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rockie101...
In my opinion, the $268 Million is not figured into the current stock price of NHMD. I think investors are waiting to see if they are going to get the financing to support the contract. Some that have read a little deeper in one of their 8-Ks have decided to take the risk that they are going to get financing to support the $268 Million contract because they indicated that things are at the bank being processed right now to get financing. I'm taking the risk that they are going to get it.
v/r
Sterling
Xman1959...
Thanks. I have to say, for me, I have never had anyone put a gun up to my head to make me buy any stock that I have ever bought. I have never done such with anyone else either. I bought because I wanted to do such based on my own hitting the buy or sell button.
In my opinion, it's very very simple. If one doesn't believe in NHMD, then simply don't buy it and respect those that do believe.
v/r
Sterling
DeafTrader2 ...
I'll just say that I did nowhere as good as should have done.
v/r
Sterling
DeafTrader2, with these articles...
Thanks for posting these articles regarding what could be happening here with NHMD and its new sugar contract. I think all should read these articles:
https://www.reuters.com/article/sugar-china-brazil/china-loads-750000-tons-of-sugar-in-brazil-years-largest-import-volume-idUSL8N39C7P2
https://www.czapp.com/analyst-insights/why-isnt-chinas-sugar-output-growing-faster/
https://www.bloomberg.com/news/articles/2023-06-29/china-s-splurge-on-summer-treats-may-prompt-more-sugar-imports#xj4y7vzkg
v/r
Sterling
12ka, Very Important Stock Etiquette Thoughts...
Maybe TSNP/HMBL was a pump and dump, but maybe it wasn't. Based on the logic you posted for what justifies if a company is a pump and dump, Microsoft (MSFT) would be considered a pump and dump. Heck, MSFT even dumped billions of more shares than what TSNP/HMBL had dumped. Go figure. I guess technically speaking, it's debatable if the entire market is a pump and dump. Hmmm... so thousands or millions of investors were all stupid and you were smart? Hmmm... If one investor bought TSNP in the .000s and sold north of a dollar, he was stupid for buying it and trading it? I think stupid is in the eye of the beholder... until it's not. Different strokes for different folks. Really people should leave people alone and respect that people can have different views and that's ok. Respect can go a long ways.
You believe that NHMD is just another pump and dump. I believe that it isn't. It's a fully reporting SEC filing company that files audited financials. Like it or not, believe it or not, that means something. Heck, the $268 Million contract, I didn't make that up. They filed it in an 8-K with the SEC. Like it or not, that means something to the market. Because of that being a high number for the contract, that means that my valuation thoughts shared would be fairly high compared to where it is currently trading. My valuation posts are not the gospel. They are simply something to consider using as a framework to have an idea of the worth of such stock if they manifest what they are claiming to have into a reality. If they don't, then so be it. If they do, then so be it too. Of course the risk is great as you will see that I have clearly articulated that numerous times below. It's not about me being right or wrong. It's about the company being right or wrong with what they are claiming to have. Just so you know, I think NHMD is going to prove me to be right for believing in them.
Then I can't believe you have the audacity to say this below...
why dont you ever suggest to take profits on a ticker or take back initial investments....that is how you save people money...yeah I know we are all adults but some people lose a lot of money because of your missleading posts...
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
I never give investing advice; only my beliefs for risks in a stock.
Exit Strategy & Etiquette Thoughts for a Stock…
Below are some thoughts I share to consider as a basic understanding for an exit strategy out of a stock. The primary objective for buying a stock is to one day sell. Just as you don’t lose until you sell… you don’t gain until you sell either within the market. I am often asked about my exit strategy for leaving a stock so I hope these thoughts below will help to answer those questions.
One day, with any stock you buy, you will need to sell in order to realize gains so a plan should always be considered. I think that’s the reason most of us bought. I shared a few years back a few other thoughts that might be helpful to some just starting out with penny stocks from some of my experiences. Please note the ”$200 to $200,000 Transformation Process” I posted a few years ago. It’s nothing new to some except maybe a more discipline way to play with free shares. First, let’s talk about an exit strategy.
About an Exit Strategy for a Stock...
Selling a stock is generally centered on two variables; time and price. I would simply caution against having tunnel vision with getting locked into one or the other to an extreme. If a stock hits a certain “price” at a certain “time” sooner than expected, then I would sell. Since over 90% of the penny stocks fail, the odds are against you and any logic for holding them. Treat them all like a POS unless they prove different or reveal significant reason to re-consider, but understand that it is rarely the case. Remember and know that the odds are against you for succeeding within the penny stock market.
