Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yep, £10,297 invested, now worth £297 if sold, over 97% down. Takes some doing that.
Yourgene Health have put out a trading update today in which they say that their audited results will be announced later than previous years due to a longer audit cycle resulting from regulatory and resourcing challenges in the audit market. It could be that those same challenges are causing the delay here. This is not the only company that is a bit late in publishing audited accounts.
Yourgene Health have just put out a trading update in which they say that their audited results for the year ended 31st March 2023 will be announced later than previous years, due to a longer audit cycle as a result of regulatory and resourcing challenges in the audit market.
It’s possible that such challenges are also causing the delay here.
“Fair market value” (and yes, the word “fair” is there in the agreement) means exactly that. It does not, in my opinion, mean some arbitrary multiple of some volume weighted average sp calculation. We all know that the share price/market cap of any company at any given time can be totally disconnected from the true or “fair” market value of the company.
The result of the court case was always going to take a long time to come out. Frankly, the best thing about the news is that legal spend is now over, at least until the judgment comes out. My own view is and always has been that the court case is a bit of a distraction in the short term. If we win, it may well help with take up of the tech, but I doubt very much if significant damages will be awarded. We have enough in the pipeline in the short term to transform this share without the court decision if the company’s recent statements are accurate.
Gets money in the bank to deliver pipeline without immediate dilution. Hopefully they will pay off the loan, or refinance before the conversion in a year and a bit, thus avoiding dilution at a discount. I am reading this as a short term cash flow fix. Good that we have a hearing date this month for the court case. Hopefully, they are saving some good news on revenue in Q1 and the rest of the year to put out with the prelims.