Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Researching ‘environmental’ concerns :
Timor-Leste has one of the highest smoking rates in the world. About 60.7% of adult males and 9.4% of adult females used tobacco in 2020. The tobacco prevalence among young people is similarly high: about 42% of boys and 21% of girls ages 13-15 also used tobacco in 2019.
Timor Leste has the highest rate of poverty in Southeast Asia. More than 40% of the population lives below the poverty line and it ranks 147 out of 187 countries in the UN's Human Development Index.7 Dec 2022
Timor-Leste has one of the youngest populations in the Asia-Pacific region, with a median age of 17.4 years - 74% of the population are below the age of 35 years. Timor-Leste is a Least Developed Country and is heavily dependent on gas and oil extractions.
Could perhaps be argued that TL not being developed courtesy of external global attitudes to environmental concerns is then likely to be ignored & result in a quick rubber-stamp from the 17.4 year old squatting in his/her granny’s shack..
Whichever view one takes, seems rather incredulous that some can suggest that TL’s environmental concerns will delay any purchasing arrangements.
Thanks Antha, but as per my earlier thoughts, IMO no one can claim fraud until very recently: the wearables were just simply very poor design productions. The hyped statements by ABH at that time then can not constitute fraud (rather were OTT hyperboles as per all entrepreneurial activities). Extremely difficult to then chase fraud as the monitor actually existed (Albeit on par with a Disney production).
Exactly the same hyperbole received from elder bro & at a similar cost. Lol but 2017 was rather an expensive year for schooling. One then simply learns & moves on.
There is though now a completely new and different metric at play here. Which then saw a colleague awakening me to the ‘company assets being sold’ from December 2021.
A totally different metric from the earlier wearables. Which perhaps some of the sharper & more earnest Pi’s might then conclude, that there NOW exists a much higher probability of a good case for fraud.
Saddened to hear that. Hopefully some verification of the current situation will give encouragement.
With attempting to get some clarity and eventually closure to imv the irresponsibility that has been Amit Ben Haim’s legacy there has now arisen two sets of occurrences which then appears to fall within the parameters as asked for by the Serious Fraud Office :
1. the serious issue of ‘harm affecting several victims’
2. company assets being reportedly sold for x millions which then meets the SFO statutory remit ‘in the tens of millions of pounds or above’.
Peeps need to wake up and take note of what is occurring with ABH and his posted ‘company updates’ since December 2021, with respect to possible transgressions of the guidelines set by the Serious Fraud Office that are occurring.
You should be formulating & collecting data for compiling your own reports and then forwarding these to the SFO via their easily accessible portal. It costs nothing. It takes you less than 30 minutes.
Unfortunately it doesn’t take much reality to then realise that 99% of investors will have allowed the sic ‘evidence’ to be erased.. Just how many took screenshots of the company posts from the cloudtag.com portal inclusive of the copyright statements ? At most, only a very small handful of investors were likely awake to the new circumstances arising from ABH having quoted that assets are being sold.
Probability of success with SFO ? Then bearing in mind this is an ex Chief Constable of one of the shires, which when tied in with the recent published very poor success rates in fighting crime in the shires and so again peeps should be sitting up & considering similar reporting to try enhance any probability of success.
Thanks. For some earlier ‘technical’ exploits, the feline term then occasionally referred to, was “tiger”. But cat amongst the pigeons for this tasking is quite apt. Most sane peeps realising the total absurdity of the current situation.
The kindly heads-up recently received, cautioning that ‘….is ruthless and takes no prisoners.’ then simply resulted in a small chuckle having been known occasionally to reciprocate these sentiments, even with the currently damaged knees. Have always sourced a way to get in close under the radar. And get results.
Wonderful metaphor earlier today ‘..that HE1 has put the defibrillator on the AIM.,’ which is perhaps an apt analogy for the current state of the small cap markets, that when revived they now jump up alive & kicking. Guessing the MM’s / brokers have done such a shoddy job of keeping any semblance of a balanced market that there will still be further displays of volatile reactions to come. Baron is certainly not on the mortuary slab, lol but perhaps being in a coma (20 years+?!) with the occasional wild dream, is maybe close to the mark.
Confident AY, AB & TG will then administer a suitable tonic. Lol but hopefully very soon. The patient is most definitely twitching.
Guessing that he has had his erse kicked.
Hopefully he now starts behaving.
A verifiable update would put all this nonsense to bed.
And so any investigation will then simply reveal that it is the website that is the fraud. And that website will then get closed down..
So how is everything in La La Land today ?
Cloudtag.com
‘the computer says no’
Thanks for the info ‘84., I’ll hopefully be able to see those time-stamps tomorrow next to an update stating the names of any UK brokers that have been contacted…
Fingers crossed bud.
For time frames IMO I don’t believe any defence lawyer could put fraud occurring before the last 2 years :
The earlier incarnation of CTAG was the wearable monitor & this was then displayed at tech shows. It is irrespective wether or not it was crap design as most reasonable investors could see that an idea had been put into production, albeit very poorly. So not fraud (Hence why i refused to join any Pi groups seeking redress. It was ultimately a crap design so just own it).
