Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi Bottom, It's too early for the company to spend lots of money on driving customers to the restaurants, over and above what they are currently doing on social media, till they have a decent number of restaurants in major cities...it would be a waste of money...that's why it's wrong for investors to get fixated on revenues at this stage...we all recognise more money will need to be raised in the autumn but hopefully the share price will be substantially higher than where we are now so dilution will be low..what will drive the price higher will be evidence of restaurant numbers growing and so far so good.
now it does seem like the new CEO and team are starting prove themselves..they have basically added almost the same number of restaurants in one month which took a year under the previous CEO...so long as restaurants are being added in an fast way then we should be happy. It's too early for the company to spend lots of money on driving customers to the restaurants, over and above what they are currently doing on social media, till they have a decent number of restaurants in major cities...it would be a waste of money...that's why it's wrong for investors to get fixated on revenues at this stage...we all recognise more money will need to be raised in the autumn but hopefully the share price will be substantially higher than where we are now so dilution will be low..what will drive the price higher will be evidence of restaurant numbers growing and so far so good. One poster on LSE came up with this idea: 1p = 100 restaurants, 2p = 200, 3p = 300 , 4 = 400 and so on . As of today, we had 287 restaurants...also, bear in mind, I hear that we may start to get the chains appearing in Feb trialling in specific towns...if so, that would add momentum too...i think it's healthy that the share price has corrected today..I always worry if it goes up in a straight line..a period of consolidation, unwinding overboughtness conditions is good..also, it flushes out day traders aswell. GLA
The way I look at it nothing goes up in a straight line a bit of consolidation around this 2.5 to 3p level is no bad thing. A flush out a lot of the speculators and short Termers is a good thing.. we need to consolidate to build up a base for the next rally