George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
And the below on 11th Jan
""4. Within 45 days, an agreement with the senior lender on a process and milestones for either a comprehensive sale of the Company's US assets, a foreclosure of the Company's equity interests in its US assets or a "take out offer" in an amount satisfactory to the senior lender."
IMO there's a high chance of shareholders losing everything here.
I wouldn't average down, I wouldn't buy in even for a punt. It's like catching a falling knife"
I posted the below on 16th Jan - why didn't people listen?!
"The writings is on the wall here, shareholders are getting massively diluted and they would likely need further liquidity down the line. There was a nice bounce to be had for anyone who swung trade but the overall trajectory here is down"
But Amit told us it would be sorted in 'a timely manner'.
"Also just for good measure… I do believe we’ll see a return… I don’t in anyway shape or form believe he’s defrauding anyone."
If you do believe we'll see a return, then it should be in 2024 surely? That way at least set yourself December as the cut off because he'll still be spouting tripe then
1984 you realise no one is building any payment portal. That was simply a throw away comment much like many others over the years such as implementing their own blockchain (LOL), daap announcement, simultaneous contact etc etc etc
"Over 2 weeks since the agents where emailed by shareholders and not one response..."
Slight amendment, over 2 weeks since shareholders emailed Amit and he 'supposedly' passed the emails along.
All I can fathom is the agents all broke both of their hands and fingers and thus can't type or use a phone. Seems completely plausible doesn't it.
" I've heard nothing presumably means that they have no evidence of fraud or wrongdoing"
As if they've had time to look into everything in that timeframe, what world do you live in.
I'm pretty sure the reply he received was confirming the last correspondence they had from cloudtag not the paying agent.
Hoping Amit is acting as the paying agent is just wishful thinking, no one is getting paid a penny here as Angus said
Laughing at Amit's use of the phrase short pause.
Why Amit still commands the time or respect of anyone is unbelievable.
"The paying agent allegedly has made contact with HL… is this not a third party verification that the paying agent exists?"
I don't believe HL has ever confirmed this? The contact they had was directly from Cloudtag (aka Amit sending an emailing and signing it off as cloudtag action agent).
I see good old pawn Chandra is posting again on Twitter, talking about truth and humility. You'd think he'd learn better after all this time and badly aged twitter posts. One day reality is going to dawn and that will be a very very hard day
So it's almost May
- Zero contact to any paper certificate shareholder
- Zero contact to any brokers
- Zero 3rd party announcements
- Company not even registered anywhere
^ Be back in May to repeat the above ^
"The odds imv have increased in favour of the shareholders."
im flabbergasted
He offered shares very recently to some shareholders 1984
Trying to apply odds at this stage is a bit ludicrous.
Imagine you hadn't invested anything ever, then look at this company who lied and got delisted, then has continued to lie for years. Would you really think "hmm it's 50/50 ill throw some money in".
Ah, maybe it's because you called him a c u next Tuesday.
1984 - have you tried asking Amit to buy more shares?
So yet another deadline has passed where contact was not made, the agents hands must not have recovered yet from whatever accident they've been in, poor fellas.
It will be May quite soon, so near on 6 months since payments should have been made. To the gullible Amit can keep this going for a fair while longer. To the reasoned I suspect by now the penny has dropped.
"It’s like a game of roulette, black or red, shareholders or borrowers, who will win. No one knows. Everyone is waiting for a pay day🤣"
The only winner was Amit. shareholders won't see a dime
"Oh and Spikey, Antha, B3ast, HeadInTheSand will still be waiting for their payments this time next year👍"
So will everyone else