Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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evening RBBe.i appreciate your kind words.aploiogies for misunderstanding your earlier post.i can't remember what mvr resisted at, but i think it was at ,or pretty close to, the notional value of 3.75p at which i think they were valued for the consideration figure for the napster acquisition.my recollection is that they immediately fell from this figure (3.4p certainly rings a bell) and ,unfortunately, carried on falling. a very sorry tale. in the event that you do not post again,i wish you well at this juncture.
As this is likely to be my last post as everything seems to be resolved, thank you, The Italian, for your balanced and constructive comments during the last 3 or 4 years.
Unfortunately on this occasion due, perhaps, to my poor wording, when I enquired what shares worth £1000 before all these shenanigans started were worth now was not answered, If I remember correctly each share was worth about 3.4p. Working backwards I was hoping to learn what the comparative figure is now. This is beyond my addled brain.
I passed my holding on when they lost their IHT advantage. The recipients will have no idea what action to take without my guidance.
afternoon albert.yes i would like the tokens in principle,both out of interest and also because they may offer some possibility(remote i accept) of recouping some more of the losses. just hoping HL(in my case) can organise something.w shall see.
RBBe, just go to your broker's web page. It will show the current value in USD and GBP but to transfer funds to your bank you will have to convert to the latter. There is a cost in the spread but as Italian says, it's not huge.
Italian, what started out as a straightforward ISA investment is now anything but. That said, the cash alternative to the tokens is pretty mean, so I think I'd prefer the tokens even though right now I'm clueless about them.
If ii come up with any more info about this, I will of course post it.
This might all still come good eventually. Otherwise why would the Algo's consortium be buying it?
Londondan, I'm not sure how best to describe you - obtuse or obnoxious?
RBBE i think the simplest way is to take the number of shares held at delisting and multiply this by 6.06.this will give you the value in dollars.musltiply that result by 0.8 will give you the approximate value in sterling.what you will actually get will depend on actual conversion rate at time and perhaps platform charges for conversion(not much)so gives a reasonable approximation.this does not take account of the additional payments we can apparently expect from the escrow fund and the shareholders fund if payable (still need a bit of clarification on those i think)also does not take account of payments we may get in lieu of cryptos,if not available or desired by individuals. hope this helps.sorry if you know all this already.
As a totally confused nonagenarian could someone please tell me for a holding worth £1000 on the day of delisting, what is it worth now?
Or maybe more so as the communication i received from HL said "We wrote to you in December 2021 about Napster Group plc selling its main business to a new US based company called NM Inc (Napster Music Inc). As a result, you were due 1 NM Inc share for every 1 Napster Group plc share held at the close of business on 27 January 2022" ????
Just as worthless as those purchased prior to 27th January 2022.
Can anyone confirm the status of any Napster shares purchased after 27th January 2022?
nodilbrt.i haven't been asked to complete anything yet by HL. i assume those shareholders who were personally registered at the relevant date(as opposed to holding on a platform) will have received letters from SRS (one poster a while back talked about starting to compete a form) and will have to go through whatever procedure SRS require, but i assume hLwill do all the paperwork for me, although i may have to compete something along the way.
Has anyone completed the account set up for SRS Acquiom or it is a case of do nothing and the money will get paid in to my share dealing account (in this case X-O). Thanks !