Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
And YA v FC is the key one holding things up? since the others are personal cases against SN
meaning any resolution on this that doesnt kick the can could mean comms?
You would think that if it really is worth that much, SN would have put his hand in his pocket and paid off the few millions owed to avoid all this mess. i am hopeful still but this new cankick has deflated me somewhat. i was hoping we would be out of this by the end of the year with at least half our money back.
my concern is that the first comms we get is , thank you for your patience, all the legals are sorted now, we can finally wind up the business, there is nothing left.
i remember the vote last time headroom was increased but i suspect it was a formality and we dont hold enough power individually to have been able to block it. If something has been agreed in the background, they would need to know that it couldnt be blocked by us mere mortals i suspect. if something is indeed in the wind, we will be along for the ride and any dilution etc will just be something we have to suck up. Lets hope its a very full box as 1p or 2p would be very welcome at the moment
yellow jersey were operating from a shared office in bloomsbury just before delist, i stumbled upon one of their brochures when visiting a client who told me they were very secretive about who they were and what they did around all the other other shared office workers. proabably worried they would meet an investor. hardly a massive operation, i seem to remember it was just tim & his mate at that time having quickly set up as YJ when their previous incarnation probably decides enough was enough. not suprised he wants his 50k back. i want my 100k back!
getting ahead of myself here but of the amounts spent already, which are recoverable, was much of it spent in th 99% & is no longer recoverable before its split 50/50 or were we not told how much was spent where? seems so long since we were given any documents with information that wasn't just a cut and paste of the previous years results.
Thats one thing i dont miss, trying to work out if they were actually telling us anything new in the stats every year.
Im sure the answer is no but is there not a duty to file results as a private business & are we not 3 years late in filing anything?
if they extend to allow further 'discovery' will the judge take a dim view if there is no further evidence brought forward or is it irrelevant - i cant see how there can be much more than the 471 pages we keep seeing that document the back and forth re who wanted to lend money at what level of security etc. The mention of BP the other week was, to be fair, a new bit of info but if i remember correctly that was from a court transcript (possibly the case we were able to view but were kicked out of for rowdy behaviour)
thanks for your reply
but this could also backfire on s hope, either way, it would be a conclusion of sorts. I dont think Hope is the reason another deal is being blocked but it cant hurt to have one less itch to scratch
ref the bit of info you're sitting on Looed, is there a time limit re keeping it under your hat where all will become apparent ie a the end of a particular case or is it dependant on many outcomes and s could be any time ?
or can you not say without giving it away?
all very intriguing & costing me nothing to hope - thanks for your all efforts btw
so could this mean were looking at dragging things out longer? hints at there NOT being some behind the scenes consensus in pulling together to get it all sorted? or am i getting all the cases mixed up and this is not going to effect us, its aimed at SN et al
Who owns the large chunk of the business that was not floated !!! Was there not about 40% held by mysterious unknown entities hidden within cayman or texan shell co’s that we never discovered?
Canadian company working in peru
Sorry keyser, just a joke, hence the name shuffle. The previous post mentioned that they had not received a comment from FRR, my immediate thoughts were no sh sherlock!
Frontera resources didnt immediately respond to a request for a comment but are looking forward to communicating more exciting details shortly about their evolving business plan and new management team says Tom Thimson
I am not watching, just reading on here - is zaza on video call or physically in texas? Im assuming he is on video or some of you would have been at the airport by now
Did he just lose and immediately appeal? Im assuming we won today
With this letter we would like to inform you that the notice of
termination, dated 27 April 2020 (SAOG letters #04-130 and #05-
131), with regard to Petroleum Operations issued based on the
provisions of Article 30.2 and 30.4 of the Contract due to a
material breach of the Contract committed by Frontera, is
temporarily suspended.”
So this is saying were good to go? If we can fund a drill / clean-up and declare commerciality, we can extend the licence?
There is clearly a lot of information that hasnt been discovered or is so well hidden as to be impossible to find - e.g. Varang remain a mystery.
Hopefully dustins return heralds some cash injection and field work starting once these cases are cleared up
Hi looed, apologies if its been covered recently but what else do we have in the pipeline for hearings after this one, anything soon? I noticed mention of a 2022 case, just wondering how many we may have this year prior to possibility of them telling us anything about the restructure etc or if i should go back to sleep for 12 months as their idea of ‘shortly’ tends to be quite different to mine.
Excellent work btw
A long time ago
in a court room far, far away
The company has and
extensive and experienced legal
team in the United States and Georgia
that are focused on protecting the company's assets.
Kdashian, were outrider to be offered all they were owed compared to the smaller % they are now seeing that they would get, could be possible they would stop it (if they could) but i think once the liquidations started its not possible to stop as it is the final step thats taken in winding up
If there is one thing we have seen SN et al are good at, there are sure to be several more court cases before this is final final - machine OFF - final
Just hope they dont mention star wars again