Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
No one understands the Verde deal because its a Palumbo special, anything to raise a little more cash to keep his ego inflated no mind to the impact, He has no respect for the shareholders they are just a fat cow to milk when he needs to raise a tenner for the coffee round. Palumbo has to go and someone that respects the shareholders who have kept this company afloat for over 20 years needs to be appointed. Palumbo's an utter buffoon who will take the company down rather than admitting he should downsize and control expenditure.
Full year results are expected to be as shocking at the interims, it's the post period updates that will be of most interest.
If the prospect of delivering a pipeline of pipelines was so great smirking Palumbo and lies through his teeth vander linden should be mortgaging his house to invest at these prices. Both are just full of sh I t
@Simms45, we should be £50M+ no £4M i totally agree, but with Palumbo and JV Liar at the wheel PI's have zero confidence in anything the company says or does. These two must go if the company is to regain any credibility with the market as well as binning off verde and stopping issuing equity at these levels.
Biggest faller today Bushveld Minerals issued this statement regarding their "strategic partner"
"As previously announced, Acacia Resources Limited ("Acacia") was due to settle its subscription of US$3.5 million on or before 28 February 2024. The Company has not to date received the subscription monies from Acacia. Acacia is in breach of the terms of the subscription letter which it signed with the Company on 30 November 2023. The Company has instructed its lawyers to commence legal proceedings against Acacia"
This is exactly the RNS we will see at the end of May with Verde, although i suspect Palumbo is not savvy enough to have positioned EQT in order to claim for Verde's bulls hit
#Vote_NO_to_Palumbos_reelection
You cannot trust anything that tweedle Dumb and tweedle dumber say. If all the revenue we are led to be being raised is actually arriving and there is still cash available in the loan facility why on earth get involved with the likes of verde?
The other investors are obviously as sick and tired of Palumbo’s shenanigans as the rest of us, they clearly haven’t moved on the 30th June selling/conversion date, the way it’s going 50% or more of the company could be flooding the market if the strategic investors that Palumbo has dug up follow the Catalyst action and hold their shares for about a week before selling
What a sh it show this truly has turned into!
Remember vote no to Palumbo’s re-election at the AGM!
Ffs Palumbo just cut verde loose, they are making a laughing stock of you, how desperate do you have to be in order to put up with the likes of Verde doing this over and over again
Shockingly weak management even for smirking Palumbo !!!
Must be some bonus linked to raising this cash, happily it means even if they do actually complete which to everyone apart from Palumbo seems unlikely they won’t have their shares to vote for Palumbo’s reelection at the AGM
further to its announcements of 2 april 2024, 13 february 2024, 22 february 2024, 29 february 2024 and 11 march 2024 the eqtec ceo david palumbo will be touting his sorry **** around any ***** house that will offer him a tenner for his services, because verde have had enough of screwing him over, but he needs €50 for the lecky!
DFC have updated their Global project map
https://www.dfc.gov/sites/default/files/media/documents/9000116316.pdf
rate this is tanking, and the lack of any good news from smirking palumbo and lies through his teeth vander linden this will need another 100-1 consolidation before we get a penny from verde.
tweedle dumb and tweedle dumber have about 6 weeks to turn around any eminent of trust or respectability with the market.
full year 2023 results will be shambolic but it now comes down to post period updates and forward looking statements, on a regulated news release, rather than *******s from linkedin or twitter
moving forward they need to trim the hanger on’s that aren’t earning their salaries, they surely don’t need 27 staff a present.
palumbo must be desperate to get verde issued with some voting rights to get himself reelected as a director at the agm, if verde don’t cough up, he will be touting his a-hole to anyone with a spare tenner!
Whole of the stock market has taken another beating today, FTSE 100 down nearly 2%, with that in mind BRES has held up reasonably well, Will be forced to take some more if it does drop below 4.5p!
An absolute all time low, with Italy plant reportedly running (if you believe the hype), North Fork on the brink of operations, and a number of other plants generating revenue!
This just shows exactly how poorly Palumbo and JV Liar have managed the great "pivot", 90%+ down in a transitional year. and falling as no one has any confidence they can keep it afloat or won't take it private.!
Approaching £3M MCAP, if it gets much lower Logik would be better off buying the company than paying what they are owe, What an absolute Joke the management of this company are, shocking that two human beings consume more oxygen than they are worth. The great financial expert smirking Palumbo has destroyed this share and looks like the company too.!
