Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
My take:
Gotta be a bit of movement here next year.
Literally LSAI is no more.
We are now Sorted, which looks like an in demand product of returns and logistics, and one that I've used multiple times without even realising it. An aspect of online shopping that is defo a requirement of any online retailer and a customer journey.
They are recruiting still so obviously still growing.
Guessing they expanded to fast and the reason they need cash flow.
From writing off my initial LSAI investment (i genuinely thought a combat to consumer data fraud was a money maker) I'm actually pretty comfortable with the potential!
I'm a complete novice and invested a very small amount into this and Eqtec. £1000 in each. Of course I had visions of making loads of money. My Eqtec investment is now worth £28 haha. Will location save my bacon so I can take another punt on Eqtec?
Just got to remember everyone that is involved in this have big money in themselves. I would be shocked if the due diligence wasn’t thorough prior to announcement of the deal back in June considering the concert party have millions invested.
Don’t matter what you post SP won’t go down
Beginning to wonder is this a pattern with sorted
Looks like nothing till new year for LSAI ......Sorted have a month left to post their results.
As the actress said to the bishop!
Certainly making that stretch.
£30m assets in play here minus obviously what ever debt so gotta be north of 0.20........ But I have the hopeful blinkers on
On a good day who knows, but if the funding is in place when it resists then 0.2 inline with the concert parties investment.
If they have plans in place and cost savings inline with their business plan then who knows.
They haven’t gone in to this RTO to loose money.
Given the concert party and Simon Wilkinson entered at 0.2p, I struggle to believe it’ll be for any less, so 0.2p minimum. Concert party have waited for 2 years like other shareholders so who knows if they do it at a premium. It wouldn’t surprise me in the slightest if they did, but considering they are asking management of sorted to align with investors also, it may well be done at 0.2p.
All guesswork but suppose we just have to wait and see.
I bought at 0.43
And if you were to be bold and hazard a guess at what price on a good day, cheer me up, how much?
I agree with you.
The statement a few weeks ago was just to say they were continuing to work on the details.
We have seen documentation changes and resignations. Those are all part of the ongoing process.
Sorted have no choice but to accept the proposal or go into administration.
All that probably remains is how it’s funded going forward, when it will relist and at what price.
And with who is backing it and who they bring onboard it could fly on relisting.
Now we can only wait and be patient.
Likely no sticking points as such. It’s almost certainly a done deal as without LSAI funding them they’ll enter administration and then LSAI pick them up out of admin anyway.
RTO’s take time and it has only been 4 months, if it relists before Christmas which at a guess I would imagine that’s the plan, it’ll be a sub 6 month RTO which is pretty average, some suspend for years.
I reckon they comeback with plenty of cost savings and a quick way to profitability. Like I’ve said multiple times before I’m really hoping to see a raise with all insiders, maybe even all warrants exercised to add cash into the business also, if they do this and don’t raise any with retail, this will remain as illiquid on its return as it did before it suspended and could see a very big move. Especially with the likes of who is involved it could gather some press attention IMO
Their have been here before but not with the likes of practice and
Ruthless businessman this time round
Make one wonder what the sticking points are maybe sorted hanging on for a miracle,
their have been have before.
Iain Greig gone now also. Again more out with the old, sense very close now to in with the new. Reckon they want this relisted for the Christmas run up as likely their busiest period, could be wrong but would make sense
Carmen Carey the CEO at Sorted is now a technology executive
RTO’s are a lengthy process, a lot of work is involved but the recent update sounded very positive. I like everyone else here is very keen to hear on what terms any money will be raised at. Fully expecting it to be 0.2p+ and hopefully kept with insiders
Lawyers. As the saying goes, 95% of them give the other 5% a bad name. :)
I guess after selling all they holding for a pound they don’t want to paid a lot for new shares in what they already had, until they have to
Can’t think what else it could be
I guess they are looking for the best possible deal for share holders