the equity too, so not quite so straightforward as it may seem.
the problem with this company it has Debt.
go do some research on it.
I think it's £17m debt, worth looking again.
Saw this bit recently posted on twitter..
Share-based payment (continued)
There were 10,036,456 warrants exercisable at 31 December 2020 (2019: 10,036,456).
The exercise price for warrants outstanding at the end of the year ranges from £0.025 - £0.325 (2019: ranged from £0.025 - £0.30).
There are 10,036,456 warrants with an exercise price of £0.30 to £0.325 which had a vesting date of 31 December 2018 and expiry
date of 31 December 2022 and a further 10,003,645 warrants have an exercise price of £0.025, a vesting date of 1 August 2021
and an expiry date of 31 December 2022.
Any news for the move up. In at an average of 3.2p
That was also when they had three members of the board, things change fast...
Results RNS ‘.. Current trading and outlook
Trading in the current financial year remains buoyant in our key Manage business with current financial performance significantly ahead of our 2020 results and reflecting the excellent business relationships that we have developed with third-party system integrators. We have also consolidated that business within our existing premises in Dartford in April 2021 from which we can deliver first-class business logistics and support to our field and site engineering, projects and lifecycle, network monitoring and service desk support functions. Our Connect business continues to demonstrate the benefits of the rationalisation programme we commenced in previous years and we can now expect that business at trading EBITDA level to show modest growth in what is a very congested business sector.’
Check the charts, last time this was round here rose x4-5 baggers..
From L2 it may well be the case...
shed the large seller and go forward?
It has gone down x10 fold in share price though. What is their left to do but go bust?
There is no way this is going bust, it it backed by big investors.
Is IDE going bust? Entering cash shell territory here at this price point. Clearly management useless and not doing anything, maybe applying for cash shell status best way to see some S/H return here.
Whatever happens, with the remaining loan notes in play, it is difficult to see much if anything by way of profit for Pi's. Written off long ago, but not 'worth selling.' You never know for sure - I feel particularly with MXCP.
I bought in initially at 37p! Then when it kept going down I kept buying more, stupidly, as I thought MXC were more in control than clearly they were at the time.
My last batch was 2.5p which was the fundraiser open to shareholders and I thought well the only way is up!
Cant be far off checking daily to see if the lights are still on. What a clusterf*** this has been. I actually remember when they changed tack to become a cloud company the shares were i think 10p and this change was going to revolutionise the company. Well it certainly did that !!
Whatever happens, it will be led by Smith with a foot in both camps, and MXCP where his personal holdings lie along with his founder partner.
Not good, we are not talking here just "marketing director, or inventory etc director" this is Chief Financial Officer, CFO! Just hope this company survives and makes good business calls... otherwise...