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Nobody will buy it. That’s where I don’t see dilution as an option. Nobody wants it unless it goes to trips. Don’t agree with you
that's where you come in
How do they plan on diluting when nobody wants the stock??? Please explain that one
Your response is embarrassing. The $100.00 you can barely put up doesn't address the multitude of problems this shell is facing. The company has a negative net worth, that just a fact. The transaction needs a miracle to happen. Bring facts or stay in the playroom.
$BLTH Well sell me your shares then. Send me a private message on how much you want for your shares and then we will do a cross. I’ll be waiting.
How is it undervalued? They own some land and they have no idea how much lithium is in the ground. They have no infrastructure, no leadership with expertise in this field, no engineers, no partners in the industry.. BLTH is a P.O. box.
$BLTH Ok I will take your advice and flush it down the toilet. I’m holding ALL my stock!
Here is OUR OPINION. There are MANY flaws in several of the statements below. First, the company will have no choice but to do the 1-5 reverse split that they have filed for, resulting in the OS going from 11.6 million to 2.6 million. If, by chance, the S-1 is even remotely successful (and that's a BIG IF), it will create MASSIVE, historical, sweeping dilution to existing and pre-raise shareholders. In addition, it appears that there are a significant number of convertibles that will induce even more painful dilution. There is SO much paper out there it's tough even to imagine the amount of dilution ahead, could be millions and millions, we can't keep track of the prinitng press anymore. In our opinion, this stock is uninvestable until the equity cap table is thoroughly flushed, they have the required working capital to execute, which could take years. This goes without saying that the "executive team", has to go as soon as possible and be replaced with professionals that know what they are doing and that have a history of success...the current group has neither. The last SPAC deal was terminated once they realized who would be at the wheel of this thing, from what we heard. These significant challenges (and there are many, many, many more) don't even take into consideration that the shine is off the lithium market. We have an oversupply and there's no indication that there's a meaningful amount of lithium in the BLTH claims and that these guys can extract it profitably. This is a 2026-27 story at best, if it ever even gets off the ground. In the meantime, in our opinion, this stock is untouchable and should be avoided...run, run, run...run away.
$BLTH Our market cap is grossly undervalued at under 4 million and the merger proposal has us at a valuation of 150,000,000.00 dollars. This ticker is flying way under the radar.
New filing on 9/26/2024
S-1/A
https://www.americanbatterymaterials.com/filings.
One way look at it… another way SPAC is interested…
Not proved yet and otherwise everyone will lease the land for 100k and will sell it for billions.. imo
No DLE related work done… so what Graber and Lux are getting paid for almost 400k a year..
Lithium worth Billions...
$BLTH Latest update and if this gets approved it will shoot up like a rocket.
https://finance.yahoo.com/news/american-battery-materials-signs-letter-140000527.html/
After how many RS? Hahah
$BLTH Easily head to dollars... Been a long journey...
$BLTH Little buying today and very very thin on the ask. News is encouraging but with this tight share structure this could take off like a rocket.......
No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.
Graber gonna get all of yours $$$&
Nah, you'll be doing tax write offs for years to come.
I’m confident I will recover my full capital invested with ABM upon uplisting to American or Nasdaq exchanges after the 1:5 RS. Considering Lithium is worth Billions, my position likely will double, triple or more… gl
What does he do for work? Like day job? Is it just trading?
100% looks that way for sure.
Theyre repeating the scam all over again.
A grant of discretionary authority to the Board of Directors or the executive officers of the Company to implement a reverse stock split of the outstanding shares of Common Stock on the basis of one post-reverse split share for up to every five (5) pre-reverse split shares (for example, if you own 5 shares now, you will own 1 share after the reverse stock split) to occur as soon as practicable, but in no event later than 120 days after the date of this Information Statement, with the exact time of the reverse stock split and the exchange ratio of the reverse split to be determined by the Board of Directors or the executive officers of the Company. A proposed 1-for-5 reverse stock split of the outstanding shares of Common Stock would reduce the outstanding shares of Common Stock from approximately 11.6 million shares to 2.3 million shares.
2. The filing of a Certificate of Amendment of the Certificate of Incorporation that will decrease the authorized number of shares of the Company’s Common Stock to One Hundred Million (100,000,000) shares.
3. The adoption of the Company’s 2024 Incentive Compensation Plan, under which 4,000,000 shares of common stock will be reserved for issuance thereunder.
https://www.sec.gov/Archives/edgar/data/1487718/000149315224036977/formpre14c.htm
PROSPECTUS SUMMARY
...In order to achieve our current objectives at the Lisbon Valley Lithium Project, our estimated pre-production phase timelines and significant milestones include (i) the processing and approval by the BLM during the third quarter of 2024 of our exploration permits to drill, (ii) the commencement of drilling exploration wells by the end of 2024, (iii) the preparation of our Regulation S-K Subpart 1300 technical report on our exploration results in late-2024, (iv) the selection of a DLE technology provider in early 2025, (v) the development and building of a pilot lithium extraction plant in the first half of 2025, and (vi) the commencement of drilling production wells by the end of 2025. Our production phase, which primarily includes the building of a permanent lithium extraction plant, is estimated to begin in 2026.
FORM S-1
Good luck to you as well. Just know what's going on here so you don't keep your hopes up. Nothing will ever happen.
Absolutely nothing will ever be done here. Nothing.
In a year or two when he can no longer milk lithium as a scam he will move on to something else, like crypto etc, just like he has many times before.
All good... either like it or don't... gl
And don't forget all of the interest Graber collects on the notes he issues...to essentially himself lol.
He's using this as his own personal bank where only he collects lol.
Run...
The latest note Juky 11 for 200k was issued by guess who?
David Graber himself. Again.
Wake up. Open your eyes. Theyre simply repeating the same thing they did a few years ago. Graber loans the company money, the company then uses that money to pay Grabers salary, when the notes all become due they convert all of Grabers notes to shares, do a RS, and Graber ends up owning more of the company than ever without spending a dime.
It's a scam. Pure and simple a scam. Owning mining rights is perfect to pull it off because then they never really have any expenses in running a company...just paying themselves millions every year.
Run...don't walk away from this.
At this point, all the current officers are kicked out? https://www.otcmarkets.com/stock/BLTH/profile
Company Officers & Contacts
Not available
Board of Directors
Not available
Where getting Millions? Not selling shares... Third party Investors with no connection with Management funding this Lithium operation. Either going Bust or Making Bank. Choose your poison.
Those notes exist to do one thing...pay these guys millions every year. Within 6 months they will convert them like they did before and then do another RS.
As far as their lithium being worth billions, that they paid 100k for btw lol, here is a link to spot lithium prices. Goto the 5 year chart. Youll see that lithium prices have fallen to lower than what they were even 5 years ago before the boom.
It's over...for lithium and the company. You just haven't accepted it yet.
https://tradingeconomics.com/commodity/lithium
Plenty money... look at all those notes... Lithium is worth Billions. Once the two existing wells are approved for drilling and samples taken to prove either Lithium or no Lithium...
The lithium frenzy as well as this company had its chance a couple of years ago.
Now both are dead money.
You need to let go of this dream.
They aren't drilling anything.
How can they when they have no money and no chances of raising any.
How this still has a 4 million dollar Mc is one of the great mysteries of the universe.