If it takes a longer “time” to hit a certain “price” then make the decision to continue to hold or sell, but know that you might be holding “dead money” to where those funds could have been used elsewhere. If you have really done your research and believe in the stock, then exercise patience, but expect some up and down swings from people who will always be trading a stock. Respect everyone’s exit strategy to hold as a “trade” or as an “investment” because the first time you bash a decision one way or the other could be the time where action proves you to look very foolish. You just never know for many unknown reasons that could change a key variable to be pro or con for a stock that could ultimately change the end result.
Please understand, I am not telling you to hold any stock without any intentions of selling. I’m simply saying to be careful to not sell to early, especially on the first day of any run because there is always that chance you will regret it. A stock usually runs for 2.5 to 5 days before either stabilizing or fizzling out. Still those days are not finite as it could vary to be sooner or later. Still understand though that profits are profits. Unlike me, always remember to take profits (LOL).
Understand that what you see in stock ABCD at .01 per share to buy as an opportunity for profits to sell at .10 per share, you are hoping that the next person see that same opportunity for profits in stock ABCD to buy at .10 per share as a entry price that you saw in stock ABCD back when you bought at .01 per share. This is why it is important for substance and growth to be revealed in a stock because that’s what makes the next person buying stock ABCD at .10 feel as though they are buying shares of stock ABCD at a discount rather than the premium. This is what helps a stock’s price to hold its gains.
Some people would take it personal when you mention that you are selling stock ABCD to take profits at .10 per share while they are just now hearing or believing in stock ABCD and buying at .10 per share. Heck, if you get a 10 bagger, you should logically always take some profits. When a person decides to take profits is a personal decision and really isn’t anyone’s business. People should not ask if you have bought or sold a stock and you should try to make it a habit to not offer such info either. Normally when you start offering such info as a norm, people try to make you feel obligated to continue sharing such info not at your discretion, but instead at theirs. From some of my experiences, I have learned that people will manipulate the situation and trade to their advantage based on what you tell them. Remember, everyone’s portfolio will be primary to them.
There were times where I and others were manipulated (long story) to where the more I tried to explain to people/shareholders, the more things got twisted. At one time, I had practiced telling people to consider me not owning any stocks at all whether I was posting on them or not, buying them or not, etc. because I could not and would not promise a time or price that I would hold a stock. Heck, most of the times, I don’t know. Everyone’s situation is different. I might have needed to sell shares in a stock because I needed money at the time for me or one or my kids or to help a friend. Heck, understand, you can’t eat shares. People naturally wants you to buy what they buy and sell what they sell. Do what’s best for your own personal situation.
It is my discretion if I want to risk selling stock ABCD to risk making more in another stock to maybe come back to stock ABCD later, or not. I have done such in the past where things had worked out for the better and for the worse. Others followed my lead and were upset because of the money they either “could have made” or “actually lost” for doing as I did. This is why I only would bring stock ABCD to you as an opportunity. How you “trade” or “invest” in stock ABCD is up to you. I am not a professional and rather far from it.
More thoughts should be considered for understanding when to “trade” or “invest” in a stock. Some people dislike those with a “trading” mentality while some dislike those with an “investing” mentality. I say both should be respected and understood to be important for the growth of a stock. Technically speaking, both are really synonymous to each other. I’ll explain this a little deeper.
Those “trading” help to generate volume to bring a certain group of investors that reacts to a stock due to its volume. Those ”investing” in a stock help to bring the gradual support to a stock to help for a solid base to be established.
The survival and success of that stock will ultimately be determined and earned by the legitimacy of the company and generally not because of any of us message board shareholders. Both traders and investors are important for a stock in my opinion. Again, both are really one in the same if you really are going to be technical about it. We all hopefully buy a stock to one day sell. Remember, after you buy a stock, you don’t lose until you sell, but you don’t gain until you sell either.
With this is mind…
View a trader as an “accelerated investor” as they are making an investment in that stock, but they are just doing such at a faster and much more accelerated rate than the investor because of simply selling their shares early in the short term.
View an investor as a “decelerated trader” as they are making a trade in that stock, but they are just doing such at a slower and much more decelerated rate than the trader because of simply selling their shares later in the long term.
Technically speaking, we are both a trader and an investor in any stock we buy. It’s just how you choose to interpret such for your own rationale with ”time” being the key variable for determination.