Maybe though the clock for setting the fraudulent behaviour could possibly start from Feb 2019 (exactly 5 years ago) when a voluntary delist from Companies House was performed by Cloudtag. I do remember a lot of good peeps wanting to chase ABH around this time for the £9M squandered (imv) on the above crap.
2 years later in Dec 2019 investors were pleasantly surprised to learn that the company assets were being sold. And shortly after then informed that this was generating $275M.
There was at this time no hint of fraud : investors previously had written off their losses and now quite excitedly were led to believe there was a possible big change in the company’s fortunes. Who on earth would possibly publicly announce depositing $275M in escrow accounts & then totally fail to produce a single detail, other than a complete mad man ? At that time, this was an exceedingly remote possibility hence no one had suspicion of fraud.
Fast forward over the next 2 years and the multiple ‘…need/failed/trying to contact..’ and slowly it was dawning that there was fraudulent behaviour occurring. The realisation then fully set in after receiving an email early December stating ‘..Amit was delaying transactions to try earn an extra 2% on the payment/s for interest incurred..’ & then followed by the latest company statement of ‘miscalculation by a UK broker’ which totally 100% contradicts what all the UK brokers have stated ie. there has been no contact made by CTAG which sadly confirmed IMO the fraud then occurring.
ABH plus a team of lawyers could likely make mincemeat of any Pi fraud claims :
“.. where a case involves fraud the six-year limitation period commences from the earlier of (i) when the victim became aware of the fraud or (ii) when the victim could have discovered the fraud with reasonable diligence. This secondary limb is where unfairness can arise and where defendants, and their lawyers, make hay.
Here, the defendant will seek to prove that the victim could have been aware of the fraud at least six years ago had they acted reasonably. It doesn’t matter that the victim didn’t in fact know about or wasn’t aware of the fraud. It is an objective test which considers how a reasonable person carrying on the relevant business and with reasonable resources would have acted to discover the fraud…”
Hence send in the big boys from the Fraud Squad
And who are NOT always limited by the 6 year rule.
Interesting that the Cloudtag website has been off-line for all of the day. As per 1984.’s probability equations then there is a good possibility of an update arriving ?
Would 24hrs+ off-line be exceeding the normal time frames when the updates have previously arrived ?
Fingers crossed & tomorrow that HL &/or IG &/or the Halifax &/or ANY of the UK brokers then confirm that Amit has found his phone.
Https://www.offshore-technology.com/projects/barossa-offshore-development-project/?cf-view
‘..Project financing
The project secured $1.15bn in debt financing for the construction of the FPSO from a syndicate of nine international banks in August 2021. The lenders include Korea Development Bank, United Overseas Bank, Clifford Capital, MUFG Bank, Natixis, Oversea-Chinese Banking, Sumitomo Mitsui Banking, ABN Amro, and Cooperative Rabobank…’
lol, okay so perhaps Horta could have jumped on a boat to meet most of these big boys.
My wild guess…is that the Pope wants a slice.
‘.. All these meetings Horta has done around the globe, nothing seems to come out of it! ..’
Try consider out what Might be happening behind the scenes perhaps assisted by some searching, eg.a like-for-like comparison with one of our neighbouring new developments :
Santos’s Barossa has a consortium of 9 lenders all centred on international banking in addition to 3 financial supporters who are also international banks. This requires a lot of air-miles. And then generated the c$5.5B that gets the field up & running, inclusive of the $1.25B spent on a FPSO.
Doing further comparisons highlights Barossa’s reserves at c.380M boe. Someone on here recently posted Chuditch’s main field at c.190M boe plus a wee bit more than this in the 3 additional fields (soz, can’t remember the boe figures), which then shows that at a minimum Chudditch could easily set up similar FPSO.
Hence perhaps, Horta’s many many Air Miles ?
Now put the above consideration & tie it in with TL Central Bank’s recent ‘cancellation’ of Timor Gap’s $650M debt and of how that is now credited with an extra $1B on their petroleum fund.it does then appear that the local bankers are well pleased.
“… Not trying to be negative it’s just an opinion that should be discussed..”
And strangely it has become the ONLY opinion that you consistently raise.
No mention of Horta’s meetings ?
No mention of Central Bank accreditation given to TG debt ?
No mention of Any positives.
Allenby 24.01.24
“.. Well cost: A prospective Chuditch-2 appraisal well is estimated to cost US$32m gross,
including testing. Previously we have assumed that Baron will seek a free-carry farm-in
for Chuditch and that this will necessitate conceding 50% of the equity. That would
suggest that Baron’s working interest might drop from 60% to 30% post farm-in..”
Anything is of course possible.
The broker report though will have a better understanding of the management perspectives inclusive of a good probability of ‘.. that Baron will seek a free-carry farm-in
for Chudit….’
That’s cool bud that you are spreading negative opinions on a stock that you allegedly hold.
Interesting history, with being regularly called a troublemaker on the UPL bb and here you are again, formulating your ‘opinions’.. ?
‘..no raise needed..’ courtesy of 150M extra shares at 1.2p each ?
Please keep your negativity to your own trading circle and I will then refrain from expanding the negativities that I know that currently cover my various stocks including Sarawak and would likely cause concern for those with extremely weak hands.