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Ohhh noooo. Didn’t see any of this coming
NUTTIN LIKE THEM WAITING TILL THE LAST SECOND.........
For now… at least ABM motivated not to be a stinky pinky… One PR of a well funded partner such as Goldman Sachs off to the races… Did I mention ABM has connections with GS?
“Keep dreaming. We own another stinky pinky, geez!”
GREENWICH, Conn., Dec. 07, 2023 (GLOBE NEWSWIRE) -- American Battery Materials, Inc. (OTC: BLTH) (“ABM”, the “Company”), a U.S. based critical minerals extraction company deploying environmentally responsible methods to protect and promote our nation’s security as we transition to a clean energy future, today announced the completion of a 1-for-300 reverse stock split of its issued and outstanding common stock, effective immediately. ABM expects its common stock to begin trading on a split-adjusted basis as of the commencement of trading on December 8, 2023.
$BLTH on the way to Nasdaq in due time after the RS is settled
American Battery Materials Announces Reverse Stock Split
https://www.stocktitan.net/news/BLTH/american-battery-materials-announces-reverse-stock-jc0v8w843jd9.html
Reverse Split Represents Critical First Step on the Path to Uplisting to a Senior Exchange
GREENWICH, Conn., Dec. 07, 2023 (GLOBE NEWSWIRE) -- American Battery Materials, Inc. (OTC: BLTH) (“ABM”, the “Company”), a U.S. based critical minerals extraction company deploying environmentally responsible methods to protect and promote our nation’s security as we transition to a clean energy future, today announced the completion of a 1-for-300 reverse stock split of its issued and outstanding common stock, effective immediately. ABM expects its common stock to begin trading on a split-adjusted basis as of the commencement of trading on December 8, 2023.
“We are grateful to our stockholders for supporting the motion to effect a reverse split, and our new transfer agent, Transfer Online, for enabling the process,” said David Graber, Chairman and Co-Chief Executive Officer of American Battery Materials. “This sets us on a pathway to listing on a senior exchange to bring additional long-term value for our fellow shareholders –we look forward to providing further updates on this front as they develop and we move closer to an uplisting.”
ABM’s common stock will continue to trade on the OTC Marketplace under the symbol “BLTH” following the reverse stock split, with a new CUSIP number of 10319B209. After the effectiveness of the reverse stock split, the number of outstanding shares of common stock will be reduced from approximately 3.3 billion to approximately 11 million, subject to adjustment to give effect to the treatment of any fractional shares that stockholders would have received in the reverse stock split. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to a fractional share will automatically be entitled to rounding up of their fractional share to the nearest whole share.
ABM’s new transfer agent, Transfer Online, will be processing the completion of the reverse stock split. ABM expects that stockholders holding their shares in book-entry form or through a bank, broker or other nominee will not need to take any action in connection with the reverse stock split. Beneficial holders are encouraged to contact their bank, broker or other nominee with any procedural questions. Additional information concerning the reverse stock split can be found in ABM’s Form 8-K filed with the Securities and Exchange Commission on August 8, 2023.
Keep dreaming. We own another stinky pinky, geez!
$BLTH Well the RS is coming afterhour tonight. The company has been quiet but said update coming after. Hopefull we get that JOINT VENTURE news and run to 5.00 tomorrow.
BLTH: effective Dec. 8,2023 a one for 300 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Grabbed a lotto starter
Nothing about the reverse split?
Been going back and forth with IR. Obviously I am frustrated with the company . Here is the last response I got from them . I guess at this point I just gotta relax and let it play out .
“ I certainly understand your frustration with the share price. If you believe in the long-term picture, let the thesis play out. They’re developing quality assets, have the JV with Xantippe Resources for the Argentina project and are pursuing an uplist – those are the ultimate drivers of value.
This is not a pump/dump and we aren’t here to service day traders – the company’s focus is on executing on the business and sharing those milestone achievements with shareholders.
Best,
Lucas A. Zimmerman
MZ Group | Managing Director – MZ North America
Main: 949-259-4987
luke.zimmerman@mzgroup.us
mzgroup.us | mzgroup.com | LinkedIn | Twitter
Got this from IR today :
As per CEO David Graber, from now on, all calls and emails should be directed to:
Lucas A. Zimmerman
MZ Group | Managing Director – MZ North America
Main: 949-259-4987
Mobile: 317-498-1150
luke.zimmerman@mzgroup.us
mzgroup.us | mzgroup.com | LinkedIn | Twitter
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$BLTH IS A GOOD GAMBLE AT CURRENT PPS IMO , I DON'T BELIEVE NEWS ABOUT A R/S NOT HAPPENING WILL LAUNCH US INTO ORBIT. A MERGER IS WHAT'S NEEDED , JMHO OF COURSE.........
