Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Must admit the calling of one set of warrants has got me perplexed too ... I cannot see any logical reason ... But I'm sure it's a strategic move
That’s all fine, but what I want to know is, what has Prince Harry got to do with it?
https://www.theguardian.com/business/2021/jul/08/oxford-drugs-firm-gains-15m-gates-grant-for-covid-19-therapy
This has got the making of a big after dinner story with the Jones’s …. Along build up about knocking this investment opportunity out of the park to the point where you’ve got the audience captive with hysteria, and then whilst their waiting for your next narration , pausing first for effect you drop the names Melinda & Bill Gates in for the final crescendo… as the younger generation would say… BOOM!
Glenfid, that’s an interesting link and impressive organisation 98.6m Dollar grant investment through the therapeutic accelerator organisation and that is only to circa Oct 2020. Eyebrows raised at ref Agile and Liverpool university.
$21.6 Discovery
$50.4 Clinical
$2.8 Manufacturing
$0 Introduction and Delivery
$9.4 Real World Evidence and Data Platforms
$14.5 Diagnostics
Reading this , Thoths earlier post this morning with guardian link and his numerous thoughts on the Melinda&Bill Gates Foundation it’s more than plausible to think the HNWi or Tim’s other open comment about where funding was coming from MBG Foundation. Very plausible. Thanks
The Bill and Melinda Gates Foundation has already contributed to the Agile programme, and Sareum would certainly fit the profile. https://www.therapeuticsaccelerator.org
If one scrolls down to "Explore investments made", we find this:
"Mild Disease Treatment
AGILE – University of Liverpool
Phase I/II trial using the most modern and innovative statistical methods allowing for multiple drugs to be tested in parallel, and to remove or add treatments faster than ever before, based on results of safety and efficacy."
There is a uk scheme that provides 30m of grants if you can evidence 5m of private funding for c19 theraputics. That may be it but too late to add up amounts now. Will do tomoz.
But i have banged on about gates being the hnwi. Educated guess. This may titivate why.
https://www.theguardian.com/business/2021/jul/08/oxford-drugs-firm-gains-15m-gates-grant-for-covid-19-therapy
Its a good question. And perplexes the best minds on here. No obvious logic to it at the moment.
I have been invested since early 2011. I suppose that makes me a LTH, or FLTH (fairly). I have found this board extremely helpful over the years, and would welcome opinions on a couple of questions.
Firstly, is it possible that the HNWI warrants were exercised last week at the behest of the Company rather than the investor? The reason I ask is because I haven't seen a convincing explanation as to why the investor would do it at this time. And I can't make sense of the condition "The Subscriber will also be issued one five-year warrant, exercisable at the Subscription Price, for every five Subscription Shares issued (the "Subscription Warrant"), which can only be exercised following the Company's the closing middle market share price being above 5p per Ordinary Share for five consecutive days." if "exercisable" means exercisable by the investor. What is the benefit to the investor or to the Company of such a condition? Other than giving the market a guide price? If however, the conditions being met, the Company can then require the investor to exercise the warrants, it seems to me to make more sense. The Company can call on further funds from the investor provided the share price has performed acceptably. It's an early exercise trigger.
Against this argument, the Exercise of Warrants RNS does say that Sareum "has received notice to exercise" the warrants. But there does seem to be quite a bit of constructive ambiguity in many of these announcements, so perhaps they don't want to make it explicit for some reason. Who's pulling whose strings? Anyway, there it is. Apologies if I haven't explained it very well. It may seem a small detail, but I think with the stakes involved it's important to understand the motivations of all the players. That leads to my next question, but I'll save that for later. Many thanks.