Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
This situation is not unique. Look at Critical Metals as another example.
Shares suspended 20th May 2021 due to reverse takeover of DRC.
9 Mar 22 RNS
'The Board is cognisant of the frustrations of shareholders to the time it is taking to finalise the Proposed Acquisition. The Company has experienced unexpected delays in a large part to the asset being in a non-English speaking jurisdiction, which is therefore inherently more time consuming and often complex. As we have noted before, the management team and legal advisors in four different jurisdictions....All key advisers continue to advance workstreams in relation to due diligence and application for readmission to trading on the Standard List, including the preparation of a Prospectus, is at an advanced stage.'
4 Aug 22 RNS
'Progress towards Re-Admission continues and the Company expects to be in a position to update shareholders again in the near future.'
Yes, of course it's frustrating having money tied up for so long and, for sure, Dev Clever could have issued more re-assuring platitudes, as shown above, but the company is going through a very tedious, complex and frankly boring process with the FCA. Hopefully, there's a light at the end of the tunnel now.
I chose to deal with the situation by doing some research on the company and posting anything interesting/relevant I might find. There's plenty of info out there, if you're prepared to look for it. I have friends and family who are also invested here and it's as much a 'blog' for them, than it is for any other purpose. Others chose to deal with it in a different way, which is fine, it's their choice. I just think it's a bit of a fruitless exercise banging on day after day about the re-listing process.
Could be worse, Afentra suspended shares Dec 2006, they just resisted today. 65% up as I speak. We can but hope -:)
The role of Chief Ramping Officer has been filled, I notice.
The role of Head of Company Bashing is still open.
Perhaps somebody on here would like to apply.
333 Employees, with 4 New jobs advertised today:
Visual Designer
LaunchMyCareer
Noida, Uttar Pradesh, India
On-site
5 hours ago
Customer Success Lead
LaunchMyCareer
Noida, Uttar Pradesh, India
On-site
5 hours ago
User Experience Designer
LaunchMyCareer
Noida, Uttar Pradesh, India
On-site
5 hours ago
User Interface Designer
LaunchMyCareer
Noida, Uttar Pradesh, India
On-site
5 hours ago
Sunak promises artificial intelligence in schools to reduce teachers workload.
https://www.independent.co.uk/news/uk/politics/sunak-truss-education-artificial-intelligence-conservatives-b2139853.html
https://twitter.com/EvertonRob1/status/1549357174345928705?s=20&t=2sUQKamfefKJM-0AEPQzZw
In this tweet, Robert Johnson suggest £75 per premium subscription. Don't know how accurate that figure is.
But, if accurate, that would be 3.5mil * 2.8% * £75 = £7,350,000
(Dev's actual conversion rate is currently 2.8% - See RNS 19 Jul)
Not sure @daramunda. I think figures have been banded about by RJ on twitter in the past and I think a previous RNS related to CSC Academies mentioned something about premium subscription costs (which is what I suspect RJ was referring to). Would have to look it up.
Supposing we reach 20 million youngsters with the LMC platform (a conservative number when compared to Alan’s 50-60 mil suggestion) and 25% (again conservative, I would suggest) of these youngsters ‘stick with the same bank’, that equates to 5 mil young adults consuming Dev Clever own-branded online courses and programmes. When you consider that upGrad expect to generate $400-500m revenue from a 3.5 mil user base, this is where I believe the big revenues will be generated by Dev Clever in the future.
And, not to worry, we don’t have to wait for all these youngsters to grow up, we’ll be generating revenue from our own fair share of the ‘direct to adult’ market for online content in the meantime, not least, I suspect, from relationships with Telco companies the likes of which Alan Greenberg referred to in his interview.
upGrad article – 08 Aug 22
https://www.theweekendleader.com/Headlines/77260/higher-edtech-platform-upgrad-bucks-trend-raises-rs-1670-cr.html
2/2
Having just raised $210m in funding, Indian EdTech firm upGrad announced this week that it was on track to record $400-500m gross revenue in FY23, out of which about 45 per cent of total revenue will be realised from its own-branded online courses and programmes. Started in 2015, the edtech platform has a learner base of over three million across more than 100 countries.
So, upGrad will achieve $400-500m revenue from a user base of approx 3 million.
According to Alan Greenberg, LMC has already on-boarded 3.5 million students. So, why aren’t we making $400-500m revenue, you might ask.
Well, LMC is distributed on a freemium basis (the product is free, with the option of opting for premium content). Currently, it appears we are earning money from approx 3% of these 3.5 million students, whereas upGrad are attracting income from close to 100% of their client base.
The difference is that Dev Clever is distributing a high quality, much needed, and in most cases free, age appropriate careers exploration platform directly to 1000’s of schools across India, aimed at children between the ages of 11 and 18. It’s a very inexpensive way for schools/parents/students to access a great resource that helps kids discover their ‘best selves’ in terms careers choice. In contrast, upGrad are distributing own-branded online courses and programmes to older students and professionals (lifelong learning).