Bottom line, it is your responsibility for knowing when to sell and at what prices. So please, if you are buying when someone else is selling, don’t take such personal. Freedom of choice does exist in the market. Buying or selling a stock is your discretion and should be done so from you doing your own due diligence (DD). Understand that the responsibility resides with you alone. Unless someone was holding a gun to your head making you click the buy or sell button, take your own blame no matter how good or bad the stock you bought. The market will not stop neither for your sorrows during the bad times nor your jubilees during the good times so continue moving forward regardless.
You probably won’t be the first to get into stock ABCD and probably won’t be the last. So don’t get all wrapped around the axel trying to figure out who got in before you. Buy a stock because you believe in the research that “YOU” have done on the stock. Know that if you consider added anyone else’s info as part of your research, then know that it is at your own discretion and the blame resides still with you for the outcome of your portfolio… good or bad.
Remember that people will normally be mad when you mention you are selling while they are buying. People will always seem to take such personal. I have found that it is always better to not get into such a subject. To keep the peace, consider keeping such thoughts to yourself. None of us like to hear things of that nature in dealing with any stock that we believe in. It’s always that subliminal thought to wonder if they are selling for bad reasons that are unknown for personal reasons unrelated to the stock. I have seen it better to not mention anything in that area because it only antagonizes individuals and question your true intentions for making yourself manifest something to be totally misunderstood. We all reserve the right to change our mind about a stock at any given moment for our own personal discretion.
Be careful in bashing a stock you don’t own. I see it kind of like an investor creed for being courteous to not a bash a stock if you are not in it because others could probably generate the same type of thought for your stock whether it’s fact or fiction. Why create the potential to entice others for having a reason to do so? Be careful in trying to save the world (meaning the entire investing community). I wish I could, but the fact of the matter is that I can’t. There is a balance that must be considered if you have negative to share to make sure it is factual and delivered constructively to save as many as possible if you can. Cautiously weigh the decisions to make sure you fully understand the situation to explain while not belaboring your point to antagonize others.
You will be rewarded or punished by the market principle known as risk. Again, the responsibility still resides within you for your decisions. I consider myself an average investor like the many of you (maybe just slightly above average every now and then). Having a process and sticking to it is half the battle. Below is the earlier process I mentioned concerning transforming $200 to $200,000 for you to read and understand at your own discretion:
The $200 to $200,000 Transformation Process...
The “$200 to $200,000 Transformation Process” is where you look to find 10 stocks that will potentially warrant 100% returns from a minimum investment of $200 to obtain wealth by exponentially having a monetary value of $200,000+ dollars. Below I have explained again how this could possibly happen.
The thing that is to be considered is not necessarily the stock, rather it’s the concept of the “$200 to $200,000 Transformation Process” that I think all should consider. The key is to remain discipline and flexible because of how fast things could change within the penny stock world.
I will keep the math simple for calculation processing and I will minus the brokerage fees because of everyone having different brokerage fees. Observe what happens from investing $200 and it exponentially doubles 10 times beginning with Stock 1:
The “$200 to $200,000 Transformation Process”
Stock 1 = $200 to $400
Stock 2 = $400 to $800
Stock 3 = $800 to $1,600
Stock 4 = $1,600 to $3,200
Stock 5 = $3,200 to $6,400
Stock 6 = $6,400 to $12,800
Stock 7 = $12,800 to 25,600
Stock 8 = $25,600 to $51,200
Stock 9 = $51,200 to $102,400
Stock 10 = $102,400 to $204,800
It will be important for you to remain discipline and flexible to know when to move on. You might have to make the call to risk selling above 100% gains or selling at the 50% level for gains, or lower. You might even have to make the decision to pick a percentage drop to cut your losses to move on to a better opportunity. I will not make any decisions for anyone as everyone must be responsible for their own decisions for buying and selling. All I can do is share my thoughts that should be considered speculative in nature.
Something else to note, the higher you go up in money, the better the fundamentals you should be considering to minimize your risk; the choice is yours. Still, other variables will definitely have to be weighed whether to cut your losses and move on or to remain past your 100% gain as risk will always be a very important variable up for consideration. The key thing to consider here is the concept of remaining discipline as profits are achieved.
