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Communists theatrical performance.
Good luck with that. It's all theft in my book. Cheers to the horror show , may it bring better daze.
My last loser said, I am waiting for a Joker buyout.
The banker/loanshark shorted stock into insolvency.
Buyout / Partnership on deck.
Tritium administrators chasing buyers for EV charging venture
Embattled Australian electric vehicle fast-charger company Tritium is on the lookout for buyers after its directors declared the company to be insolvent and called in administrators.
April 22, 2024
https://www.pv-magazine-australia.com/2024/04/22/tritium-administrators-chasing-buyers-for-ev-charging-venture/
A meeting of creditor’s must be held by April 26, by which time further details of its financial situation and its creditors list may be known.
“Not enough capital:” EV fast charger pioneer Tritium collapses, receivers to seek buyers
Apr 19, 2024
https://reneweconomy.com.au/ev-fast-charger-pioneer-tritium-calls-in-administrators-after-declaring-itself-to-be-insolvent/
“A sale process for Tritium’s business and assets was underway prior to our appointment and we will be re-engaging as a matter of urgency with interested parties and the broader market to seek to find long-term capital,” Mr Fraser said.
Australian EV charging manufacturer Tritium goes into administration
19 April 2024, 3:24pm
https://www.carexpert.com.au/car-news/australian-ev-charging-manufacturer-tritium-goes-into-administration
Market Cap 1.36M
Income -121.37M
Sales 184.54M
Shs Outstand 1.01M
Shs Float 0.74M
Perf Week -67.78%
Perf Month -90.62%
Perf Quarter -95.21%
Perf Year -99.38%
DCFC changed to DCFCQ, bankruptcy. Delisted from the Nasdaq to the OTC: ***stock dropped 63 % from $3.64 to $1.35 on 383,294 volume.
https://otce.finra.org/otce/dailyList?viewType=Additions
1.35 with .87 low
BYD, more important question is why did someone yesterday at 7am bought 2/3 of the company's shares just a few hours before being halted?
Good riddance to the short ! Halted up to 25 days they say. Bring on an Ionna contracts partnership.
Near mid May for Ionna expected news updates and May Tritium be mentioned.
11:56 AM
$DCFC who bought all those shares at 7am that amounted to 2/3 of the company's shares in about an hour?
On April 18, 2024, by resolutions of their boards, it was determined that the Company and three of its Australian subsidiaries, Tritium Pty Ltd, Tritium Holdings Pty Ltd and Tritium Nominee Pty Ltd (together with the Company, the “VA Companies”) (i) were insolvent or likely to become insolvent; (ii) a voluntary - administrator should be appointed under the Australian Corporations Act 2001 (the “Act”), and (iii) to appoint Peter James Gothard, James Douglas Dampney and William Martin Colwell of KPMG as joint and several administrators (referred to hereinafter in the singular as “Administrator”) pursuant to section 436A of the Act.
As a result of the Administrator’s appointment, the powers of the directors of the VA Companies are suspended and the Administrator takes control of the affairs of the VA Companies subject to the appointment. The Company’s other subsidiaries will continue to operate outside the voluntary administration.
Pursuant to section 437F of the Act, a transfer of shares in the Company during the voluntary administration is void, except with the written consent of the Administrator or if approved by a court with jurisdiction under the Act.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Tritium DCFC Limited
Date: April 18, 2024 By: /s/ Jane Hunter
Jane Hunter
Chief Executive Officer
FORM 6-K
https://investors.tritiumcharging.com/node/8736/html
What an absolute shit-show here.
I traded the warrants several times Oct 21 - May 22. Visited the facility when I was in Australia way back then as well.
I stopped paying attention when the warrants broke down that year, but was reminded when going thru some old trading spreadsheets during tax prep.
Too bad, so sad. I thought these guys could be winners... guess not.