So, let’s suppose Alan Greenberg is right, when he says the LMC platform alone could be serving 10’s of millions students (it’s a freemium product, so big numbers are achievable). At a 3% conversion rate, this in itself will generate significant income for the company, however, youngsters and parents (don’t forget LMC involves parents too), who’ve had positive, early, ‘in school’ exposure to LaunchMyCareer, are more likely to look to the same company for online courses and programmes in the future, when they reach an age where these resources become appropriate.
Let’s not forget, the on-line learning space is a very competitive market to operate in, especially in India. There is a lot of scepticism/mistrust about the quality and reliability of some online content providers. One reads daily complaints from parents feeling that they’ve been ripped-off by various edtech companies, “Lido” being a case in point. Propagating a sense of trust in the brand and a feel good factor with parents and children from an early age, offers a huge marketing advantage to the company going forward.
It’s the same strategy banks use…. to hook kids early, by offering parents incentives to open bank accounts for their children, knowing that a large percentage of those children will stick with that same bank throughout adulthood.
1/2
Oh, and to keep Alan interested, we've just give him his own little pet project with the Dev Clever App store "You-Learn.net" and "The Learning Hub" to be piloted soon by unnamed Telco company in a developed Western market and in an Emerging market.
This guy is a serious networking phenomenon. I'm guessing he might have a few contacts to push this platform.
And let's not forget, he recently said LMC platform alone could onboard 50 or 60 million people.
"Many commented the cover page, here is what the article said :
1. McKINSEY & CO estimate at 120 billion US$ metaverse-related investment, during the first 5 months of 2022."
https://www.linkedin.com/posts/casey-joly_metaverse-activity-6962288377740017664-0OCm?utm_source=linkedin_share&utm_medium=ios_app
Incidentally, McKINSEY & CO is a global management consulting firm to the world's leading businesses, governments, and institutions. Forty thousand employees around the world. Close to six million followers on LinkedIn.
Alan Greenberg is Global Senior External Advisor to McKinsey & Co.
Alan is also Board Advisor and strategic project development officer at Dev Clever Plc.
Quite remarkable really.
https://www.linkedin.com/posts/jon-hering_earlycareers-podcast-skills-activity-6962391749965008896-iXKm?utm_source=linkedin_share&utm_medium=member_desktop_web
Episode 3: Talking to Dominic Ryles from Exertis UK about Cyber Security.
New Podcast launched by The Inspirational Learning Group.
John Herring talking to early careers experts from Nat West and Airbus.
Will Airbus be the next big company featured on the LaunchYourCareer platform?
Worth a listening to John - very enthusiastic and inspiring Head of Business Development at Dev Clever (TILG)
https://kzread.info/dash/inspire-me-the-future-skills-podcast-live/a6lpwbiFaLm4pJs.html
Any kind of agreement like this would inevitably include a backstop date.
In this case, it's 6 months from the date the agreement was made.
It doesn't imply anything. There is an equal chance of relisting tomorrow as there is of relisting on 31st Jan 23.
Tweet got deleted and reposted:
https://twitter.com/LaunchMyCareers/status/1555537098911924224
LaunchMyCareer is pleased to have Heera Kunwar Sr. Sec. School as a new member of our extended family. We are thrilled to work in association with the school and give wings to the career dreams and aspirations of the students.
https://twitter.com/LaunchMyCareers/status/1555531600271757315?s=20&t=hJv8oL--cNWZVPh8yUa1mw
Interesting development, haven't ever seen LMC issuing this kind of tweet.
Heera Kunwar School's has a student population of 300.
https://www.heerakunwarpublicschool.com/about-us.aspx
Note, Heera Kunwar is a public school...nothing to do with NISA.
They are affiliated to CBSE.
"The Central Board of Secondary Education (CBSE) is a national level board of education in India for public and private schools, controlled and managed by the Government of India. There are more than 27,000 schools in India and 240 schools in 28 foreign countries affiliated to the CBSE. "
https://en.wikipedia.org/wiki/Central_Board_of_Secondary_Education
Well, it's Friday, so thought I'd just throw this last one in.
You'd be surprised how 'uncrazy' that idea is :-)
Yes, the last prospectus was about 110 pages long, as I recall, so hope we'll have seen the last of them!
Welcome back Bagzzz. I take it the golf didn't go so well. Your head's not been buried in the sand has it?
Only joking mate :-)
"A significant mobile user base: The way that India skipped landlines and went straight to mobile phones, it is planning to skip campus-based education and go straight to online education. Adoption of mobile devices will fuel online learning. With over 850 million people in India possessing mobile phones, and with a rate of growth of over 10 million each month, these mobile devices will serve as the classrooms of the future."
Courtesy @JD twitter.
https://twitter.com/Jordan243431/status/1555494727885234179?s=20&t=hJv8oL--cNWZVPh8yUa1mw
Enough from me, I'm all ramped out. Hard to keep up with it all.
Importantly, this also signifies a move into the state/public school sector, complimenting our penetration of the private school sector via the NISA partnership. There are 1.1 million public schools in India vs. the 70 thousand private schools under NISA’s remit.