Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
And it appears the offloading continues, although this time carrots are in short supply.
Margins will definitely be reduced through the outsourcing model, their pay bill will have gone down but they will be paying a lot to get the models cleaned serviced and shipped. Obviously, there will be no new models. Any income from brick live will be used to service debts and cover administrative costs, I just can’t see where there will be any growth.
If ranjit keeps selling then yes it will fall further. Has anyone considered that DC is ranjits puppet? Seems odd he always benefited but did sweet FA
However, this is likely to be though a share consolidation as they can’t raise funds at less than 1p
5p or 6p is coming
Have you considered that relisting was an opportunity for creditors and directors to sell shares and regain some money. An opportunity for DC to secure assets through his convertible loan? All at the expense of shareholders!
It is about supply and demand and there are creditors and directors past and present that will most likely be offloading. If those offloading exceed the number of buyers the price will drop until equilibrium is restored. That may be at 0.5 or 0.3, is the shareprice important? The assets they have will tick over paying debts and wages, just hope they don’t try and raise cash for more hair-brain ideas they can’t execute, or dilution will be massive at these levels. Keeping thinking about Startart if you want to know how much shareholders are valued and the motives of this company.
A lot of the rentals are to shopping centres who are already strapped for cash due to the shift in online shopping. Many of these are also council run and therefore cannot spend huge amounts let alone 150,000.
The largest sets that go to zoos, probably do achieve this, but far fewer.
Unfortunately DC is able to attract muppets/ puppets to do his hard work. You are making him rich at shareholders expense, it will dawn on people eventually
And DC now has his rights to recover his loan through the sale of our assets if it goes belly up. Convertable loans come before shareholders. He can’t lose. If you trust him remember how much he was selling startart for, we paid £1m for 16% of a business turning over £32k profit!!! And he wanted £5m for the rest
I wonder what happened to other investors like Jason Lee, we never got told. Pinch of salt springs to mind but hopefully I will be proved wrong
My worry is that as shareholders we cover costs, bricklive pays the bills and debts and DC et al just transfer money out. We don’t get a return and are expendable. This has gone from £1 to 0.7p under David’s watch, the previous form is very poor and with sells to come and further dilution is he going to buck the trend of recent years???? We are only one more mistake from administration and they can’t even get the month right for the GM in an RNS.
I wouldn’t trust them to run my bath after kpop, never mind running another kpop event
But bricklive profits must be less as it’s no longer in house and outsourced to all the people we sacked. I don’t think there will be any love lost there or good deals. Admin costs will be lower but we will have to outsource more. Costs will be similar I would have thought
But isn’t bricklive just going to be servicing the debt and administration costs. They need to pay wages and can’t pay in shares forever. Those paid in shares will need to sell, ranjit will almost certainly unload as will creditors. I’m worried about low liquidity and a lot of shares to be dumped. I’m not buying now but will of it goes to half the current shareprice
Unless the alternative for the creditors was £0, then they take what they can
What will happen when creditors are issued shares through the EBT? Will they hold?
From the webinar is anyone else concerned about David’s health? He seemed like a different person to on previous webinars
In terms of reporting, we used to get a half yearly report in September and annual results at the end of June. Does this mean half yearly results need to be issued shortly and we will get full results for 2023 in 3 months?
I thought the reporting was an aim requirement
Surely a lot of effort will just be put into servicing the debt. I can’t see how they will grow without raising more money or dilution. Nothing comes for free, is an investor comes on board they won’t put anything in without big dilution and the share price will influence the stake. I’m glad it’s trading again but want to know where Jason Lee is, what has happened with model production and will shares issued be sold dragging the price down?
Has anything changed or is the old playbook being used once again?
Surely an update is required, even if it is a brief extension