Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Bailey is worst we've had. Hes an idiot reacting to much to laye to all indicators. Put interest up too late now clearly gone to far as ave mortgage holder will be paying out 500 per month more once roll of fix rate. Even carney is very critical.of him.
His line about pay restraint showed what an out off touch silver spoon he is.
He needs to go he is top much of a risk for uk
Feehely joins The HUT Group (THG) from Soho House where he was Director of Investor Relations. Prior to Soho House, Feehely was Director of Investor Relations at ASOS.com
What a disaster this guy has been. Wonder what we pay him. He's ruined his CV
I think the case would be that shareholders of the sanme class must all be treated equally. This is underlying principle of law in the companies act abd takeover code. He can'legally give preference where he feels like it unless thehere are preferences withing the class of share . There are some very powerful shareholders in the 35%
This isn't intended to be a moulding rant but
...is there a clear steing case for breach of fiduciary duty here? The main legal test seems to be... has he acted in or against our interests?
When the new chairman was appointed there were statements made to the market on more rhan one occasion that a strategic review would be completed in 6 months. This was not done and a new date was not given so it could hardly be argued to be delay. Many would have invested or stayed in on this strategic review comment and the clarity it would bring given the mishandling of this.
Now 18 months on it's not been delivered, no new date given and many investors are complaining about its omission. You could strongly argue mouldings actions as CEO and the conteolling mind have gone alot further to actively create alot confusion with his implications of... this listing here, that listing there and there waiting for the other and linked in rants tat ckearky undermined the entity histing his investors. The case fur delay in oremium listing has not been articukated when it coukd be dine now.
This has clearly impacted share price which could put moulding in a personally advantageous position for an MBO or VC sale which he has a new vested interest in at the expense of mainly the 35%. There has clearly been a loss suffered because of this. As CEO he has neglected as a minimum or worse actively brought confusion rather than the clarity he promised.
I'd like views on this from those more familiar with the companies act but a corporate lawyer I've spoken to thinks it's a good case for breach but clearly the timing of any action would be better after a corporate event than now
It's simple. It's a trust problem.with 7 guidance misses in a row and last years result shocker with 500m write down. Plus the the q4 trading miss when 6 weeks befilore they wre saying all ok. Plus the promised strategic review from chair must now be a year overdue
If I approached my job like this I would not be trusted probably fired a while back.
I think you need to read what you said. The fact we put our own personal wealth into these people to pay their wages together to deliver the baaic fundamentals of results for us very much entitles us to to have opinions. The fact you challenge that is bloody bizarre. If you accept our money then you accept our opinion.