Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Whispering: “… when payment is made …”
lol, and there he goes again! … better would be, “IF, in the blindingly unlikely event that, payment is made…”
09:41, whispering, you appear remarkably un-challenging of amit, more of an apologist / shill for him. see you around, no doubt.
Are you amit, or just being paid by him?
Times comment:
https://www.thetimes.co.uk/article/4d3e46c6-fe3a-419e-b910-921f7ce02d40?shareToken=4ae14fddf3bc95137c224743bfd1c241
(for what it’s worth)
https://www.thetimes.co.uk/article/887c517f-bef8-4365-83dc-e482d2f9fcf0?shareToken=780c1edc83106e0e1a6035f29fef3e3c
People should require “openness and honesty” from anyone in charge of a company where they have bought shares.
and directors etc need to obey any relevant legislation and regulations whether or not they choose to bang up a bio on some website.
amit’s latest tweaks to his bio are irrelevant - either he has always been acting lawfully and within relevant regs at all times (- in which case the bio adds nothing to that) or he has not (- in which case tweaking the bio doesn’t make that OK.)
AIM4 8:31: “… it seems Amit himself no longer wants/needs the registration.” - or alternatively, he has been told that he no longer meets criteria for such.
“Hello, is that the Serious Fraud Office? — my name is Tommy, Tommy Trombone …. No, I don’t actually have a fraud to report … I don’t think there has been any fraud at all, but I was just hoping you might be willing to do some third party verification on my behalf regarding a private company that’s not registered in the UK and doesn’t operate in the UK. Thanks chaps!”
yeah, that sounds very reasonable, i’m sure the SFO are happy to do that kind of third party verification ‘just-in-case-even-though-there-doesn’t-seem-to-be-a-fraud’ all the time. i mean, what else would they have to do with their time? (mind you, i have heard that the SFO is also quite good at getting cats down out of trees, and helping little old men on zimmer frames across the road if the traffic is busy.)
ADME has been pulling that ‘premium raise’ trick for years — no need to take my word for it, just look back through the RNS history over last few years. they’ve actually used it quite often; it does not then translate into any substantial lasting share price rise or change in the company’s fortunes.
it’s just a way of trying to make ADME’s shares look more valuable than they really are, whilst simultaneously trying to inflate the apparent paper/book value of the ‘assets’ which they claim to be buying into (- especially when those assets are actually coming from associates).
this particular RNS is hilarious; if you look at the new biz they are buying into, ADME is quite literally going to be scraping the bottom of the barrel now.
“If all this is scam… why bother?”
to try to sell yet more shares to pis, imo.
Helx2: “… there isn’t a shareholder left who’d put more money into this - you’d be barking mad…”
pretty unambiguous, helx.
night-night.
Helx2 5/4 09:37: “lol ‘to take more money off PIs’ - there isn’t a shareholder left who’d put more money into this - you’d be barking mad….”
Helx2 5/4 20:49: “Sell me your shares - will pay 0.1p per share …”
what a difference a day makes, eh! - my laughter and scorn is primarily focused on amit and his antics. but in your case, helx2, i’ll make an exception. you are hilarious, please don’t ever change.
No, not untouchable, whispering, thankfully nobody in this world is. but i do think it will be very hard for anyone to evidence an actionable case that would have good prospects of successful pursuit in a relevant jurisdiction.
i doubt that amit will be convicted of anything in relation to cloudtag - realistically the best hope would simply be that people don’t keep giving him money for pie in the sky games.
i’m sure that as you say there are plenty of pis out there hoping to see some kind of verification to back up the cloudtag fairytale. but folks waiting and waiting and waiting, in hope of one day getting some kind of any meaningful verification is a rather different thing from people being able to find concrete evidence in the near / medium term that could demonstrate clear falsification of the various ctag claims.
pub calls, evening all.
