Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Granted. One could argue some of it was under the Endurance heading, however. It was all initiated by Regent who just passed the hat and have taken it back again....
Reasons for the Change of Company Name
The Board considers that the change of Company name back to “Regent Pacific Group Limited” is more appropriate as the
current name has led to confusion of the Company’s image and brand among its key stakeholders, and furthermore the current name is failing to stand out. The Board, therefore, considers that reverting back to its original name will more accurately reflect its business and future direction.
Certainly all a bit questionable.... Which key stakeholders want the name change? There is only one and he's the one who initiated the change in the first place. "Failing to stand out" surely Regents past history for misleading shareholders. missing all their own milestones and failing to get the product FDA approved in a timely manner, due to incompetence, is something they really wouldn't want to draw attention to...... :-O.....lol
Given the rise today, keep them peeled for any announcement activity this evening (HK time). Pure speculation on my part, but why not given the recent rise……it could be a possibility ;-)
For a short moment it even touched the dizzy heights of 19+%, yet suddenly dropped back to 9%. Certainly some heavy swings on low low volumes....
Well another 13% rise as I write, plus the other 3 days of constant rises and contrary to my historic expectations. This surely could make one think there has been a leak of positive information (on purpose given the few number of employees in HK who would be willing to risk exposure? ).
It certainly makes one wonder if there will be an update prior to the interims being released. I certainly would play my hand on the China submission (more likely since we then wait 9 month to a year, if not sooner, for a positive result) or the Result of the FDA phase II closure and issuance of a SPA. (mind you, we would still have to wait maybe 3 years before there is any sign of FDA approval which could be even longer given its taken 5 years for the phase II to be closed out. And of course there is still a big IF regarding that one).
Interesting next few days or weeks.
Well another 4 % rise today. I wonder if the expected news on the China submission is causing the MnMs to slowly increase the price. Unfortunately it’s very difficult to call given the large swings on such Low volumes, however. Something’s gotta give sooner or later……but which way will it go…..flip !!!
Yup, not so many shares in circulation now. Just look at yesterdays sp. It dropped nigh on 9% on 10k shares (what was that about 630 squid). It will more than likely drop back tomorrow on a single or cpl of trades. Also, Asian markets today were up quite a lot….so I’m sure that too had some impact.
Thanks. And that shoed me the reason. My links were to the ERP website which I guess is frozen. I need to update all of them.
Morning The.Italian,
For some reason neither my laptop/desktop or mobile phone shows the profit warning announcement. Maybe you could post a ink here which should give direct location access.
Thanks
Just checked and there is no new update showing on my PC. Have they changed their mind.....lol
Morning. The.Italian,
I'm afraid that's what I was expecting
I actually sold out too as I feel the announcement far too vague and they are trying to pull the wool over investors eyes regarding the not giving out any real figures. They have done this before. So like you, I wait in the sidelines.
Morning the Italian
I see FUM now have a US agreement with the offshoot of GSK,
It certainly wasn't the explosive rise some were hoping for which could indicate it was already priced in. That said. 4mill up font payment and royalties on sales (no % given) is a little vague.. Certainly could mean not so much confidence on a high %. Of course, only time will tell when looking at the bottom line figure which will indicate if royalty % is good or bad.
His last statement doesn’t quite fill me with excitement.
There are no guarantees of a happy ending, but it’s a worthy punt.
He would appear to think it’s not a worthwhile long term investment, but rather a short term “punt”. Hopefully anyone reading the article is greedy enough to consider it rather a worthwhile long-term investment.
Morning chaps,
Of course it’s doable. One only has to look at the numbers. Current market cap is 15mill squid. 1500% is x15. So 15x15 = 225 mill which is not a lot if they finish what they started. Optimistically, they should be able to achieve this just with China if their penetration of the 9mill sufferers in the first year is probable. Even with only 2 mill sales and 50 usd/can (it’s actually more than this according to their announcements). That means 100mill usd which rpg gets 25% +.
I cannot help but feel that they may just sell more than 2mill since they know their own market better than anyone else. Obviously just my opinion, but what matters is it’s all very doable and from a different source than possibly we would have thought a few years back.
And again, I point out, it’s because it’s out of the hands of monkeys.
Certainly some strange goings on. 0.77 for 10k (1 lot) of shares, yet only a couple of days ago they were going for less than 0.6. Are the M&M's now marking up the stock on the expectation of news (even sell price has increased) ? I could understand it if more shares were involved, but single lots !!!
Oh and If I am not wrong, the current market cap is approx 10% of that following the PLE TO. (152mill squid vs 15.7mill).
JR87,
If I am not mistaken....following the PLE takeover our holdings were reduced to 65%, After the DLI takeover they were reduced by a further 23% = 50%. After the recent 1 for 1 placing, our holdings are now at 25%.
It was worse for an RPG holder who had 35% after the PLE takeover. They now have, if there are indeed any remaining. a colossal 13,5%
Definitely an increase in shareholder value..... NOT
I exclude the additional shares which could have been placed to pay back JG's loan after the Yooya debacle since I am pretty sure , given the deal was based on an SP of 0.25, he wanted the money + his 4.5% interest, as he knew there was going to be a placing and why not get the money back which could be used to easily cover his part of the 1 for 1 placing. I wonder if that could be considered as a form of insider trading !!!!
I'm sure if my figures are wrong or I have missed any additionals, someone will pick it up.... :-)
Morning The.Italian,
Only if it’s made of cheese, preferably Wensleydale, with a few sheep thrown in for good measure…. Lol
Just the change in company name......Working hard to increase shareholder value.....lol....NOT