Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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So basically what has happened is that management have let the share price die, by not putting out any news and then increased their own holdings?
So hopefully they have been holding back good news and the price will jump a bit when news is finally released?
Pokerchips, appreciated. That explains why the share price did nothing. Apologies for the slight red herring as I get up to speed with this company.
Unhooked,
It is here
https://www.lse.co.uk/rns/LOOP/results-of-capital-raising-94gn9pozulthuur.html
Ian.B, I can't find the RNS stating that an Andrew Scott would take 19.9m placing shares giving him 27% of the company, but I'll take your word for it.
As part of the Placing, an entity connected with Andrew Scott, who is a substantial shareholder of the Company and therefore a related party as defined by the AIM Rules, has subscribed for a total of 19,900,752
So it looks like they have added another 6m shares !!!!!
19m is only 21% though and STF has gone up to 27% do you think they have added even more than the placing which would be brilliant news?
Unhooked - read the capital raise rns states andrew scott (which is SFT it seems) would take 19.9million placing shares and would then have 27% of the company.
Yep that is good news ! So most of the shares are paid for at a considerably higher price and in sticky hands
thats got to be great news :)
RNS released just now. Appears someone called SFT Capital Limited (of New Zealand!) has snapped up 27% of Loopup Group...