GLTA
$dcfc
$DCFC: Form 6K.. On April 18, 2024, by resolutions of their boards, it was determined that the Company and three of its Australian subsidiaries, Tritium Pty Ltd, Tritium Holdings Pty Ltd and Tritium Nominee Pty Ltd (together with the Company, the “VA Companies”) (i) were…
— TradeXchange (@TheTradeXchange) April 18, 2024
This is a start up could take five years to get recognition. Possible 50.00 long term. Hold for company news. See you next year. Dream to reality stock let's not bankrupt it just yet
Well I am still waiting.
Whoops in the Top 10
https://ih.advfn.com/markets/nasdaq/premarket
I also am very sorry to hear that JP. This company will indeed be heading for
a class action lawsuit. The BOD's and ALL management need to be held accountable.
This damn thing is trading at less than 2 freaking cents pre-split and heading lower.
What a damn shame - this was robbery.
Again so so sorry JP.
JP, sorry to hear that. Thanks for sharing. Best of luck.
I'm out. I bought this when it IPO"d. Added all the way down. I am down 113 K. I will never recoup this loss. This was my inheritance money from my Mom and Dad. I'm ashamed I let it go this far. But I kept hoping for a comeback. When they did the reverse split at 200 to 1. That wiped Me, and all of us out. Can you imagine having 80,000 shares, turn into 400.
I remember reading a quote from St Baker, he said I don't care about the environment, I'm a businessman I care about making money. That was a red flag and I ignored it.
Yesterday 2:52 PM $DCFC No 1 scam in Naadaq history
Yesterday 3:29 PM
$DCFC They refuse announce earnings & ignored Nasdaq non-compliance issue
Wait til the dilution hits - which should be any time.
They weren't too smart with the 1 for 200 reverse split taking
the share count too low - (but they had the plan to dilute in mind)
and got the SEC call out. This is going to be in the pennies again
soon enough - total shit management - unreal they are still at the helm.
This price is below 2 cents per share at the moment pre-reverse split.
This company is on it's last leg.
This is trading like a defunct penny stock.
There will be no bottom or buyers of debt shares until management comes regulatory with NASDAQ requirements to filings. Otc markets require quarterly financials I think. No respect coming from management to update companies progress to public share holders. pps pure madness until company comes compliant with filings.
If current management isn't voted out - TOILET TIME
This stock/company has been an utter disaster - I've been in and out
many times - never made a damn nickel. But, at least I got the hell out
before the final disaster. The entire management and BOD's needs
replaced. What a freaking mess they have made of the company.
14m $DCFC Submit your narratives and complaints to the SEC before they go private. https://www.sec.gov/tcr
..... where all that stock is coming from?
6 hours ago I am planning to write to the Australian PM's office regarding the issue with this company. I wonder whether the company has violated any financial regulations there too., This CEO should be behind bars.
6 hours ago
almost 6 times average volume! I wonder where all that stock is coming from?
8 April, 2024
WOW! The silence of these monsters not to say anything speaks volumes about their lack of ethics. I’m sure their well paid attorneys stock gamblers paid for have earned them to keep it zipped!
8 April, 2024
i try to contact the headquarter but no respond what so ever this is insane>>> i think some legal action HAS TO TAKE AGAINST THIS FRAUD COMPANY ANY THOUGHTS ?
8 April, 2024
I think my horse died lol....my 1900 shares turned into 10 and down 93.5% so got a value of 66 bucks. This is where the cowboy rides away lol
8 April, 2024
my biggest disappointment in all this is NASDAQ. every thing has been done in secret away from stockholders and they supported the company by allowing relisting. now it has been done and no word from the company or nasdaq. Both are guilty of shareholder rights violations.
7 April, 2024
In word. Obviously not in action. Either they are incredibly inept or blatantly stupid. I’m betting a bit of both. Hopefully, we’ll know as soon as the criminal lawsuits begin.
Aussi Mafia was happy with old shares between 2-3 cents a share = 200/1 reverse split. No Earnings, changed the date from March 7 seven times to no date for earnings today.
