Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Are you ok snowflake? Don’t play the game if you can’t afford to lose money. You’re really arguing that ‘poor little PIs lose a few shillings’ - get a grip. Everyone trading shares to make money. Some win, some lose. You want security then buy USTs. Otherwise, get a grip and send the whining elsewhere. (And I bought under 0.2 - onwards)
Fair post AJAYE
So only the interest outstanding for this year which is what maybe £66k?
So all in all the conversion of the CLNs would create what? Some 150 million shares here? Do you concur?
Incidentally do you hold some of the CLNs too?
Tragic, I am reluctant to use the M word but if anyone deserves it you do.
I told you earlier that the interest to 12/19 and 12/18 has been paid: so as usual you are wrong.
xx
He has been told that: in one ear and out the other.
Ps - Having now read the posts below.
Majic - The CLN interest is paid annually - so there is not 3 years interest to pay !
Guys can we call it a draw today. (Helpful v Majic)
Let's agree
The CLN holders will NOT convert until at least 0.9p - there's no point as there's no profit at 0.6p
Yes, If they do all convert the new shares WILL dilute existing holders BUT
Majic - The market cap will not remain the same (as stated below) as the Company no longer owes £873,000 in loan notes and interest - so the book value of the Company increases by ...................... £873,000. ....................Good for all shareholders, especially as the Achilles heel of this company is cash flow
Let's further agree that the company is doing well - chart wise the sp has increased over 1yr, 3mth,1mth 1week and 1 day - not bad in a Covid environment
At a rough guesstimate I suspect that would be some £1.06m which converted at 0.6p would generate about 177m shares here. Am I close?
Helpful - "The amount that gets converted is the capital plus rolled up interest at 0.6p."
Then the dilution will be far worse than I previously stated. There have been 2 and 3/4 years worth of interest so the amount that will be converted must be far bigger than £830,000. Care to tell readers just how much it is?
Tragic you understand nothing.
We can convert the CLNs any time up 19/12/20 it is entirely under our control but the conversion price is 0.6p. The amount that gets converted is the capital plus rolled up interest at 0.6p.
If you understood things you might not have lost all your money.
I understand shameless rampers like yourself and have watched you for years pumping the awful Mayan Energy whilst it utterly decimated the share price to oblivion issuing shares on a galactic scale. This is what you do.
If there is anyone sat in a maisonette bedroom in their pajamas it's yourself endless posting silly twitter links and gold links.
True investors simply don't do that. They invest and simply wait. You have become more desperate and frantic and tetchy as the days have gone by here and as the SP creeps slowly towards your 0.6p conversion price. Even resorting to outright abusive insults today which LSE Admin have had to remove. Tut tut.
I think people can see where the truth lies here.
Dilution is imminent imho via the £830,000 Convertible Loan Notes which are free to be converted when the SP hits 0.6p and which would see some 140m shares added here, roughly 20% of the existing shares in issue. The SP will imo quickly adjust downward on such conversion. Once done I would not be surprised if old Belly boy then dropped a placing which would be a double whammy for holders.
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Do you just sit in your council maisonette imaging stuff?
We are buying to get the SP so we can convert? If things are as bad as you think we would be just making things worse: you really don't understand anything.
xx
What's the betting that the buys here are just the CLN holders themselves desperately trying to push the SP up to 0.6p so they can convert? There's £830,000 worth of CLNs waiting according to the RNS. A few £1000 to buy shares to pop the SP above 0.6p is nothing is it compared to how much cash they have locked up in those CLNs . . . .
Can't imagine why any ordinary holder would stay holding whilst the SP here hits that 0.6p conversion price.
Conversion would add approx. 140m shares to the issue for no benefit to shareholders. i.e. pure dilution.
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