Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I am a MAST holder losing a substantial amount. Regrettably I don't think for a moment that there is a cat in hells chance of this team honouring this agreement. Ok it goes to court and MAST wins the case, will these charlatans pay? and that is if they go to court. More than likely they would disappear off the face of the earth. possibly with trading gains from a market which has been well controlled by themselves.
All in all a very sad state of affairs.
Aspers, you are not on your own in getting caught out here and yet still buyers keep coming into the market , 2 this trades this morning taking up 500K each and what about the director putting in £80K not long ago. That must raise a question as to the competence of the BOD, unless of course his judgment is quantified in the near future and we all get a pleasant surprise...in the meantime no more of MY money is going into MAST!
If the funds aren't received today then I can't see them arriving at all.
Proventure will have made fools of us all and lost their own credibility
in the financial markets.
Of course there is the possibility the funds could arrive soon...but what a
partner to have in our company!
It looks like we have been well and truly conned...just another day in the life of AIM!
...but this time by a foreign company with no London listing.
How did MAST get taken in when I believe they said that they had confirmed the money was in place?
PROVENTURE GLOBAL (is this the entity that Mast were to have a joint venture with?
Proventure is one of the fast growing multi-dimensional Enterprise spanning its activities in diverse areas of business. Major divisions include Renewable Energy, Infrastructure, Food retailing & Franchising, Trading and Fancial Services Consulting
The Group is driven by young and passionate entrepreneurs with a proven experience in international markets supported by professional & committed team which makes Proventure the most preferred partner for its global clients and associates.
Mission
Proventure aims to connect the dots across the globe while creating and multiplying the value through diverse businesses driven by continuous passion for growth and excellence.
Leadership Team
SRINIVAS KONA
CEO & FOUNDER
Graduated from RPFU Moscow, Russia as Engineer. After Graduation he started trading business and had launched good garment brands in Russian market such as Alexandro, Capdenal etc. He comes with 15 years of experience in international business and he is founder of brand Pollito’s and other brands in F&B in Proventure Group.
Cando66, agree there. If they were intent on paying this money it would have been paid by now.
I can't understand why they came to this arrangement in the first place and then leave the market in all this uncertainty, cannot be good for the company which they were going into a joint venture with!
If the Interim Payment is however received before or on 15 November 2023, MED will waive any late payment penalties that have been incurred until that point in time. Notwithstanding the extension of the Interim Payment deadline as referred to above, the JVA completion date and the payment of the balance of the investment due of c. £3.9m is still expected by around 30 November 2023.
No notification that the funds have been received on the 15th so it looks like they are due to MAST from the 11th...Best of luck to MAST!