Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thelostcallsign - the issue isn't they wanted a fairer deal. the issue is why did they leave it so late. If the FCA didn't agree they should've said in the first hearing so things could've been revised within the same week. They let this go to votes and second hearing. We're not fools...we understand a fairer deal could've been achieved but the FCA either should've opened and opposed it or fu.cked off completely. In this company time is literally of the essence...daily we're losing money to run the day-to-day business and re-negotiations will take longer...FCA knew this and they do have an ulterior motive and that's not something a lot of us have not understood...be open be honest that's exactly what they should've done hence the backlash from the shareholders
FCA is bull****. And its bull**** people saying they want and know Amigo can offer a better deal. They want to see Amigo go so highstreet banks can take over with their premium rates.
If FCA wanted better terms for their leeches they would've got involved in negotiations when time was of the essence. For months they didn't step in. For months they didn't say to Amigo we will fight the package you are providing. They left it last minute so all the months that have been wasted going through meetings and meetings and votes and more meetings and awaiting for the court date to ensure they deplete all the days and weeks Amigo has left to run and fight for survival.
If FCA wanted any good it wouldn't have wasted such precious time when all the terms and offer was packaged to come several months later and say No we don't agree. Court dates aren't easy to get you can't just snap your fingers...you can't snap your fingers and arrange meetings with all your creditors and bond holders it takes time.
FCA just wanted a headline so it can survive...its just pr for them.
They should negotiate these terms asap...if the fca is chasing our market cap then let them as of todays prices which is the reflection on what they propose. The rise was a reflection on mc on what our board propsed. Let them have 15%-40% of this...no sweat
Lets get relending
Rather than a patent waiver why dont the top 10 countried in the world all pitch in 1billion each and allow free use across the world?
Theyre happy to give money away on other things but to save lives they think pharmas are going to go freebies?
FCA is not law. They cannot command a company to wipe out its shareholders. As far as I know fca are paid by companies themselves and not the govt.
So the irony is how can a company who is being paid by the fca itself tell the same company to wipe out its owners to pay a third party of leeches