Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
In fact, here is the actual paragraph taken from said RNS:
"At the Board's request, and to enable the Company to conserve cash balances, Mr. Mitchener has agreed to accept new ordinary shares in the Company ("Ordinary Shares") in settlement of termination of his employment contract. As a result, the Company expects to issue new Ordinary Shares, at the then prevailing price per Ordinary Share, with an aggregate market value of £107,983 on or around 25 January 2020 (the "Settlement Shares") and a further announcement will be made in this regard, as appropriate, in due course. "
It was at the request of the SOU Board and definitely wouldn't have come from Brian himself. So don't think he is being all heroic by agreeing to accept his pay-off in the form of shares, of which a vast chunk of them will be sold into the market for tax saving reasons.
May I also take this opportunity to remind you that Mitchener is leaving SOU on 31st March. If the future at SOU was going to be so great with plenty of drilling and exploration, then why oh why is the Exploration Director leaving? The simple answer to that question is surely because there will be no further requirement for his services and potentially no further exploration or drilling. Maybe he was asked by the Board to leave due to his very poor results? Sent on his way with a pay-off in shares that right now, the market doesn't really want to own, unless of course your name is ps200306. Mug punters around the land will be raising a glass to him on February 14th, 'National Impotence Day'. Pack the blue pills, chaps. At least Trellis has an excuse for his floppy member. Blame it on the Rioja, I suppose.
I don't think so, Herr Krudenhoffe. What you have is the most expensive load of dust the world has ever seen.
Had to chuckle at that Snake Oil Man picture. I wouldn't even buy snake oil off him because he would have overhyped it most probs.
Destroyer,
No, I'm happy enough as a single chap. I'd probably end up being another Trellis is I ever dipped my toes into the world of marriage. Life's too short to get married and be stuck with one nagger when I can have plenty. Variety is the spice of life.
You lot are deluded. I'm keeping a very close eye on how things pan-out here and from where I am window licking, it doesn't appear to be all that grand. Anyways, I'm off to test drive another car and then onto the gym for my daily work out and swim. Maybe some of you should get a hobby. Hanging onto every word I type. They are MY opinions and not YOURS, so let me have my say. If you don't like what I have to say, then please filter me. Nuff said.
If you think there is going to be loads of drilling and exploration, then why oh why is hour Exploration Director, leaving on March 31st? And the shares he has been allocated, as per the recent RNS, he will be looking to sell into the market before he jumps ship. Charming! The rest of them have already lined-up their severance pay-offs and have pre-arranged dates for when they are jumping ship. The only one left holding the crying baby is Marco and that's because there is circa 30 million EUROS owing to his company. It's pure comedy playing out in front of your very eyes and there are still some amongst you who are holding on to what little hope you can find. It's desperate, guys and gals. Don't allow yourselves to stoop to these depths. If ever I saw a dead company then this one stenches of an imminent death. They must be bricking themselves about the SAG too and the work that Trellis is doing behind the scenes. It has surely spooked them and that is probably why they are grabbing what they can and bailing. It reminds me of that Wolf Of Wall Street film and ironically one of them has already ended-up in Switzerland.
February 14th aka 'National Impotence Day' is fast approaching and the vibe that I still get is one of doom and gloom and a no deal scenario. Pack those blue pills, chaps. I think you're going to need them. I can't envisage there being too much romancing going on that night. No candlelit dinners, no fillet steaks with béarnaise sauce, no large glasses of Malbec. Just faces being slapped, divorce papers being exchanged and broken plates.
Tick...tock.....tick....tock...…
JTF
KTF - instead of, "many, many multiples" we got, "many, many headaches / heartaches."
Instead of, "financial legacies for you and your family", I get to come out of a 6 year retirement having to work again when I should be sat out in Fiji sipping from a fresh coconut. Some LE that was, eh? What a joke!
You have to admit though that I am worth my weight in entertainment on this bb? If I can bring a bit of cheer and laughter onto this board, then I am doing something right. I chuckle at my own messages, so I'm certain others do too. I think you take life way too seriously. Others tend to agree from what I read. Going around filtering everybody means that you are missing the entertainment. Shame because it may make you more amenable to others.
ps200306 - I am surprised you manage to knock-out a reply these days, because haven't you filtered everybody there is to filter? Surely, you'd see a screen of "Blah blah's" as you put it? Unless of course you are talking to yourself, which is even more worrying? Filtered.