Whispering, you are presumably already well aware that amit is the sole director / board member at cloudtag.
amit is indeed in sole charge. no other board members at all, obviously no nomad, and no other meaningful independently verifiable checks on clinical governance in place (… contrary to the promises made to shareholders by cloudtag around the time it delisted!).
it’s all down to amit, and he can pretty much do whatever he wants with cloudtag as a private unlisted shell with no other directors etc. there is no-one to spot him, stop him or blow the whistle if his actions are untoward.
“Perhaps it’s your anger that is affecting your ability to read”, whispering.
i didn’t say that i *know* amit is doing that, did i? — rather, i am highlighting some *possible* moves in the game, such as wash trades that could be used to conceal the actual source of any top-up shares.
as i have said before, one of the biggest of all the big red flapping flags surrounding cloudtag has always been the utter lack of transparency, and utter lack of independently verifiable evidence, about what has really been going on here; all there has ever been is just amit’s say-so, which frankly ain’t worth a darn. i don’t think that’s likely to change. ajmho.
Steelbru, i’m not sure how easy it would actually be for a pi to work out whether they were buying shares directly from amit himself, or from the company per se (tho’ essentially, cloudtag is amit anyway - there’s no-one else there running or monitoring the company, and indeed no-one else doing anything else within cloudtag … it’s just amit as a one-man band)
amit will be in control of all the paperwork and recording within the company anyway. so he could if he wanted do something like sell some of his own shares back to the company for CTAG to immediately sell on to the pi, as a ‘wash trade’, i.e. making it appear that the pi’s extra shares had not originated directly from amit.
Re 14:16, no definition has been provided about what it means to claim that the ‘book is closed’. whether true or not, it could plausibly be a claim that the company itself will not be issuing any more newly created shares — but if that’s what it means, it absolutely would not preclude amit himself from choosing to sel existing shares that are already owned by him to others —- that would not require any ‘new issuance’.
***
… taking stock, after 5-6 months of amit managing to drum up some excitement and anticipation amongst the faithful by trailing some pretty specific timelines and dates when people were going to be paid, after the last update he has effectively reset the clock back to square one (zero?) where there are *no specific dates at all* by which cloudtag is still promising that x, y or z has happened.
…. now just back to thanking shareholders for their patience, working hard, coming soon, blah blah, but all those specific dates and timelines have just faded away, as though they had never really been.
… means there will be scope to restart all that again, from a new start point, with an update promising something more specific about dates and deadlines … rinse and repeat.
11:17, b3ast, i agree re 1984. i think he is primarily a b***-s****er who likes trying to be provocative or oppositional. he’s wasted a five figure sum already in CTAG, but I doubt he is in any sense a true believer any more in amit’s nonsense.
hard to tell really with helx2, since he tries to come across so positively about the supposed deals & payout prospects, but then seems adamant that no-one would want to buy any more shares at this point, which doesn’t really make sense. i suspect he is in pretty deep, and hence a bit confused and desperate for it to pay out.
atb, have a nice day.
11:10, it would be interesting to hear back from shenners and phoenix how they got on with their proposed transaction, since they appeared to agree quantity and price on this chatboard, and then shenners gave phoenix an email to finalise the arrangement. … i wonder how they got on.
Sure, pikeyK, once amit has gotten round to writing up and signing his confession then i’m sure he would be only too happy to post it up on this board for all to see, and take his mask off, just like one of those episodes of scooby-doo.
but seriously, unless there was ever a conviction in a court of law, something i think is highly unlikely in this case, i doubt there will ever be any kind of closure /stone-cold confirmation of what was really going on.
individuals will simply have to draw their own conclusions from how things unfolded and how actual outcomes matched up with promises made.
B3ast, the other point is that as time goes on, it is probably a smaller and smaller pool of people still willing to buy shares, so it would get progressively finder to spot ‘em anyway. (quite apart from other issues such as being sworn to secrecy, embarassment, etc.).
but in such games, the few remaining fish will tend to be the ones who are (a) the most ardent believers, (b) the most gullible, (c) the most desperate to find some way of getting their money back as they are in so deep financially and psychologically … and hence they will often be some of the most productive marks for ongoing milking.
[apols for mixed metaphors re milking fish, you know what i mean!]