Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Forcing the spread betting companies out? “The Directors are aware that certain Shareholders may be unable or unwilling to hold Ordinary Shares in the event that the Cancellation is approved and becomes effective. Such Shareholders should consider selling their interests in the market prior to the Cancellation becoming effective.”
that would probably be right after they and their mates have bought their shares up. expect this to bounce hard this week
Will they admit error of judgement if they have realised that the chances of getting 75% approval to de-list are zero and cancel the plan. Then the sp will rebound, spread will normalise and trading volumes soar as confidence return.
it seems these guys wated to purposely knock the sp down.
we’re saying we want to delist and we’re giving really crappy reasons why,so that the sp drops and we and our mates can buy more at this ridiculously low price.
With their 42% they can single handedly block this and they have lost a significant amount of their investment already yesterday..bet their livid with this announcement. Can see further news very early next week..
Cost of maintaining listing is minute compared to what they lost in a day
https://www.londonstockexchange.com/companies-and-advisors/aim/publications/aim-fees-for-issuers-2019.pdf
https://www.londonstockexchange.com/exchange/companies-and-advisors/main-market/listing-fees/aim-fees-calculator-annual.html?marketCapitalization=5000000&expectTradingDate=01%2F04%2F2019&calculate=calculate
Listing outweight the cost
https://www.bdo.co.uk/getmedia/7a5055c2-c009-4259-af62-6076f34cd49a/DirectAim-Issue-2-2015.pdf.aspx
Maistro
Shares in issue: 401,105,816
Market cap on Thursday's closing was 401,105,816 * 1.2p = £4,813,269
When they announced they will delist share price dropped by 80%, so now
Market cap on Friday close was 401,105,816 * 0.25p = £1,002,764
They've lost £4,813,269 - £1,002,764 = £3,810,505 in value in a single day, OUCH
Charles Street International holds 168,899,998 shares, 42.11%
They were valued at over £2m on Thursday's closing price (168,899,998 * 1.2p = £2,026,799)
and are now valued at £0.42m (168,899,998 * 0.25p = £422,249)
Cost of maintaining listing on AIM, depends but is around ~£100,000
So they've lost £3,810,505 only to save around £100,000. Don't make me laugh
Charles Street International should 100% oppose this delisting. There are benefits to maintaining a listing on AIM, significant one being exposure and potential of share price. Going private will only value a company at what assets is has, there is no potential in this.
Is where the money goes round and round and round and down the plug hole.
RNS states canceling listing on AIM will be in the interest of the co. & shareholders!! If it would be good for shareholders, why the sp fell so much yesterday? It is highly unlikely that the proposal would get 75% approval. If it is rejected, what happens? What else they are likely to do. If they care about the small holders, why they don't continue trading and take other measures to boost profit & their reputation!!!
From Finals:
"revenue growth on 2017 with Q4 2018 revenue closing just short of the entire revenue for FY 2017.For 2018 as a whole, revenue increased 154% on 2017."....
"The business development team has grown the pipeline of new customers and have signed a large UK Enterprise customer in Q1 2019"
They made some progress and now would like private company -they are little crafty to my.I say NO!!!
Showing as 0.2-0.7 on nex still, why not just delist nex and not the main listing if they want to save money?
Lazy MMs bring the spread down!
Largest shareholder holding 42.11%
Shares Held: 168,899,998, assuming most shares were obtained at 1p, they have spent minimum £1,688,999.
They are now valued in region of 1,688,999/4 = £422249 at 0.25p.
They may as well buy out another £500000 of maistro and get over 80% of the company and just make an open offer.
https://s3-eu-west-1.amazonaws.com/pegasus-media-live/wp-content/uploads/2019/02/06101304/TR1-Notification-Charles-Street.pdf
https://www.sharecast.com/equity/Maistro/director-deals
Well They got one wish - 58m volume today so far - brings the 650k daily average stated in the rns up a tad.
Don’t need to raise they have enough cash, so you can tick off 1 straight away
1. Maistro has a nominal value of 1 pence each so they cannot issue any more shares less than this price. The only way you can buy less than 1p is to buy at market prices. We will see if any board members buy in the coming weeks to up their stakes, as they cannot get it at these prices any other way.
2. They closed yesterday at ~1.20p and today dropped to a low of 0.225, that is almost a penny drop. So if they decide now not to delist returning to ~1.20p is ~400% gain.
3. There are 40 days yet to trade in this shares so not all is lost. Also they need majority in favour to vote, and the board members collectively do not have majority so there is a chance is will not delist. Not to mension other investors must be furious about delisting so may take action.
4. End of Dec 2018 final results: show "Cash balances at 31 December 2018 include GBP1.2m net of issue costs in placing proceeds received in December 2018. A further GBP0.9m net of issue costs was received in January 2019."
5. Revenue 1.5m, Profit 0.13m which is an increase by 154% compared to 2017.
Next week, watch this recover, maybe not back to 1.2p but am hopeful it will recover to 0.6-0.75p
Saw this, but these are delayed trades from the morning, MMs hiding / delaying trades?
While I was out I think this hit 0.10
Are they crazy or on a robbing trip this fri afternoon lol
Mr Calm...
EXPECTED TIMETABLE OF PRINCIPAL EVENTS*
Notice provided to the London Stock Exchange to notify it of the proposed Cancellation
Friday 17 May 2019
Publication and posting of the Circular and Form of Proxy to Shareholders
Monday 20 May 2019
Latest time and date for receipt of completed Forms of Proxy in respect of the General Meeting
10:00 a.m. on Tuesday 11 June 2019
Time and date of the General Meeting
10:00 a.m. on Thursday 13 June 2019
Expected last day of dealings in Ordinary Shares on AIM
Thursday 27 June 2019
Expected time and date of Cancellation
7:00 a.m. on Friday 28 June 2019
Just a guess but I think that 9m could have been he last lot for Philip Letts selling he had 12,929,840 in Jan, a guess based on the odd “840” plus and the other rounded trades.
Mind you what a disgrace that a company can raise new money and make lots of promises and then decide to take the company private
I bought these in the placing at 1p and sold out at 1.6 I think. Had a small punt today ..not going broke and we might see an offer or the delist might not get a majority
0.25 ish looks bottom
when is this delisiting
Looks like these delayed trades holding this back..they’re releasing these now..gla