Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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SB, I realise you were not being flippant and you make valid points. We may not be affected as some businesses's by the Covid19 virus, however we are none the less effected. There has been a global downturn in domains, not massive, but it's there, especially on new registrations. I agree the mixed message conveyed by mmx is ill thought but then again we don't know all the personal circumstances of staff and management at this uncertain time. Atb
Norrab - I wasn't being flippant about salaries - you make a good point. From what I can see the majority of companies who are retaining cash in any way they can - be that cancelling dividends, furloughing employees, drawing down banking facilities - accompany this with a board/senior management team salary cut to show they are taking matters seriously and want to be seen to support business problems. What mmx have done to date does send out a mixed message - postpone a shareholder dividend yet continue buyback, and no gesture from the board on temporary salary reduction's. This is possibly due to the lack of impact covid-19 is having on the business performance - but as I say a half measure sends out the wrong signals as it shows a divide between how shareholders are treated and the board. Possibly not the intention but it is the reality. I would think communication from the company in these times is essential - to the extent a Q1 trading update would go some way to answering the issues we would all want to see clarified. SB
ha ha! he won't even buy shares in the company he runs so 'successfully',... even at these low prices.
SB: There are many execs taking pay cuts during this crisis, after all, TH was formerly a PR man surely he can see the positives in such an action...
I assumed norrab1 was honouring April Fools day. Lets see many share options get dished out in July. A $13m loss last year sure did reap some mighty benefits to the guys on the board - appreciate it was house cleaning time but all the same.... TH and MS likely earning $1m a year between them. SB
exactly right norrab! but don't hold yer breath! At first I thought and hoped this management were a little different to other small aim bosses, I was wrong.Certainly not slouches when it comes to their own rewards are they?
Be nice to see a salary cut by the directors and management during these Covid times in line with the dividend cut experienced by SH's.