Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Flagstaff TV usually do the podcasts with Brad George and I see they have already posted here today - see Analyst Comment at 10.53 am - so I would expect that a podcast is in progress and will be released either later today or tomorrow and hopefully this will answer any questions and make things clear.
I mean podcast rather than presentation. We had one of those - presentation that is - back in January which saw the share price as high as 4.55p. Just a simple podcast would be good enough for now and might be enough to get the share price rerating back up from the current low.
More like:
The last RNS sounded too good to be true - and it was as it turned out.
As for not even bothering with CT4H well testing, despite claiming that it was producing approximately 600 barrels of oil before being shut in again to allow all efforts on site to be directed towards the remedial repair works on the CT1H well. That sounds suspect too. Are they incapable of doing 2 things at the same time? M/cap about £600K.
It appears to be 'production thresholds' and not 'exploration threshholds' so unless or until this gets into production there is nothing to pay.
'The proposed consideration set out in the letter of intent is a net smelter return royalty of 1.5% and cash payments of up to US$15 million payable upon meeting certain agreed production thresholds.'
It doesn't need to 10-bag from here to be a good result and worth a buy on this news. This was 4.5p and as high as 5.5p in January just on talk of OMI getting back 100% ownership and now that is as close as just over a month away and with no upfront cost.
I suppose the next move by Draper will be to re-RTO Bidstack under a new name. Say give it a £20 Million valuation, as no doubt some Broker/Nomad will give it the go ahead if they get bunged enough cash. Draper will no doubt own at least 50% of the company and instantly make himself millions from the pre-IPO placing.
Then 6 months to one year down the line, the m/cap will be back down to a couple of million after a succession of poor results and updates and the poor old shareholders will be shafted all over again.
The only surprise is that this is even allowed to happen. It is all rather pathetic.
To repeat from yesterday's post, I do and did not hold any shares here and will not in the future and my only reason for posting is to make an observation of this despicable behaviour towards shareholders.
Alliance News
Fri, 22nd Mar 2024 16:03
Bidstack executive team buys Bidstack Ltd assets from administrators
The executive team of Bidstack Group PLC has acquired Bidstack Ltd and all the operating entities of the group from the administrators, according to Bidstack Group on Friday.
London-based in-game advertising company Bidstack Group said the deal for an undisclosed fee sees Founder & Chief Executive Officer James Draper and the executive team of Bidstack Ltd become significant majority shareholders.
The executive team includes Lisa Hau stepping up to chief financial officer, Dave Garvey continuing as chief legal officer, Will Stewart moving to chief product officer and Daniel Barrigas to chief technology officer.
Bidstack Group said all contracts and client relationships will continue within the new ownership structure, which it said would safeguard jobs for the UK and European-based staff.
"The acquisition is a pivotal moment for the next phase of growth for the business. Our technology is at the forefront of sports technology, and I couldn't be more excited. I am proud that we are able to reward our ambitious and industry-pioneering team and have them as shareholders alongside myself," said Founder & Chief Executive Officer James Draper.
"The company can now focus on the enormous potential we have, to enable sports teams to get closer to their fans and improve the player experience by bringing their virtual [intellectual property] to life, with real-time messaging, rewards and engagements."
Shares in Bidstack are currently suspended as it is in administration.
By Greg Rosenvinge, Alliance News senior reporter.
I am assuming that posters here have read this as it is shown on this website. I certainly had read it before posting my recent comments.
Maybe an apology for my tongue-in-cheek posts is in order, especially to those who have lost money here, whether big or small amounts.
Having said that I was always very wary here and I could never see what everyone was raving about and I posted as much a number of times over the last few years. To me, there was never any revenue being generated nor was the revenue ever increasing and the only thing keeping the company afloat were the continual placings.
Unfortunately, that is not going to change and Draper will now stupidly be allowed to do the same all over again and lose the next set of investors and shareholders all of their money all over again. Shame or rather shameful.
Maybe they could have tried this trick on at Wilko, a store that I found quite useful and certainly miss. Maybe they could have put the old business into administration and then the owners could have bought it out of administration for £1 - the usual figure in such transactions - and then just continued with a business-as-usual sign in the window. In that instance, it would have been the banks that would have lost all their money, rather than the shareholders as here, as Wilko was still a private company.
It's quite criminal what 'respectable business people' can get away with.
I was not invested here as I always considered that this was not a profitable business and it still won't be even in another incarnation. Bit like Cineworld who managed to make all the debt and shareholders disappear so they could continue the same old misery.
I see that Bidstack - ticker BIDS - have put themselves into administration and then on virtually the same day as the administrators were appointed, the CEO and founder of the company, James Draper, has bought the whole business, lock stock, etc from the administrators for an unclosed but probably miniscule sum. What an absolute farce.
Is Millholland planning such a move here?
Just an idea. Maybe Draper and his administrator buddies should keep the listing going and get a new nomad and keep the shell going and then they can RTO what they have bought from the administrators into the shell with just the cost of a new ticker. That will save them some money and a lot of work and effort getting a RTO sorted. Effectively they will have got rid of all the old shareholders and nulled the value of any previous shares and then they can start afresh. If only life was so easy.
Oh, by the way, Barkby Group - ticker BARK - used to be this company before the name change. Unfortunately, this website doesn't appear to have carried any of the former information, posts or RNSs across from the former webpage when the name change was finalised.
Below is the link to the article that caused the rise last September when the share price reached just over 8p. It looks to be a genuine valuation
https://news.sky.com/story/sleep-technology-provider-tries-to-awaken-interest-from-buyers-12958571
Flogit123
I see your post at 10.48am. I first posted at 10.21 and there was no one else here. Laura2022 turned up at 10.34 and then you and Indie07 both appeared. The trading for the first 30 minutes or more was really weird as the MM's kept bumping up the ask but there were no buys going through as I have live prices. Very strange. I got the first 2 buys to go through at 3.4p and 3.6p so I am well pleased.
This share was 6p at the end of last year but then everyone got a bit impatient and this was sold down to sub 3p by the end of January but I knew they had a damn good asset - or rather 2 as the new project appears to have lots of potential and their American partners are simply huge.
I'm glad that tedgrundy has disappeared already. What a nuisance.
ATB
I must admit that I did think I was maybe a bit 'barking' to be holding some of these shares - I had some at just over 6p that I had bought at the end of October last year - but it has finally all come good. (By the way, the 'barking' reference is for all the long-termers here who knew this by its old ticker - BARK).
This £6M sale of 10% of ROAD's 75% stake in CSS will be completed towards the end of April. That will leave the other 65% worth a further £39M at the same valuation.
ROAD meanwhile have an exciting new venture developing roadside real estate which is outlined in the following link if anyone is interested. Cash from offloading their stake in CSS will enable ROAD to take an enlarged stake alongside their multi-billion valued American partner in what is proposed to be a £250Million portfolio.
https://www.investegate.co.uk/announcement/rns/roadside-real-estate--road/formation-of-roadside-real-estate-joint-venture/7849013
ATB