Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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something is not quite clear here.............the automated sales through the channel, when covering costs and producing profit for the business is a cast iron secure type of business offering confidence and security to shareholders and has to be attractive to new investors, it's a great business model with sales so widely spread, it's also very Toby, we should congratulate him. If these sales through the channel amounted to $7.8 M in H1 2020 and total billings in H1 2020 were $7.9M putting Adultblock aside that could indicate 1 off brokered sales are at a maximum of $100K in H1 2020, I cannot accept that MMX would reject 1 off brokered sales, surely they only add to our fortunes, if we asked 'are you rejecting these 1 off sales? for me circumstances do not exist where the reply would be 'nah we don't want them', surely no one is that stupid, it's a question we should ask ......Huckster
Agreed bakky – appreciate the move to automated sales – but that should not preclude all efforts to maximise revenue. Lets see if H2 can generate anything in this area. If not – surely there is a question on the team who were historically working on this – who generated $1.7m in 2019 so not huge, but would have been a good introductory dividend. Also agree with MacG on the billings v revenue issue – surely it makes sense to report turnover in the period – all other numbers (EBITDA, PBT) are based on this. SB
what I don't understand is why they are keen to jettison one off brokered sales.Surely that's a good income stream on top, a bit of jam so to speak. They can still work hard on the channel auto renewal stuff, but they seem to want to ignore everything else it seems. why? it's all extra income!
On a positive note...I'm convinced that we are making the necessary progress operationally..The reception to the update was muted ,but I believe it was good,especially as it did not include Adultblock contributions and that $1.2 m was spent on buyback....better in my pocket however..