Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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True that , Ivy. Always games being played behind the scenes.
Didn't think I would get so involveld in a Phama/BioTech after getting sooo shafted with Angle Biotech all those years ago.
Was green back then, and lost a lot of my PF to that fuster cluck. Pesky Mongolians. :)
But, this looks so much better. And y'man does seem to know what he's doing.
But, have seen that before. Only to get Rodgered.
Anyhoo, happy to have my eggs in CF's basket.
You can usually guarantee that when something does not make sense like Acacia drip feeding the market it will suit someone’s agenda but no matter.We know it is not about keeping it within a range to do a future raise bit may be about allowing someone to accumulate more or some other reason.
At some point soon they will be out and the shackles will be off so please be patient abdvuse it as an opportunity to acquire more or sit and wait.
If the SP was falling and there was a possible downside with little newsflow then it could be a different matter but all the signs are that the SP will only likely move in an upward trend
JH, can you see any reason that they would do so.
Sell for less, I mean. Could they be shorting at the same time.
It makesa no sense, Mario!
Demon youve got it wrong. CF expected to clear Acacia in a few days because the broker and institution offered to buy the stock above the market price. to their amazement they declined and continued to dump through the market. 3 weeks later they are still clearing.
Well, happier, will do me just fine. :)
As "Wake me up when september ends", the Green day song, plays in the background.
Evening just listened to presentation and sounds very good.
Would not get too hung up on trying to predict the exact price of Immutex just be pleased he is valuing it above the current market cap as a big Brucie bonus which will be likely returned to SH.
So effectively giving you your current shareholding back to you within a few months and then having a free ride for the rest of the business.
This is a constantly changing situation and all you need is a couple of bug bidders and the Price will be radically different.
If anyone does not believe that the SP will not be materially higher by end of 2020 than what it is now then I don’t know what will convince you.
Whether it is 20p,30 p or 40p we simply don’t know but I sure am predicting we will all be a lot happier in the months to come.
ATB
the sale of several companies came as a surprise to all, he said there is still an overhang, and they offered to buy them above the price they are, but they said no, so there being drip feed into the market, so nothing he can do really, plus link were never long term there were there till the end of the year, but it looks like the creditors cut that short and told link we want money now , sell orph and the other 12 or so companies now.
I didn't read it like that NST. He said that they could quite easily have offered them to other II's as we were 5 x oversubscribed, and I thought he said they did but they chose to dump in the open market. What I find difficult to understand is the fact that in the last presentation he said they'd be out in the next few days, three weeks later they're still dumping. Breakdown in communication somewhere.
Yes and no.
Link were previously in for the long haul - yes.
Acacia acquired them, and sold heavily to meet payments across Orph and all other stocks who are still suffering, SNG, 4D etc.
Orph weren't aware of why they were dumping in the open market and didnt know prior until recently where they spoke to their broker what was happening and were informed that JBER were still dripping shares into the market.
Since they were then notified, Cathal has phoned them up to try and soak up the last remaining shares and have someone willing to take all their last remaining stock at a price above the current SP. However JBER still want to drip the shares into the market for whatever reason
The other week CF said that they thought the shares held by woodford were in for the long haul and if they'd known they could have taken them off their hands and given to IIs. Now he's saying that they did know and that they offered well over the guide price?!? Am I going nuts here or are facts changing every week? Happy to be corrected