Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I am also a suffering shareholder just not suffering from buyers remorse - filter me or don’t read my posts but don’t vent your anger or frustrations on others - we are all entitled to our opinions!!
Not a troll just open your eyes. No company about to break into profit does a CLN.
@newuncle
Are you selling up then?
Bigmac, that makes it even worse that the company had to go to absolute last resort lender to raise cash no matter what the cost to their investors. CLIN holders sell what can when they want, if the price drops they don't care, they just get even more shares allocated for their next sell. It's a horrible process for PIs to be caught in the middle of.
Due Diligence done!! Finance raised for Tradeflow. What is there NOT to be excited about??
Thanks was just not sure wish I had more cash to buy
CLINs are the loans of last resort where a companies can't raise cash needed via other means. The providers usually negotiate terms that are totally risk free to them so even if the share price falls they can reset their sells so they always come out on top. The company wins, the CLIN provider wins but rarely do investors see a return. That's why they call it death spiral financing. Please dyor and then decide your view. Just saying as I have been there before on other AIM stocks and it has never ended well for PIs. All imo of course and good luck whatever you decide.
NS20 look at any other CLN. They forward sell etc. They are not investing in the business. The lower the price the more shares issues. Look at ICON & EHOG. HEMO as well lately.
Angus....
The detractors will spin it to say that it's a heavy dilution and the company is going to death spiral.
The supporters will say that sometimes you need to take a. short term hit to make a longer term gain.
For me, it's average to positive news. Means we will confirm the Tradeflow acquisition. Also, nobody loans that amount of money without their due diligience so I suspect they are aware of what's coming from SYME.
Is this bad news then
They are not missing
This was my first thought a huge loan on a risky business? I think not! They obviously see a positive future, if you feel worried sell up and go, leave us to crack on ????
This was my first though, a huge loan on a risky business? I think not! They obviously see a positive future, if you feel worried sell up and go, leave us to crack on ????
They are not due until the end of the month you imbecile
Also remember that we are gaining an established and profitable business with opportunities to scale both businesses by working together. Remember the Directors' main function is the steer the ship and maximise shareholder wealth.
Peakhope, out of respect to the long suffering shareholders, please keep it shut for the rest of the day please ! TIA !!
Without the financing, going concern may well have been an issue.... I'm relaxed about it. No-one loans millions without their own Due Diligence.
Christ they are all coming out of the woodwork now aren't they!
What an absolute joke.... Each and every single RNS comes out negative!! This only heading one way
Might buy in at 10M mcap normally how these convertible loans work. Hopefully gets there quickly in time for my Copl too slice
completion of purchase rns to follow shortly
Total joke, wave of CLN RNSs today
bad news, just look what happened to HEMO after they went same route for finance
GLA