Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
as usual ordinary shareholders in dark but this seems to be relisted at 50% down
Interesting so have they indicated that it will be possible to sell them on the 11th January ? Have they indicated a likely price?
The thing I think is why are companies allowed to get away with this kind of thing, after giving what now appears to be false information and forecasts surely these people should be banned from continuing to run any company ....surely there has to be company rules and some protection for investors who have been shafted whilst the major shareholders in effect con everyone else what is the point of a stock market if people are free to do this?
at last something scaredy does know about cats...
But our shares are in dev clever which I understand is going to be renamed so how is that going to work. The most reasonable thing would have been for the majority shareholders who are clearly going to be the big winners to make an offer to purchase all those remaining shares instead of being greedy b xxxxxxs
Assistance in being ripped off,big of this company although long outstanding communication will be a novelty for them..
Not sure this will do any good I contacted my broker and he said little info at the moment all we can do is wait !
So guess thats it
Tried to get advice from broker but not a great deal of help I see on website this below and as a lot of you guys are more professional than me I wonder what you think re the possible takeover of the company in the future and how this works if our shares are cancelled and a new company share is issued. From the wording below it implies that our shares would still be valid in a takeover situation for a period of 10 years....do people think we are just being ripped off for our shares on the cheap? Is it worth just holding on for a long period or sell at a much lower price...answers on a postcard ....
he Company will remain registered with the Registrar of Companies in England and Wales in accordance with and subject to the Companies Act 2006, notwithstanding the Cancellation.
Shareholders should also note that the Takeover Code (the 'Code') will continue to apply to the Company for the period of 10 years from the date of Cancellation.
Shareholders should note that after the expiry of 10 years from the date of the Cancellation they will not receive the protections afforded by the Code in the event that there is a subsequent offer to acquire their shares.
mine available at 30p also
yes and also it is the case that the share has been suspended for a year which has prevented those with concerns to exit if they wanted too so you can hardly say people are moaning now some people have rightly been pointing out issues with little official information and when there has been it has been misleading in my opinion. So the blame for all this is clearly at the board and the fact that the share was suspended for a year and then cancelled is tantamount to robbery !!!
Scaredy you are really unbelievable I am amazed you are still prepared to post here all you have done for months is bull up this company with what has been obvious is inside info I have asked previously if you are employed by the company or have a financial link as a person payed by the company which you have denied and yet despite shareholders about to lose big time you continue to post c@@@ have you no shame? I have seen this kind of activity before and to be honest it should be illegal if this company has huge potential the shareholders who have invested in the early days to bring about the success should get the benefit not to be shafted by the board and main shareholders ...it will probably be ok for the few of which I suspect you are one but the remainder lose most of their money. I saw a similar thing with sirius minerals and really the government and authorities should take the potential asset into account and ensure that shareholders get their just awards .
Yes Bagzzz I agree my only consolation is I sold half my holding at 45 so will not lose entirely but still annoying should have sold the lot before suspension...but this is what happens when you invest in these risky shares
And i thought I would have chance to offload at a drop on relist what a set of @@@@@@ thought scaredy had suddenly gone quiet ....
Nice to see life on the chat site I would really like to see the shares trading again in Jan as predicted and with some good news with it because the longer this goes on given the type of industry a delay without good news maybe means that you have been overtaken by similar businesses at the moment there are fantastic possibilities but with that goes massive failures a bit like setting up a mill in the 1800s some people will be very rich with new tech and others will lose out I must admit I do start to worry we will be the latter but you never know until the old fahsioned lady sings :)
probably not I think at one time october was mentioned so we are well past that one !!
Totally agree given that we are fast approaching the end of the year it is time we had an OFFICIAL update instead of these hints from people who in the way the write seem to be associated with the company but we need an RNS update with some firm plan of when the share can be relisted...you get the feeling that they are stalling to marry up with some big news but what happens if the big news does not happen..everyone lose their money???
so are you speaking as someone who works for the company and has certain knowledge or are you just guessing what is going on...?