Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Exmex interesting indeed so to clarify no minimum for ordinary meeting but 20% for extraordinary?
The gist of the french quorum rules state that a second ordinary meeting can take place without reaching the 20% of shareholders votes originally needed. The second extraordinary meeting would need a minimum of 20% of shareholders instead of 25% for it to take place. A second meeting has to be held within 2 months.
@troublesome your being very optimistic today
The company had weeks to try build momentum for a positive AGM.
The board got a bloody nose which they deserved .
They need to change tactics to get PI inside again.
If you look hard enough, a rainbow appears.
... comes another storm!
We need a three monthly update for the first quarter to show everything is still on track or a product update. The delay with the lft tests is not good enough with current market conditions. However 100 million for the full year looks outstanding considering events.
After every storm .....................
I dunno - seems to have quite an upside from here..
Lord Brothel and Suzie Wong - nightmare duo.
Another day, another **** storm!
Read the abingdon health dispute. Substitute Arther Daley for Bethenal?? It is a shocking department and may be part of the reason that g.m wants to move to other areas. They look to be a nightmare. The cancelling of the a.g.m is another problem they have caused. But abingdonhealth approach is better because everyone can see where the blame lies
There are always those willing to commit unspeakable atrocity in exchange for a little power and privelege.
Maybe GM was not one of those people.
Nobody knows how to react, embarrassingly nobody's turned up to laugh at us.
Not so Poidster, - Industry members will fear that they won't see that cash when it is due that is the problem.
Companies look at our situation, and that of others, who have had to use redundancy to stay in business.
Not surprisingly they are underwhelmed.
@B2H, I see what your saying but even if everyone knows that they are completely untrustworthy they are the ones with the big bags of cash, peoples principles soon disappear when they are dumped on the table, so I stand by my original comments, suppliers have much more to lose as they can be frozen out, DHSC not so much
404 not found.
https://www.dlapiperintelligence.com/goingglobal/corporate/index?t=32-quorum-requirements&c=FR
This link gives some info on the french quorum rules
https://www.diapiperintelligence.com/goingglobal/corporate/index.html?t=32-quorum-requirements&c=FR
Poidster -
"the DHSC doesn't need to uphold a reputation"
Don't agree here.
This industry is now well aware that there is a much higher risk of cash flow disruption when dealing with DHSC.
Wilson, never experienced it before or came across such a situation. Typically you have enough II's to get over the threshold, clearly that's a big issue here with very low II holding.
Tks for the reply poidster, well we are where we are now if the bubble at HQ was unaware before they are not unaware now.
Whether the tepid attempt at gathering support was an actual realisation that they were nowhere near getting support I don't know. I voted late in the day many many obviously didn't.
Anyone familiar with this type of situation ?
@Poidster
Zero expectation is not a bad starting point.
Today is a new day, let's hope for the best as IMO Novacyt still has loads of potential.
We're not safe till we're all safe.
@Wilson it's not just that to be fair.
They have literally pi $$ed away all their early deveoper advantage with this DHSC fiasco.
They have now tarnished their reputation as an agreement cannot be reached. Even though they may be "right" and DHSC are equally to blame, look at the damage that's been done. We have now effectively written the whole disputed value off anyway.
Anything we get back will be a bonus and it will be a pyrrhic victory. We are the biggest losers whatever the outcome, the DHSC doesn't need to uphold a reputation, we do.
The fact that a mutually acceptable resolution couldn't be reached quickly shows a certain degree of naivety on GMs part and didn't take into account the bigger long term picture.
Even sucking up pride and taking a big hit early on would have meant this would have been finished 6 months ago. Novacyt are not an established or big enough player yet to start leveraging pressure on DHSC.
I'm stuck here now and holding come what may. Just having a bad day, I now have zero expectation here
@Poidster
I'm ignoring your comments towards me, its purely business. I have replied on this thread. The SP will rally on an R&D update due any moment.
What i do want to say is that you actually hit the nail on head with this a few months back with your post regarding stocks on pallets trying to be returned and rumour that NCYT wasn't accepting the return.
Bingo, but too caught up and not smart enough to understand what the meaning of this was at the time. We now know it now with the write down.