Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I just can’t understand why they’ve got such disregard for shareholders. They ones funding the salary and even if they do need to raise funds in the future and they going need a higher share price to raise more money to keep the salaries for going for longer . Maybe things will improve? Maybe we can get some news in the next few weeks the upside has to be incredible given we are trading at half years revenue but I can understand why is so low at the moment due to shareholder sentiment being Rockbottom and total disregard to shareholders in the form of communication. So understandably the share price is obliterated but let’s see if we can’t have some improvements in Q1 2022 and going forward. The market as we’ve talked about is going to be there for the next 10, 20 years given Covid variants, given environmentally friendly policy is coming in from governments etc etc. GL and maybe one day we will be more positive !
stew200 - Answer is No. I have have committed my thoughts to send a couple of times (writing it down helps me see the picture better in any case) but have not sent anything as it is clear Steve and the BoD do not wish to engage with shareholders - hence the lack of a contact email or phone number on the website. I flatly refuse to commit my viewpoint to an anonymous sales portal - it's disgraceful and I told the companies advisors as much along with some other thoughts about Comms that they said they would pass on.
Nothing happened so I assume they didn't value my viewpoint.
I explained to their advisors that they would benefit by putting a link on the website to allow shareholder comments and appoint or designate an IR lead - I won't ask again unless it's whilst eyeballing the CEO. We all have valid viewpoints and help pay their wages.
I believe the SP will or at least should improve dramatically this year or I would sell at the next opportunity, but that will be in spite of poor IR.
They either don't care or don't realise how bad they are - I hope it's the latter and it down to bad advice.
Same state. Over-invested and underwater big time. Been full of hope of recovery since the bottom fell out on Nov 27th 20. and made further investments thinking bottom had been reached - foolish.
But mindfull of CE drawings (sal + bonus) of over £500k eaxh in 2020 and sal of c. £250k each in 2019 both seem to be doing nicely regardless of Company success.
However each own 2.6m shares. Value in mid 2019 was £6.5m - value now around £0.5m!!!
Poor Nico Goulty, on the BofD has 7m shares!
So there must be pressure to improve share price value, but another couple of years and the CE's will have feathered their nest regardless, so either way they win.
JTD have you ever had any correspondence with Steve or board ?
I agree it’s literally incredible how Steve and co are not communicating more to shareholder who have supported and funded the company and his salary for so long !!! Disgusting if you ask me .
It's so frustrating that our CEO's appear to miscalculated their market and have lost the support of nearly all PI's, this BB has little to talk about except the potential(there's only so much to say) and past disappointments.
Our BoD really did screw up, like many others I'm well under water here and have far more shares than I initially intended - with the BoD undermining every effort I made to gain some measure of stability. At times it felt like they were content to let the SP slide.
We're where we have been for a long time now - awaiting the time when the BoD delivers on their promises, and the weak SP is IMO clearly down to impatience with long over due news and the fact that if news is delayed shareholders fear the worst.
I'm also disappointed that the CEO's have so far been barely visible for months, has presented to shareholders an excuse for keeping then in the dark up to the recent capital raise but promised communications would improve going forward. Give him his due Steve is much better than the US based guy - he could have been on holiday or even in prison for the last 3 years and I'm not convinced we would have noticed any difference (if I had the power I would seriously consider sacking him).
My biggest concern at the moment is why the US is not leading the sales effort or at least demonstrating it's potential when it's the world biggest market by a massive margin.
I'm still here because I believe this is now a very good prospect as the market expect little and has priced it appropriately so any good news such see a significant improvement (they raised expectations that 2022 would deliver good news).