Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Both have significant holdings over 20m shares each at a holding of 20m they could still net £100m a piece. Would you worry about selling a few million shares at that level? This company has three mainstream drugs on the go with subsidiary contracts rumbling away, there are pharma with one drug and a 10 year development ahead of them with £100m valuations. Delivery is everything but what NFX have is needed exciting but time is a bugger
Interesting points mars
A director of a subsidiary is not considered an insider they are restricted in the same way in a close period prior to the issue of financials. They do not have access to plc board meetings, info or decisions and there is no reason why they need to be informed of progress in projects. It is likely he is a subsidiary director as part of the package at the time to get him off the main board.
A late return for a deal even as a director is not a sackable offence, at most first offence is slapped wrists. A company that fails on a persistent enough basis will initially be threatened with a large fine if they do not put their house in order et £1m. NFX not near this position. DT and DG left for other reasons and it was expected the flow of information was to considerably reduce after they left.
FCA won't do anything and maybe he knows this.
I agree, but if he is legally viewed as an insider director then we should have had a different RNS today.
The RNS treats him like any other shareholder (who, by the way, should be on the significant shareholder list regardless of whether he's expected to sell out).
Either way, not a great endorsement of the plc's prospects from a director of the wholly owned subsidiary!
Notperfect, I get what you say, but if a director of a 100% wholly owned subsidiary isn't party to the same rules then that would be a major loophole.
Maybe I should say 'under the rules'.
As always, if no-one enforces them then thats a different matter.
Soup
Technically isn't Alan a director of the subsidiary Nuformix Technologies but not of the listed plc (which I assume is why we see a TR-1 today rather than a director dealing RNS). So I wouldn't expect him to be constrained by the plc rules.
Soup "so if something bad was coming he wouldn't be able to sell if he knew."
You mean rather like DT;-))
ATB
Maybe he thinks the same as many here and feels he can move that money elsewhere for example brh or rns.
Hale, the one good thing about AC selling is that as a director he is party to inside information (or I hope he is), so if something bad was coming he wouldn't be able to sell if he knew.
On the flip side the same rule would mean that there's no news on the way anyway.
Yes, it’s very strange, if you had confidence in the company and thought positive news was on the horizon why on earth would you sell? Especially AC if he is still a director. It doesn’t reflect well on the company.
I'd ignore CPI as they sell equivalent of 100k a day so do not affect the SP. Our major concern is AC and DT dumping on any volume and thrashing the SP. Hopefully they clear quickly at a low SP as quicker churn through millions. We may have to hope we have multiple news as the first bit of news will probably only allow a modest increase.
AC and DT who you'd think are in the know, is disconcerting but I will have to take the gamble, until they RNS something about failures with their main co-crystals. So far they haven't!
Excellent post and brilliantly put .
I’m wondering myself how this is unraveling.
Allowing for CPI being none profit making I find it both scary and satisfying that these particular holders are selling ( down to what who knows and IF BIG NEWS landed would they Still Sell at a higher price which in itself could put a dampener if the big news ever happens ).
So Recent TR1 RNS must mean that simply they’ve stopped Selling ( at this moment ) and not at a notifiable % ie ( is it multiples of 1% to a maximum of 3% ) .
So does this now mean that they’ve stopped Selling and on Demand Alone studios Sales then we will increase in price again .
Irony being that many LTH are still accumulating and lowering there average price in a regular basis on these peaks and troughs .
So, that being the case, I’m all for as many P & D’s as can reasonably be achieved in any given week/month.
The sooner these prks are out the better.
I get the feeling thats why the company has left them off the website significant shareholders list. Blackwell probably knows they intend to sell up, so doesn't see the point in them being listed.
52,862,941 = total amount of AC and DT shares remaining combined. I think judging by their activity over the last 12months it would be reasonable to assume they plan to completely dispose of all their holdings. Will be glad when they're gone yes, do have to wonder why? is it out of spite? is it due to an agreement? or is it because they hold no faith in the company to produce value to SH?. We can only guess as we still don't the reason for DT dismissal, and the suspicious last clearance of AC's holding timed perfectly to coincide with a leaked unsubstantiated news article to a certain tabloid and subsequent severe late reporting of such activity until after DT had vacated the premises as prior chairman, all maybe a coincidence, or maybe not as we don't know as we don't what the drama has been at board level in the last 12months, either way the late reporting was poor. Add into the equation CPI, which i am naturally less suspicious/concerned with however doesn't help things for us poor suffering LTH as they clear in combination with the other 2, i do suspect CPI will be done more at a reasonable pace, but all 3 TR1's in the last week is a bit of a bitter pill, is it not? add CPI to collective we suspect will be sold in future and we have a grand total of 82,575,882 left to clear. Doesn't look like we will do well without transformational news does it? think we will ever see 1 of these issued that actually has someone accumulating?