It doesn’t really matter what process you use; either the $200 to $200,000 process or whatever to your desire. Let’s use as another, yet more, conservative example of ”consistency” where you take $10,000 and set your goals to make 20% return on 2 stocks per month for a total of 20% made on 24 stocks for the year. Let’s go one step further and figure you would use only major market stocks although using penny stocks still could be used under your discretion. Some would consider this to be less risky. Your 20% gains from a minimum of 24 stocks would look like the table below:
The “$10,000 from 20% from 24 Stocks Transformation Process”
Or…
The “$10,000 to $640,000 Transformation Process”
Stock 1 = $10,000 to $12,000
Stock 2 = $12,000 to $14,400
Stock 3 = $14,400 to $17,280
Stock 4 = $17,280 to $20,736
Stock 5 = $20,736 to $24,883
Stock 6 = $24,883 to $29,860
Stock 7 = $29,860 to 25,600
Stock 8 = $25,600 to $38,832
Stock 9 = $35,832 to $42,998
Stock 10 = $42,998 to $51,598
Stock 11 = $51,598 to $61,918
Stock 12 = $61,918 to $74,302
Stock 13 = $74,302 to $89,162
Stock 14 = $89,162 to $106,994
Stock 15 = $106,994 to $128,393
Stock 16 = $128,393 to $150,472
Stock 17 = $150,472 to $180,566
Stock 18 = $180,566 to 216,679
Stock 19 = $216,679 to $260,015
Stock 20 = $260,015 to $312,018
Stock 21 = $312,018 to $374,422
Stock 22 = $374,422 to $449,306
Stock 23 = $449,306 to $539,167
Stock 24 = $539,167 to $647,000
Now imagine if you use half of that $647,000 that you have made for the year to start the process over again for the next year as you kept the other half as profits. Get even more creative and use 2 stocks per month for 10% gains with that process above instead of 20% for a thought too. That would give you an amount of $323,500 for the year. Whatever system or concept works best for you to be at peace with yourself will be fine as long as you maintain some kind of consistency with having a ”plan” and setting goals to where you can have some direction in your inventing tenure.
Remember… people don’t plan on failing, they fail to plan.
Remember too... if you keep doing what you are doing… then you will keep getting what you have been getting.
If you do nothing, then nothing is what you should expect back in return as… nothing ventured, nothing gained.
Only invest what you can afford to lose to where your conscience will not be disturbed if all was lost.
In the example above, no matter how much money your initial investment converts into as profits, it is still money that you never had so always take profits somewhere along the way while still understanding you will have to take “some” risks in order to achieve some gains. The choice will be yours to exercise the option to move on at any time with your profits or losses.
Also consider the profits from the above logic if you discipline yourself to take 50% profits instead of 100% profits. Or five stocks instead of 10 stocks. Hopefully you see the magnitude from simply remaining discipline.
The above thoughts are thoughts to how I think we all should at least take under consideration for understanding investor ”Etiquette” within the market to derive an exit strategy on your own. One of my goals has always been to help many to become prosperous. Hopefully these thoughts can contribute in such!
v/r
Sterling
Strukture, with these NHMD thoughts...
I share your same sentiments here regarding NHMD. I can't believe that some are really trying to compare the old NHMD with the new NHMD and using that as their basis for bashing. I am very very very confident that as time goes on, more and more investors are going to learn that the deal is very real and that NHMD is going to be even bigger than what most of us are imagining right now. I think all should really really read this post below in great detail, along with all of the links within too:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172900346
v/r
Sterling
12ka, let's address your ignorance...
First, I must commend you for coming here to bash me while NHMD is still down here at these levels. I do respect that. With TSNP/HMBL, it went from .0001 to $1.93 per share and nobody was bashing me when it was at .0001 per share or anywhere in the .000s for that matter when I was posting DD on it. Most of the bashing of me didn't really happen until it was on the way down from $1.93 per share and not on the way up. I'm mentioning this to you for a few reasons.
First, NHMD is going to prove to have far more potential for growth than what TSNP/HMBL had.
Second, I've been doing this market thing for over 30 years. There will always be some that win, but there will always be some that lose. It simply comes with the territory. That will be the case here with NHMD too as it later jumps up and down all over the place into the pennies! NHMD will at some point begin to trade at much much higher levels in my opinion because of what I believe the rest of the market will eventually learn as I have already learned... the deal is huge and very very real!
Third, this is a contract and it is huge!
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
Like it or not, you will be proven wrong in my opinion. Just make sure you come back to admit that you were wrong later after things come into fruition so that you can prove that you are a little more than just another basher hiding behind an alias again as usual.
v/r
Sterling
shotsky...
I think we are saying the same thing. I fully understand what you have posted. Bottom line, JP Energy Group will be the sole existing company in NHMD as JP Energy Partners will go away.
