Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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That guy on Twitter has apologised and admitted he made a mistake
My last top-up done this morning sub 2p...
Ready to BooooM!!
Seeing as though the overhang has gone and just a few buys or sells are now moving this .... if we get a little run of decent buys there will be some big gains and that will encourage the masses .... don’t wait till it goes up .... get in now that what all the big boys are doing .... follow the money
Time to let the non- believers out as there's going to be some massive gains from this price range here.
Well its cleared up now and thanks for letting us know. We have had an RNS each day this week, holdings and options - so would be a shame if Friday comes and goes without another one!
That bloke on twitter was probably reading the Investopedia page on SPACS
https://www.investopedia.com/terms/s/spac.asp
Sorry guys, that was me. I have been through all of the RNS's regarding RDGC and got mixed up after going through them all. I have made an apology on Twitter. So in fact recent TR1 investors have the exact same risk as PI's. This bodes well because they are piling in.
Just wanted to clear this up.
@Boom123 That did make chuckle!!
Cheers Vascular. That sounds like it.
That bloke on twitter was probably reading the Investopedia page on SPACS
https://www.investopedia.com/terms/s/spac.asp
"The money SPACs raise in an IPO is placed in an interest-bearing trust account. These funds cannot be disbursed except to complete an acquisition or to return the money to investors if the SPAC is liquidated. A SPAC generally has two years to complete a deal or face liquidation. In some cases, some of the interest earned from the trust can be used as the SPAC's working capital. After an acquisition, a SPAC is usually listed on one of the major stock exchanges."
It’s a load of ****e. The guy on twitter is making a fool of himself. Obviously trying to get in lower. Think he’s missed that boat tbh.
Sounds illeagal to me,antelope. I think the FCA would'nt allow it anyway. I'm not worrying about a load of shy te on bloody twitter, and neither should you.
I finally found the tweet and messaged the bloke. Sounds like bilge to me. Ignore it. If there's anything to it I'll come back on here.
I'm imagining some sort of setup where the trust acts as a guarantor of funds, but unlike normal share purchases, the money doesn't actually carry over, so if the share price plummets due to collapse of a deal, the cash is simply withdrawn from the trust. But this is me wild guessing... I actually have no idea. As I say, I've never heard of such a thing before. Just thought it worth checking out though.
How can you get your cash back??
No chance and they have never done it on the other investments they have been involved in.
Someone on twitter was saying that these big holders aren't taking any risk because they're buying through a trust and if it all goes belly up, they get their cash back. Is there anything to this? First I've eve heard of such a thing.