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$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.
Going be a runner on the Big Exchange... 100mm AS with a tiny float...
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.
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.
In SEC filings, I'm not aware any drilling permit date change... Current filings:
We filed our initial applications in August 2023 with the UDOGM and the BLM. We received tentative UDOGM approval in April 2024. Conditions to obtaining final UDOGM approval include the completion of the review for the requirements of the National Environmental Policy Act (the “NEPA review”) by the BLM, the BLM’s concurrence on the amount of the surety bond that is required, our company paying the surety bond amount and providing additional requested information. The NEPA review, BLM’s concurrence on the amount of the surety bond, and the approval from the BLM are currently pending. It is anticipated that it will take 300 to 360 days for approval to drill once the initial application is filed and under review by each agency. The flow charts below outline the permit process for exploration of minerals (lithium well drilling), which is regulated by the UDOGM and the BLM.
Every quarter they move the drilling permit to next Q.... Stop the BS...
IMO
No Dilution... Drilling permit expected Q3.
Market Cap Market Cap
4,668,814
08/30/2024
Authorized Shares
4,500,000,000
09/01/2024
Outstanding Shares
11,674,954
09/01/2024
Restricted
9,450,296
09/01/2024
Unrestricted
2,224,658
09/01/2024
Held at DTC
1,208,817
09/01/2024
Holy crap. How is this company losing 4 million a year when they don't do anything?
Ill tell you how...because this is a salary scam company. It exists only to supply these guys millions a year.
And now in debt 21 million again? Worse than a few years ago.
Run. Run as fast as you possibly can away from the Pos.
Only a matter of time until they rinse and repeat this scam all over again.
Bids starting stack…
The accompanying consolidated financial statements have been prepared on a going concern basis. The Company had net loss of $1,414,618 during the six months ended June 30, 2024, has accumulated losses totaling $21,654,257, and has a working capital deficit of $4,608,868 as of June 30, 2024. These factors, among others, indicate that the Company may be unable to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1487718/000149315224032160/form10-q.htm
$BLTH Great we have a nice buy!
It's starting Q3 2024 per SEC Filing:
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.
Yeah Graber is here to grab his $200k/year
$BLTH Will Graber ever do anything here?
Nice hear something...I think the drilling permit will be issued this quarter. (3rd qtr. 2024)
$BLTH Still very quiet
🚨 $BLTH ? Pink Current
🔑 AS:4.50B ? OS:11.67M ? US:2.21M
✨ Outstanding Shares Updated:
- 🔴 From: 11,612,729 (11.61M)
- 🟢 To: 11,674,954 (11.67M - 6/13/2024)
(Diff: 62.23K, % Change: 0.536%)
✨ Restricted Shares Updated:
- 🔴 From: 9,398,071 (9.40M - 6/7/2024)
- 🟢 To: 9,460,296 (9.46M - 6/13/2024)
(Diff: 62.23K, % Change: 0.662%)
https://t.me/OTCPromoTracker/4589
Management gave the note holders 30% bonus not sell on otc market. The new notes require listing on NYSE American.
Form S-1
They ain’t done $hit
Good observation.
I have read i can only see debt and notes… no other development
Remove any bias take another read.
I can only see a bunch of notes...
May be they are gathering the notes to pay themselves....Graber and Lux pay themselves almost 200,000/Year as a salary...Check the filing...