Surely if either Palumbo or Vander Iiar had anything about them they would get out infront of the Verde/Catalyst debacle and attempt to steady the ship, without doing so they are broadcasting their contempt for the shareholders
smirking palumbo and "lies through his teeth" vander linden really do have a lot to answer for.
if verde fail to cough up again by friday and eqt still dont bin them off then that says a lot for the company's financial situation, i think we can safely ignore the bull**** from jv liar regarding wiping their own ****s every month with revenue.
the two in charge at eqt are just a pair of criminals, zero business skills and even less morals !
this unfortunately needs a change in management or appears to be terminal !
"DP and staff are also invested"
They haven't deemed it prudent to increase their holdings since the bloodbath caused by their partners investment strategy.
At the latest report i can find their holdings are:
YA: 2.1M
DP: 750K
JVL: 280K
IP: 72K
Apart from Yoel all of them put together hold less the £25K worth of stock, hence they don't really care what happens to the share price its all about cash for their salaries. The perfect storm of all their "strategic" investors selling at any cost has pushed us to the point of oblivion.
No number of LinkedIn reposts from the idiot JV Liar will arrest the issue, we need to see revenue growth and a commitment to not dilute any further.
@Almostdone, Yes DP continuing to issue equity to partners under his sphere of control would be a major issue with regards the 75% vote, the only good thing about them selling down constantly is they are not accumulating so the percentage he controls is not growing.
@Simms, Palumbo and Vander linden will screw up any update we get, they just can’t give straight answers if their lives depended on them.
Palumbo will be desperate to get the verde deal done because it will put another 20% of the equity in hands he can directly influence.
As with everything tweedle dumb and tweedle dee do news will be the last minute and ambiguous, leaving us wondering what the hell is going on once again.
Still don’t believe verde will happen, they are as dodgy as dodgy Dave our CEO, and clearly don’t have the funds to invest.
Roll on the AGM so we can vote Palumbo down as a director, his ego should take him away from the company altogether if that happens
They don't have the votes to delist at the moment (they require 75% carrying vote in order to force delisting)
They don't keep the registry upto date so it's difficult with all the shenanigans of off market trades to know just who owns what at the moment.
Everytime "Lies through his teeth Vander Linden" opens his gob, whether on LinkedIn, X or in person the share price drops by 5%.
Nobody believes a word you say Jeff, everyone looks at your posts and has to try and think what are you actually saying, what are you covering up?
Https://twitter.com/eqtec/status/1778709968042000729/photo/1
"Our cleantech gets ever cleaner!"
Yeh looks bloody too clean!, how about not sitting around polishing a turd, but actually putting some feedstock in those input conveyors, what an utter idiotic post, we don't want to see shine, we want to see dirty working equipment, not staff being paid to generate nothing again !
"i mean he is getting i’d say 90% too much yet there is nothing that can be done"
why do you think he has a smirk on his face every time we see his face?
realistically it's his ego that is catastrophic for eqt, he failed to stop investing in doomed projects with shareholder cash, he has failed to managed the cash he was given to pay the bills, and he has failed to size the workforce based on the work the company has on the table.
if we continue to spend cash on 27 high paid staff whilst not generating any revenue how on earth does he expect to pay the bills?, his answer is always sell some more equity, unfortunately for us all that vein is seriously running dry, pi's gave him £1.5k in the last open offer, hence he has touted his useless **** around the likes of verde and catalyst who don't give two thoughts to the health of the company as long as they make the pound of flesh.
verde won't happen now we all know that based on their history, so if we are in a position to palumbo must bin them off to gain any kind of credibility, another delay accepted would further signal desperation, and verde knows that unfortunately and are playing the idiot like a fish on a line.
Realistically to only way to penalise the idiots is to vote against their re-election as a director, one of them must be due for reelection this year, I think it’s probably Dilution Dave and Yoel that are due for rotation election this year.
With the II’s dumped and Catalyst selling down, as long as verde don’t get their bargain bucket shares by the time the AGM is due in June I think we have a good chance of blocking Palumbo from being reelected as a director.
Everyone needs to vote and clearly show him we are far from happy with his shenanigans
If PI’s can find this info on Verde with a quick Google search then it’s obvious Dilution Dave and co must have known of this history and didn’t care, “any cash at any cost” is Palumbo’s attitude to raising funds and this is w he what sees the share price at these levels.
Smirking Palumbo and Lies all the time Linden have to go, along with half the staff that haven’t covered their own wage bill in three years!