Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Does anybody know why he bought these shares? No. As an investment for himself. As a gift. Just seemed like a good idea as the price is low. Because he can, there being nothing going on to stop him. You can guess and speculate as much as you like but unless he tells you why he bought them you are wasting your time.
Yes it's a great shame that so many have sold their shares, not based on the molecules they have developed, all still showing great promise. No one could know what other individuals in other companies may do. Hand the deal back, that was not expected. It is very unfair to blame Sareum for not predicting the unpredictable.
There must be a better way to bring drugs onto the market. At times I think the only importance of any drug it's how much money it can make. I wouldn't be surprised if there are many drugs that could treat less prominent conditions languishing in the drawer because they would not earn billions in the marketing. Also drugs as Sareum are working on are held back through lack of funding. There must be a better way.