Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I never wish people ill. However, I take exception to these awful individuals. How they live with themselves I don't know. I will have a very big celebration with my family when these horrible people are brought to book and have a lengthy time in jail to look forward to. I suspect there will be hundreds of others doing the same thing. Fingers crossed our case is strong enough to warrant long long sentences and a healthy dose of compensation. Good luck to us all including our legal representatives.
These crooks appear to be one step ahead of us at each and every turn. It seems they are continuing with this fraud, with the authorities, probably not complicit, but certainly displaying casual indifference to the plight of the shareholders. If these people cannot be stopped by legal means what is left?????
There are so many unanswered questions and I assume we won't get to the bottom of all of this until it comes out in court. We have assumed that much of what has transpires was because the assets were so vast that greed took over. Todays developments seem to throw some doubt about that as the amount of commercially accessible oil is not what AM wanted us to believe. (The main protagonists were clearly aware of this, so why go to the lengths they have to acquire the asset?). Why did the JVP walk away in December having had sight of the RS report for months? Why did the SL act as it did? Why did the promised gas injection not take place? Why did AM go down the bond route? Bloody hell my brain hurts. It's such a tangled web of deceit, misdirections, falsehoods and downright lies I wonder if we will ever get to the bottom of this debacle.
All of the effort to redesign the website and to contact potential suitors has been wasted. A lot of shareholders (including me) will be enraged at this latest development. AM really has to watch his back.
Another twist in this scandal. Along with many others, I am left confused. Surely the JVP had sight of the original RS report when it was published and yet it continued to engage. I can't believe it was acting only on AM's 'doctored' version. This mess just seems to get more convoluted as each day passes and as Stas has said all along, AM is up to his flabby chin, at the centre of all of this. It also bodes ill for all of COPL's directors and associates who would have known about the doctored report and been willing participants in this appalling deception.
I'm just trying to work out what advantage an interested company would get by allowing the SL to buy our assets on the cheap and then get into a possible bidding war when the SL puts us on the market. Wouldn't it make more sense financially to put in an offer this time around, by-passing the SL? 3-400m would probably get the job done and give then a multi billion dollar asset in very quick time.
That's probably how things will pan out. However it's not good news for those of us in our 70's. I am just hoping someone will come in with an offer that will give us some kind of return before we pop our clogs. Then, the litigation can take over and get the evidence together that will put these b**ta**s in jail for a long time.
Are shareholders kept informed of any interest shown by potential buyers during the time frame in question? For example will we know about visits to the date room? It is reasonable to assume that the greater the interest the more visits and vice versa. Some posters are of the opinion that there will only be one bid made and that will be just enough for Summit to get its money back and there will be nothing left for shareholders. If potential suitors read and take the CAG's excellent website seriously then surely that view is hugely pessimistic. The website has surely sparked interest from a number of potential buyers. Is it naive to think that the 'official' COPL website will be wholly factual and accurate, hiding nothing and honest about the debt and the potential of the assets, almost mirroring our own website? We have been shafted so many times that it is hard to think that there won't be another attempt to shaft us again. Can the sale process we are now involved in be trusted? If the operation is conducted honestly and fairly then surely a bid should come in that will give us enough to pay off debts and leave enough to distribute amongst us shareholders. Nervous times ahead.
I am watching as things transpire and am in awe at the intelligence, tenacity and determination of my fellow shareholders. None of us know how this will eventually work out but the work that has gone on, on our behalf is just incredible. It would be unfair to name individuals as so many have made such important contributions but we all know who is bearing the brunt of this superb effort. I can't contribute to the financial debate but I have written to the press and to my local MP, trying to add one more voice to the increasing clamour there is for justice. We haven't heard from RBM for a while and it will be interesting to see how things are developing with the CAG. In the meantime I can only thank everyone who has done so much in the last few weeks to bring these criminals to book.
Agreed stas. I am no financial expert and have some difficulty understanding exactly what has happened and how the bond holders have decimated the company share price, but it seems the main protagonists have done this sort of thing before, and have got away with it , with other companies. Consequently we must not underestimate the significance of the class action that is currently underway. It appears the 'authorities' have displayed casual indifference to other examples of this kind of fraud, allowing TR and his cohort to continue with apparent impunity. Failure of the class action here will essentially give carte blanche to these crooks to use this scam as a template for other scams and for other crooks to follow suit. The next few months will be very interesting and important. Good luck to us all and in particular to RBM and his group.
Just got back from doing 18 holes and logged on. With the odd exception todays posts are the usual combination of rubbish and pointless bickering by the usual subjects. 95% of the comments today have been utter tripe with a big dollop of hot air. Another 10 minutes of my life I won't get back again. I really despair sometimes.
It is fantastic to see such a momentum change and the sp going up. As one of the so called LTH's I am still 90% ish down on my initial investment. My confidence has taken a hammering along with my bank account. As tempting as it may seem to plough more cash into this I am reserving judgement until the way forward is more secure and this mess is sorted out. I just can't afford to risk any more cash at the moment but I wish those buying now the very best of luck. to be honest, what some of us have gone through, I will be very happy to just get my money back. Huge thanks to all those working in the background on our behalf.
Stas, that is a huge commitment you are undertaking and I am extremely impressed by your resolve to get this done. I know this will give you no pleasure to be proved right, but you had AM nailed almost from the start. Respect to you. I am sure your evidence will be of huge value to the class action. I am so grateful for guys like you, RBM and others who are chasing this with so much vigour and determination. Thank you.
Quite rightly there is outrage as these people continue to act with apparent impunity. They are sticking two fingers up at us, the shareholders and the authorities who seem to be displaying casual indifference to their antics. What they are doing is morally and ethically abhorrent, but is it actually illegal? How are these miscreants to be punished? Can RBM and his group achieve what they are trying to do? I am beginning to have a bad feeling about this. However, there is still hope. I hope!! Good luck to us all.