The question I have today, Who owns the company now?
I thought they were on the for front leading this adventure.
Apparently NOT.
An engineered society, this is my social....
" If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
~Thomas Jefferson
...Oh, Clown world!!!
6:37 PM $DCFC SEC should investigate this scam. Crooked CEO and management keep quiet for months with no earnings date. I believe they are shorting and deliberately announce 200:1 R/S three weeks in advance to give them plenty of time to short the stock. They know the NASDAQ rules, and they are challenging the law. Ruthless bloodsucking they are.
7:17 PM
$DCFC I dare these clowns management declare bankruptcy or drop market cap to $0 by not report earnings to SEC.
I did not like the 6 months of silence.
Companies treatment of SEC filings not being public information. Like debt shares not being reported, why is this a brisbane company? aint headquarters in USA, and aint this an USA company, Change the ticker symbol, change addresses in filings, Quarterly financials, Units being shipped out monthly
PSST....
There is some serious legal issues going on here.
7m
$DCFC
SEC GENSLER WAKE THE FOOK UP
Over the past 30 days my investment is 10 percent
5m $DCFC Note history:
1) 3Q 2023 Annual Earnings meeting. Jane Hunter makes false or misleading statements about the companies future. Jane stated that they were expecting to see positive earnings by end of 1Q 2024.
2) 3Q 2023 - Tritium in talks with LiteOn and large Saudi Capital investment firm. Supposedly all under a NDA.
3) While under NDA Tritium Announces 200:1 Reverse Split three weeks prior to Shareholders voting meeting. Prohibited shareholders from attending meeting. Stock falls 50%
4) Receives NASDAQ 180 day non compliance notification to keep share price above $1.
5) Receives another NASDAQ non compliance notification for not meeting minimal shares required to trade on NASDAQ. Stock falls another 50% post 200:1 Reverse split
6) Appears to be a conflict of interest with St Baker sitting on the Board for Tritium while owning St Baker Energy Capital Partners that includes some of Tritium suppliers and competitors.
7) Need SEC to uncover full story
I mean why is this trading this way? pirate shorts are in control.
Next Earnings Date, Reporting Standards, Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
THESE ARE THE RED FLAGS....
https://www.otcmarkets.com/learn/reporting-standards
What is that.... half a million dollar dump today ?
DCFC
Tritium DCFC Ltd 5.35
-1.60 (-23.02%)
Volume: 155,265
Investors thinking. Jane is trying to put a trash bag down the toilet.
no communications to shareholders,
How can anyone be bullish when the company is doing everything possible to kill the pps?
50% down since RS. No one make profit from here.
less than a minute
$DCFC 50% down since RS. No one make profit from here. Just sell it before you produce more loss. More holding means more pain along with.....
44m
Selling 25% per week of my positions in $DCFC and warrants until they're gone. It's not much but I've had enough. Not bullish or bearish, just done.
2:07 PM
$DCFC Lol. Its over
2:41 PM
@----- They can drag it out for quite some time if they want, I would guess that they will just issue and dump more shares to address the current noncompliance letter from the SEC. That buys them time until the next noncompliance letter regarding marketcap.
9:19 AM $DCFC They intentionally did this. This company needs to be investigated by the SEC. Too many violations on purpose with no communications to shareholders.
https://www.sec.gov/tcr
2:18 PM
$DCFC I think they are planning to get delisted and then announce buyout for 1.5X of what the price is at that point. Anyone care to sue this company? They probably will be happy to announce bankruptcy if they get sued successfully. How can anyone be bullish when the company is doing everything possible to kill the pps?
2:41 PM
At some point end of last year they decided fxck shareholders and pps. No more communication. That hasn’t changed and this will continue to tank unless it changes.
$5.34 -$1.61 Market Cap $6.68M
Volume (M)
141,172.00
52-Wk High
$304.00
52-Wk Low
$6.51
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