Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
They were evidently not as promising - or as well advanced as Igor would have us believe. The new T42 narrative starting to look like wishful BS IM(typically cynical)HO.
Market leader aspirations were always far fetched/fanciful given historic sales performance.
Some news on those existing distributorships is disturbingly outstanding. Faith/sentiment is being eroded by silence.
…and no progress updates on the other 16 projects or so, that got dusted off and declared for the purposes those last raises…
I remember him signing another in Africa, subject to a bit of local ‘re-organisation’ which is presumably still ongoing 2 or 3 years (who cares?) later.
Pete seems to be afflicted with some kind of anti-Midas touch.
Give him a pen and he’ll show you a delay. Usually indefinite.
Because there’s been no growth - the contrary in fact. They’ve gotta demonstrate to the market that the new strategy has merit and significant revenues will materialise from the two fuzzy wuzzy distributorships and much trumpeted pipeline.
Myles returning interest of (2nd or 3rd time?) of just c£20k-ish isn’t going to sustain a rise.
I think that’s about as close as your gonna get, to an acknowledgment that a coal fired power station ain’t going to happen - so what can we rescue from this drawn out debacle?
They’ve undertaken a rebrand - which all went off a bit half ****ed.
They signed off two enormous distribution agreements that were both anticipated before Y/E ‘21. These came out of a record pipeline.
The new focus was thought to be supported by an 18 month tech advantage honeymoon period - with rapid adoption and growth facilitied by a new discounted up front cost v enhanced SAAS
Since then, no news of any deliveries or revenue to either party
No new contracts from that much vaunted pipeline- or new enquiries generated by the signing of SA or USA.
In addition DHL went mad and treated themselves to just 32 units and nothing since.
These levels of activity and ‘news’ are not compatible with the new market leader aspiration narrative.
What’s really an insult to investors - is RNS’ing two contracts, nearly a year ago and neither happened - nor is there news of developments on same, one of which was a formality.
Will declare victory/war over on May 5th - a big day already in that deluded nation. I think the sanctions will go on a LOT longer - until he is bank in his box and out of Ukraine in its entirety.
as we hurtle through our 18 month tech honeymoon period on our journey towards becoming a market leader in world container tracking - whilst keeping it under the radar.
Clandestine is obviously the way to do it. ;-)
With respect, if they elected to RNS the sale of just 32 poxy units - then any significant new order would surely justify same.
Of course - if Multi billion dollar DHL go on to order 32 at a time then I’d hope they’d (our BoD) save the cost of an RNS - and we can forget DHL as a project.
If we are on track, whizzing along to those aspirations of market leader, or whatever it was, we are six months into our 18 month honeymoon period and haven’t had a ‘jump’ for 2.
If we are to wait for interims for any comms - then those aspirations were deluded.
Well, they’d been trialing for over six months, awarded a certificate of excellence and declared us a preferred supplier.
Then ‘ordered’ 32 units. Extracting the urine in my view.
If the relationship and expection was built on sufficient confidence - we’d just give them 32 Lokies FFS. It was embarrassing.
We are now at 9 months of trialling/POC. That’s more than long enough. It’s only a bloody padlock!!
If there’s nothing meaningful in the next RNS (that’s not caveated to death) then DHL is another non- starter, IMHO.
Hope I’m wrong.
So much going on, allegedly, yet nothing tangible to report for two months, in the way of progress/new business, is very disappointing.