Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Great positive step for rms its been months since we have anything to be positive about and for the usual bs blah complaining if we get a good rns or if it's negative or if we don't get one at all can't please a troll anyway looks good...
"Part of the proceeds from this order will be invested by P2F into a marketing campaign within India to support VKE and build demand for the Pro-Larva mask, which is expected to then lead to increasing repeat orders"
Problem is that, with this company, what is 'expected' often doesn't materialise.
The other issue is satisfying any demand. Difficult to do with a machine that still isn't working properly (and Volz seem to have exited stage left).
As I said - a welcome first step... but experience would suggest that caution should be exercised.
Well said Regulator.
The voice of reason amongst understandable euphoria.
I hope this does lead to a reasonable, stable, and possibly growing outlet.
But,
1 swallow doesn't make a summer.
Plus, a lot of folks here under water, myself included.
They will be eager to bail out, as soon as they can at break-even or even a loss.
So, downward pressure on SP will remain, currently.
Part of the proceeds from this order will be invested by P2F into a marketing campaign within India to support VKE and build demand for the Pro-Larva mask, which is expected to then lead to increasing repeat orders
Cheer up regulator .
It's a positive move forward
This deal is a drop in the ocean.
Whilst the masks can be sold to the public in India, to be used within the Indian healthcare system they'll have to go through a very lengthy and bureaucratic system (which makes MHRA look like a stroll in the park).
Cost will be a significant barrier for most Indians. Only the wealthiest will be able to purchase these initially (until the company can find a way of reducing the costs without impacting quality).
This deal comes with costs and any profit on this order is likely to be wiped out by the requirement to fund the advertising in India.
To go beyond this size of order will require significant investment in production capacity - and they still haven't got the machine working properly yet.
I predict a bounce in the SP as the Kool-Aiders see this as the second coming and buy in the fervent belief that they be milllionaires in a month... but they will be disappointed. This is a welcome first step... but it's just that - the first step. And there's still plenty to trip the board up - particularly the lack of a substantive, experienced CEO and a lack of marketing competency.