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Moving away from the reverse split and number of outstanding chairs for a moment. 😊
Endurion silicon anodes battery technology cost and price, I am just speculating here from sources stated below. Do you have any thoughts?
EV-grade graphite typically costs about $6 per kWh.
Silicon Anodes Price $50-$60 per kWh? Not sure if the price is per kWh.
The average size of an Electric Car Battery ranges from 80 to 100kWh.
Some are higher per kWh.
1.2 million electric vehicles (EVs) were sold in the United States in 2023.
In 2023, 14 million new Electric Vehicles (EVs) were sold globally.
Silicon Anodes Price $50 x 100 (kWh) battery x 100,000 EVs =$$
$50x100=$5000x100,000=$500,000.
It costs about $6 per kWh, with a price of $50-$60 per kWh, which is a huge profit if the figures are anywhere close to correct. I guess if you have technology, that is needed, and nobody else has…
Below are some sources for this figure.
Elgammal said, "though when Endurion technology does hit the market at scale, he noted it should have cost parity with graphite anodes while providing numerous other benefits."
https://www.evpulse.com/features/your-next-ev-could-have-double-the-range-thanks-to-silicon-nanoparticles-and-a-special-elastomer.
EV-grade graphite typically costs about $6 per kWh.
Source:
The key to silicon anode solutions: Cost https://onedsinanode.com/media-room/news-and-press/the-key-to-silicon-anode-solutions-cost/
Silicon Anodes Price $50-$60. Coretec posted this twice, 1st in February 2024.
Source:
EV battery makers' silicon anode demand set for take-off
https://www.kedglobal.com/batteries/newsView/ked202402230020.
The average size of an Electric Car Battery ranges from 80 to 100kWh.
Source:
https://evs101.com/how-big-is-an-electric-car-battery/#google_vignette
https://ev-database.org/cheatsheet/useable-battery-capacity-electric-car
What do you think?
Reading the 8K filing, I see they are trying to keep the outstanding shares count low. Several Non-Registration and Restricted Securities are mentioned. Below is one of them.
“3.20. No Registration of Securities. The Company understands and acknowledges that except as set forth in this Agreement, the offering, exchange and issuance of Exchange Consideration pursuant to this Agreement will not be registered under the Securities Act on the grounds that the offering, sale, exchange and issuance of securities contemplated by this Agreement are exempt from registration pursuant to Section 4(a)(2) of the Securities Act, and that Parent’s reliance upon such exemption is predicated in part upon the Company’s and the Members’ representations herein and upon the representations contained in the Member Representation Letters, the form of which is attached as Exhibit B to this Agreement.”
"Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) provides an exemption from the SEC’s registration statement requirements for transactions by an issuer and do not involve a public offering of securities. Section 4(a)(2) is also known as the private placement exemption and is the most widely used exemption for securities offerings in the U.S. The exemption allows an issuer to raise an unlimited amount of capital in private transactions from sophisticated investors who are able to fend for themselves. Both private and publicly traded companies can rely on the Section 4(a)(2) exemption. Shares sold in reliance upon Section 4(a)(2) are restricted securities and may not be resold by purchasers in the offering absent SEC registration or an exemption therefrom."
Source:
https://www.securitieslawyer101.com/2020/section-4-a-2-private-offering/
Yes, there’s probably going to be some FOMO among those on the sidelines, once the concerns over financial solvency are eradicated
"With three billion shares outstanding, and a P/E ratio of 20 plugged in you need EBTDA earnings of three million dollars for a two cent price per share"
I enjoy theorizing what the post merger pps will be. So, I came up with 2.618 Billion outstanding shares after the close. I expect at least EBTDA earnings of $50 Million USD. So, I'm expecting a minimum share price of .3819 after the close. If earnings are more like 100 million, we could see a share price of .7639
This is all assuming no RS in the immediate future.