Did you see Crudehope star in his own film over in Morocco? It was like a cheap Carry On film. Carry On Believing. I think he was made for the big screen, or at least I reckon he thinks that. Who can forget the scene when he approached Parsons and Dees as they were having a private chat? The look on their faces spoke volumes. Priceless.
Dog With Fleas - KTF is "The Last Disciple." They'll be making a film about it when all of this is over. "The Last Disciple" sounds a bit like a 1970's Hollywood Blockbuster movie, starring Charlton Heston, but maybe our very own Kirk Crudehope could feature too?
KTF - I'm certain you are a decent chap, but just because you are invested in a share doesn't mean that things are always going to go to plan, or conclude the way you want it to. I try and tell it how it is, which sometimes on the face of it looks like I am dissing my own investment. Maybe you ought to adopt a similar stance? I admire your optimism, but sometimes realism is a more powerful force.
Good call, Jones. Trellis is doing some sterling work for you people. Don't disrespect him, KTF.
KTF is deluded if he believes a deal will be done by February 14th. I personally can't see there being one and if there is then I don't reckon it will be all that favourable for PI's. You only have to look at the evidence to date to see what the future "could" look like. With most of the BOD exiting, stepping down etc., then this is never a good sign.
No, we're not joined at the hip. Joined by the fritter, more like!
And there's nothing wrong about living above a chip shop. The snootiness of some posters on here is astounding. If you saw the panoramic view of the car park from where STZ licks the window, you'd probably agree.
Livin' the dream.
KTF,
Believe what you want to believe on this bb, or not as the case may be. I'd love to see the expression on your face if / when you meet me and my twin brother. I can assure you, that I have a twin brother, Simon. I still can't believe people on here are questioning this.
Not2Sure - you may recall I used to be invested in that dog of a share, 88E? I got out when the going was just about good enough with a small profit. Never again. They are running out of money fast and seem to sniff out dusters faster than SOU does. They never seem to get any luck and I suspect the bad luck to continue until a delisting off AIM.
Both of you ought to be discussing the likelihood of a share consolidation happening here. Am I the only one who has worked that out? Seems so. Ask yourselves how you're going to get from sub 2p to 70p? I'll give you a clue: not by the share price 35-bagging! Even Herr Krudenhoffe would class that as obsessive ramping.
JTF
Levelup - I can't see how you can even entertain the share price 35-bagging here when all you really need to do is look at the past and read the recent RNS's. Pockets are being lined and it ain't the PI's. It seems that the last bit of cash is being swilled around in the money trough before the proverbial hits the fan. As I said earlier, I'm not sure which one of us is the most deluded: me with my attempts at explaining share price consolidation, or you with your 35 baggers? It will be interesting to see if any of us are right with our assumptions. You must agree though, that share consolidation does look likely here?
And what is there to say about my window licking, thick as mince twin brother who should have stayed at the call centre, rather than attempt to sound technical about share price consolidations? He mistakenly followed my lead to reinforce a point that I made that was glaring with rookie errors. You couldn't make it up and hence why we are known as The Chuckle Brothers. #tometoyou
I don't know what is more worrying: my feeble attempt at trying to understand how share price consolidation works, or Levelup's supposition that the share price will '35-bag' if SOU should find a bit of gas.
Sorry, I meant 1:10 consolidation. I was getting the share price mixed-up with the number of shares in circulation. Either way you look at it, I think there will be a consolidation. I am just not very good at explaining it! Apologies.
Jizzy
And now that Parsons has stepped down from his CEO role, isn't he entitled to a severance payment commensurate with what was stipulated in the Clause that made reference to this? I believe it was 1.5 years of his salary? Somebody can drag-up the Clause and post it on here if people want to see if for their own eyes. The same too applies for JJ who may have been offered a pay-off in cash. It appears that BM only was offered his pay-off in the form of shares as they didn't have enough cash left to settle his fee. The RNS states that it was to conserve cash for the company.
People can now digest what I have said, **** me off as they usually do, call me names and then when they have had enough of doing that, can have a sensible debate about some of the themes I have raised in my thoughts of today.