Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Look closely at the project list and you will see that loans are granted too.
After all the puff the loss will be in line with (their) expectations. Says it all really.
Agreement to nuclear waste going down that tunnel is the only way this project will get government infrastructure guarantees. They even changed the name of the plan from geological disposal facility to geological disposal infrastructure to make the point.
Oh rapture, Gold! The RNS factory has finally started production in earnest. Given the background of these people there's no better place to start than in Cameroon. Multiple ramps prospects too. Wow indeed.
A bit of research shows that Big Sofa have opened for business in Ohio too!
I agree with you. With 13 directors posts already on the two BS boards I really can't see the need for another one. But I PMSL as I Iol at the switch away from substance to personalities that usually happens when sore spots get touched.
More wishful thinking. The only value they currently add is the software interface and a contact book that gets staler by the week. The server racks are hired in as are the transcribers and translators. It is clear that the market research expertise is also bought in from outside. On top of that this is not the best time for foreigners to be trying to sell services to the Americans.
I see in Black and White that it's not just 50p but 50p in the next three weeks! There does seem to be a fair bit of wishful thinking mixed in with the crystal ball gazing. This is only video storage we are talking about. I'm also not convinced that once the base costs are met then everything is profit thereafter when there are customer directed subcontractors involved.
Unfortunately, the current software is all about video cataloguing and storing not AI based analytics which is where the growth is taking place. I won't dignify the 240% growth with a comment other than to say it's from an extremely low baseline. 1600 of video upload was worth £320k turnover. That was loss making. Still, hot air does keep a balloon floating for a while so everyone should keep puffing for a while longer here if all original investor s are to cash in their gains.
Yes, an interesting question. If the 4.8m was money being laundered then the Cornhill 2015 placing funds, approved by the Board and advised by Cornish, were mixed with what was left after the gift to All Maram. That means that the Big Sofa funding belongs to the Kazakhs too because that's the way it works when money laundering gets found out.. Of course the Kazakhs might be happy to let us keep the lot . Let's hope Reynolds, Lee and Turney have managed to convince them not to pursue us through the courts. They can tell us all about it at next month's EGM!
I'm rather more concerned that the Kazakhs will want their "fell off the back of a lorry, Gov" 4.8m dollars back.
Friday, Trump inauguration, morning stalemate. What a great afternoon in prospect for a debt ridden, low revenue, high wage bill, foreign company trying to sell video hosting to the yanks. I wouldn't want to be in at lunchtime never mind over the weekend.
There is an EGM to discuss strategy to take place by Friday 10 February with the circular due out this week. Might be worth emailing the action group once that's been published.
That's an awesome amount of video to be uploaded and transcribed. The current Big Sofa price list is available on line. They charge £200 for uploading an hour's worth of video and if you want transcription, in English from English probably, that will be £300 an hour. Automatic transcription is still out of reach for script read material so Voxpop is way in the future. Those transcribers don't come cheap so Big Sofa has recruited some zero hours contractors of its own. Students, housewives, non executive directors, that sort of thing. Unemployed Jesuits. Lots of those in Allentown, Pennsylvania.
A bit like Environics Research then. So not only expert third party out but also gambling third party out. Still, no doubt that new contracts news is being held back for a good reason.
Using technology for a couple of years and making increasing losses all that time. Still no announcements of new contracts and no explanation of why the Canadians at Environics decided not to participate. I think that their CEO is better qualified than any of us to understand the technology and the offering not to mention the north American market. Meanwhile the Takeover Panel has deliberated and determined that the main investor in BST is both an inveterate liar and an incompetent as Mr Winnifrith kindly pointed out on his website yesterday.
You need to contact Ben Turney. He's about to be appointed as shareholder rep on the board and has opened an on-line constituency office. Check out his Twitter feed.
Putting his money in XTR.
You have it wrong there, the NWOG Action Group supported the Big Sofa deal from beginning to end and some have invested in the subscription or so I believe. What did it was a change of mind by the BS Board after they were told about the so called legacy issue. I reckon there was a delay between being told about it and deciding to back out and that accounts for the £100k rebate of NEW's legal expenses. I imagine NEW's costs were much more than that overall but as the Board knew about the legacy from day one and before, that's NEW's problem. It also helps to get a deal when you are on both sides. Sorry, a related party I mean.
Old hands here will know that I have never had confidence in the Big Sofa proposition. I don't believe that the Lidington Lynch address book is worth anything at all and I don't find myself being persuaded by the Hubco Admission Document to change my mind. I could mention the losses to date and the list of stale blue chip customers that were clients all that time. Instead, I will just point out that trade investor Environics (£500k) has voted with its feet by selling to insiders ahead of admission. A vote of no confidence that says so much more than the fingers crossed approach found everywhere else in the circular IMHO.