The merger date agreement was March 1st ..they released the 8K March 6 . Sll they have left is a few due diligence items very clearly state by Matt to get to close . .We are getting close to close on this deal im certainly not expecting july for this to close if fact they just started the process
Remember this is a sure thing to see where they are at on March 14 2024 not March 1st or March 6th when on that day Matt said " At this point, we have a few open due diligence items, and once those are completed, we'll move
towards closing. "
Thats not much but i will agree to disagree ive read everything out there 5 times plus so we will; see if we get to close before July i think we will !!!
ARTICLE 9
CONDITIONS TO CLOSING
Section L says the financials part is before Section M it HAS to be COMPLETE to go to SEC M due Diligence Sec L is DONE .
Here is sec L > (l) Financial Statements. The receipt of financial statements including the delivery of two (2) years of audited financial statements (or
shorter period, if applicable), of the Company in a form substantially ready to be audited by a duly registered PCAOB audit firm and acceptable to Parent
and any additional interim financial statements as required by the rules and regulations of the Securities and Exchange Commission to complete the
disclosure required in connection with the acquisition, in order to maintain the post-Closing combined Company’s SEC reporting obligations.
SEC M cannot take place before the financials are delivered which obviously they are or they wouldnt go to sec M > (m) Due Diligence. The completion of due diligence satisfactory to Parent, including, but not limited to, the examination of all books and
records of the Company and the Operating Subsidiary, any vendor agreements, any marketing agreements, any financial projections, business or marketing
plans, any letters of intent, memoranda of understanding, or potential agreement with marketing or other partners, any licensing agreements, grant
applications, grant notifications, any intellectual property, current and proposed inventions, all work papers, any trade secrets, or any other material as
reasonably necessary to conclude the transactions contemplated by this Agreement.
Matt Kappers in the call said .
.At this point, we have a few open due diligence items, and once those are completed, we'll move
towards closing. In addition to due diligence, we are working on transition items so the
integration between the two companies will be seamless. When the transaction is closed, we will
make the necessary SEC filings as well as public announcements.
Dr Kim did say they needed better anodes so looks like ours is better than theirs and will be introduced to that company by the new guys on the block
You beat me to it!
I believe any decision on a reverse split would come later after they see how the new company stock price reacts . I think they would give it a while. Lets say we trade up to 75 cents , of coarse we want multiple of dollars , but lets say 75 cents and it settled in around there as an example . An 8/1 RS puts it at 6 Bucs 2.00 above the 4 dollar mark they would need to trade at as one of the things they have to do to qualify for Nasdaq . Lower level Nasdaq I think is 3 Bucs. If we settled in higher the split would be less . Keeping in mind the company is talking about building a battery giga plant which might involve some dilution in some way lets say they acquire a company they need we may see more dilution before a RS. I say they will wait sometime to develop the new company and and also see how it trades with news and developments within the next year. Remembering they are locked up for a year they can't trade themselves on the market for a year I see this next 6 months as a time to develop the company and grow to the point they feel they are ready for the bigger exchanges . Maybe then they have the data they need from the company financially and they have good developments from the silicon anode battery and established new partnerships etc etc then they can better make a decision on a RS .
It's easy to see that they have control, all we can do is either watch and wait, or sell out. In that I like the technology they're bringing together here, I'm willing to watch and wait, and perhaps buy more if I like what I'm seeing. I mentioned EPAZ earlier today, and they too are doing some things that are apparently are also under management control. They too are working on improving batteries and drones. I believe if both companies worked together they could really produce superior products.
Gary
This is a good article from 2019 which i previously posted with others , but it says a lot about ismedias partners and customers and then business operations which as we know have changed as to the focus to be more on the auto industry https://www.thelec.net/news/articleView.html?idxno=295
ISMEDIA produces single and dual camera module inspection equipment and car camera module inspection equipment. The company also developed Active Alignment equipment, which handles the entire process of assembling and inspection of camera modules at once, by entering part of the front-end process market.
Founded in 2002, ISMEDIA is headquartered in Anyang, Gyeonggi Province. It was listed on the KOSDAQ in 2017. Its Chinese subsidiary was established in 2015 and its US corporation was established last year. ISMEDIA's sales grew 48.3% YoY to 79.0 billion won while operating profit rose 71.0% YoY to 4.1 billion won.
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