Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
A bit of a surprise finishing work and finding a recovery in the sp,i bailed at a massive loss but left the little mans ISA in here.hopefully he will get some of his money back and stop me feeling like sh@t now.
What a shambles and the FCA have let this go on.what a s@@@ show.
Iv got to say what i have seen happen here in the past 3 weeks has shocked me and todays out ome has just left me bewildered.How a CEO of a company can behave the way he has done is beyond believe.I will admit to now looking at all my AIM share differently in the past fortnight and am now considering my next move.I believe this deal or fraud will hame implications right through the AIM market as people are going to be looking twice at their investments.
I still cant believe the FCA wont be looking at this,This is fraud.millions of pounds missing,stock missing and a CEO basically selling a business to himself WTAF are they doing if they cant see this?
I have voted no on roughly 500000. Just to aid any calcs
If we do manage to get a vote against the company here,what would be the next steps? Personally i want the board and Adam gone,i want someone to come in and try and salvage the company.i know there aint much to work with but lets have a little hope.
I also own a fraction over 1% of the company between my ISA & my sons and will be voting no.iv just sat doing my friday tidying of my trades this week and every time i look at ITS it leaves me very annoyed this prat thinks he can just rip punters off.
“I can’t see that he would just roll over and allow a pathetic offer 1.2 million (WTF) for the company to be accepted” i think when all the dust settles here Adam gets his wish and the sale go,s through.although i am under no illusion it is his money that is paying for it.I also believe the missing money has been paid to a supplier for future purchases from his new company thus setting them up nicely for the near term.I believe he has had this in the planning for the long term and has had friends & family purchasing shares for months now to help with the votes.
This was my thought….or the boo hoo boys.
The cash burn is probably down to ordering a new spring/summer range for his new company and getting rid of the money before he breaks this news.also no profit was brought in from the “kindness” range as it all went to charity.it actually beggars belief
This thread now proves to myself that Frisby has been out to shaft us.A company which has been bleeding money and any profits were given away.
Could this entice other offers? This has got to have raised a few eyebrows in the fashion game?
I,ll admit to still being in and losing.Take the loses with the wins.i knew the risks and it didnt work out.on to the next one.
just having a little look at ITS online and have just spotted that 100% of all profits off the "the kindness" collection are going to the samaritans.Are we really in such a position to be throwing our profits away?I have nothing but respect for the samaritans and what they do but when your business is up against it.
your forgetting manufacture, shipping,storage costs on these.then you have discount on unsold items,.no way is there ever £20m in this for the company.
10 percenters gone and shares hopefully in sticky fingers