Unfortunately, when the PR comes out, it’s too late to buy at the right price at least with the account I have seems like other people have like inside methods for getting at the bottom, but I got to take the chances and by the fear if it makes sense
IF THE COMPANY WAS TO PUT A PR OUT THAT WOULD GIVE THE BEST CLARIFICATION BUT IF THE R/S "EXPIRED" I WONDER WHY THE PPS IS NOT MOVING NORTH.........
YOUR QUOTE?
$BLTH If the rs is cancelled we hit .02-.03 easy and the company regains trust again.
Even if it’s expired, how can they do that?
So you think not?
$BLTH The time of the RS has expired so I wish they would just announce this rs isn't happening.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001487718/000121390023064604/ea183045-8k425_american.htm
It is not cancelled, they're trying to spin the failed merge as positively as they can. It is clear that BLTH will R/S, then dilute to raise capital.
Very rare for that to happen. I’ll keep an eye on this.
When are they going to inform the shareholders?
BRoberts is just an LIEHUB TROLL that goes from board to board bashing
You say they are at ground zero.. yet the only thing they lost was a merger deal. If I recall they have set plenty up and acquired a lot of wells and those didn’t disappear.
Sure we don’t know the time table for such a thing anymore. But the first reason the first company wanted to merge is still there. So there’s plenty of potential still. Yes long term but that’s the game.
Once they close the business or sell the wells, then it’s time to call it. But until then I wanna see what these people can do
Nonsense...
BLTH lost it merger deal ( who would have guessed )
Now they are back at ground ZERO ...... Another year til next canceled deal...
This is a charade.
The previous merger candidate KNEW to drop this BS merger and closed shop.
Cancelled RS we are a runner. I meant call the new TA today, damn day job.
$BLTH If the rs is cancelled we hit .02-.03 easy and the company regains trust again.
$BLTH If the rs is cancelled we hit .02-.03 easy and the company regains trust again.
$52 of BLTH traded at .053 LOL!
NEW OTC SUCKERS BORN EVERY TRADE
bid is growing .0035 and ask is much higher .0054 up107% now... this will make a huge run before an R/S takes place (JMO!). I don't believe R/S is imminent to happen in days, especially after R/M collapsed and transfer agent recently got changed. It will take some time to re-strategize / re-plan things again based on what is on their plates now and what is next to come. Just my thoughts.
My etrade BLTH shares are going thru another reorganization as the ticker been changed to the CUSIP again.
Shares in my Fidelity account are fine.
At first thought it was another RS but nothing is listed on FINRA.website; perhap etrade shares are going thru the new TA's re-un-organization ... lol
Not in Fidelity account or TD/Schwab account. Let's see what comes out of it. Sitting at the very bottom now. If no R/S then a HUGE reversal is possible.
New transfer agent assigned as of Friday. That means R/S will possibly gets delayed and therefore, we are seeing bid/ask at much higher price now compared to few hours ago.
$BLTH .0057 exploding! up 96% don't know why? Did R/S got cancelled ->> praying LOLOLOL ?
$BLTH Well the sells stopped for now. Hopefully ?ower hour treats us better than the open.
$BLTH When the ticker symbol changes in the account to numbers it usually reverses after hours that day. I am thinking tonight.
Did they say when exactly it will be taking place?
$BLTH They 100 percent are going to reverse split. Go and call IR to confirm. I just want it over with. Graber screwed up that SGII merger though so lets see. Reverse splits are never good.
Not in Fidelity account or TD/Schwab account. Let's see what comes out of it. Sitting at the very bottom now. If no R/S then a HUGE reversal is possible.
$BLTH Its not cancelled and actually should reverse tonight. The symbol is removed again in my etrade account.
$BLTH Well it looks like the reverse split is coming. My etrade is back to no symbol again. Hope it hold some what but SGII isnt a merger in play anymore.
I guess they can continue to operate for two or three months.
Maybe you need to do some DD. They already got 1.5 million. Read the filings