Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good Evening Denny.
Would need all the major shareholders to vote against them.
The annoying bit is that have vast experience between them but they have done basically nothing in six years except made an investment which they have decided to write off half its value.
The money will 4un out in the next six months if I calculate it right.
The accounts will be published by the end of September.
The nxt tec business is fundamentally very strong and I am expecting an ipo sooner than later.
This should value our investment at about a million pounds.
I think the only thing we can realistically do is wait.
Look at the nxt tec website, they’re are many multi million dollar projects on the go.
I think things will happen here soon, it’s just the waiting is the frustrating bit.
ATB
Steve
Thanks again for a great post Steve. What do you think our chances are of replacing the current hopeless board made up of Charles Zorab, Ian Gibb, John Grundy?
In my opinion nothing.
The only transactions in the year will be the CS01 fee and Auditors Remuneration.
We are not listed have one investment and a few thousand in the bank.
Seems a complete waste of money.
Seems we won’t get the accounts until the end of September.
That is just over five years since we were delisted because we failed to make an acquisition.
It is just not good enough.
I think an investors meeting should be called to at least know what if any plans the board have for this almost shell company with about £4 million pounds in available tax losses.
What are the thoughts of the large investors here that hold hundreds of millions of shares that probably cost them millions of pounds to acquire.
They give us virtually no information whatsoever about anything.
The only information available is on the nxt website.
Many shareholders have been stuck here for 10 years or more.
The least they can expect is a bit of effort on the boards part to either get something going with the company or call it a day.
Looking at the nxt valuation it would seem that our 1.2% stake is worth a lot more than the board say it is worth so our board decided to virtually write it off in last years accounts.
I am not giving any figures, but just to say it wasn’t too difficult to find out some interesting information. The board, however, are not coming up with anything that may bring some value into the company. It is just not what is expected from an experienced board.
We may have some news with the accounts but I’m not banking on it.