What I mean by one in the same is that the one company or person that owns the $268 Million contract is the same other company or person that owns the company that's newly created to accept the contract. JP Energy Partners and JP Energy Group are both owned by John Park (CEO) who is the new NHMD. My point was that the transition of the contract will be seamless with no person getting in the way to delay or stop it. I'm sure he won't be arguing with himself about the deal coming into JP Energy Group. Basically it's like you approving it to go to yourself to a company that you transacted to take the majority control in.
v/r
Sterling
shotsky, very important what some are not realizing...
I think what some are not realizing is that JP Energy Group and JP Energy Partners are basically one in the same. The new CEO (John Park) owns both JP Energy Group and JP Energy Partners. John Park signed off on the contract and on every single page of the contract for JP Energy Partners as proof. Likewise, the other party signed off on the contract too. See within the contract below:
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
JP Energy Group was created for the sole purpose of becoming the incubator to grow all of the current and future ventures through NHMD through having ownership of NHMD as they now have per this PR and 8-K filed with the SEC:
https://www.otcmarkets.com/stock/NHMD/news/story?e&id=2638959
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
Transitioning the huge $268 Million contract from JP Energy Partners to JP Energy Group is a matter of them getting approval from themselves. The transition is basically seamless.
Also too, the contract was already signed by all parties and I believe that there won't be any issues shipping the sugar to China because the sugar is not coming from the US to China. Per the contract, the sugar will be coming from Brazil to China. Hmmm... relationships are very important when doing business of this magnitude for this type of deal. I believe we are in good hands.
v/r
Sterling
Correction: NHMD $268 Million Contract 8-K Filed with SEC...
NHMD $268 Million Contract 8-K Filed with SEC
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001409446/000164033423001741/nhmd_8k.htm
EXHIBIT 99.2
(See page 7/20 for contract details.)
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
NHMD .0692 to $2.11 Per Share Valuations to Consider
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172889783
v/r
Sterling
Correction: NHMD $268 Million Contract 8-K Filed with SEC...
NHMD $268 Million Contract 8-K Filed with SEC
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001409446/000164033423001741/nhmd_8k.htm
EXHIBIT 99.2
(See page 7/20 for contract details.)
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
NHMD .0692 to $2.11 Per Share Valuations to Consider
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172889783
v/r
Sterling
Correction: NHMD $268 Million Contract 8-K Filed with SEC...
NHMD $268 Million Contract 8-K Filed with SEC
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001409446/000164033423001741/nhmd_8k.htm
EXHIBIT 99.2
(See page 7/20 for contract details.)
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
NHMD .0692 to $2.11 Per Share Valuations to Consider
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172889783
v/r
Sterling
BLTH & SGII:NASDAQ Merger News of SEC Registration...
This is more solid news of the BLTH merger into SGII:NASDAQ to actually be happening:
Seaport Global Acquisition II Corp. and American Battery Materials, Inc. Announce Initial Filing of Registration Statement on Form S-4 in Connection With Their Proposed Business Combination
~ Registration Statement on File with the SEC Marks Significant Step Towards Achieving Necessary Approvals for Merger Completion ~
~ Filing Milestone Serves as a Joint Effort on the Heels of ABM’s Recently Announced Commitment to $120 Million Merger ~
NEW YORK and GREENWICH, Conn., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. (NASDAQ: SGII) (“SGII”), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc. (OTC Pink: BLTH) (“ABM” or the “Company”), an environmentally responsible minerals exploration and development company focused on direct lithium extraction and other critical minerals for the global energy transition, announced today SGII filed the initial Registration Statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (“SEC”) as a necessary and critical step towards merger completion.
The Registration Statement contains a preliminary proxy statement/prospectus in connection with the previously announced proposed business combination between SGII and ABM (the “Proposed Business Combination”). While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about SGII and ABM, as well as the Proposed Business Combination.
Stephen Smith, Chief Executive Officer and Chairman of SGII commented: “The filing of the Registration Statement marks an important milestone for us in the process to uplist American Battery Materials to the Nasdaq. We remain confident that ABM is primed and positioned to be a leader in the important lithium supply chain here in the U.S., with its planned use of direct lithium extraction leading the way for an environmentally friendly, cost-effective, and highly scalable business.”
David Graber, Chairman and Co-Chief Executive Officer of ABM added: “Since we first announced the business combination with Seaport back in June, ABM has continued to make great progress. We have significantly expanded our mining claims in the Lisbon Valley of Utah; produced an updated technical report; and, readied ourselves to commence drilling. Further, the demand for lithium continues to far outpace supply. We are excited to have the Registration Statement filed and move forward with the proposed merger, which will be a defining moment for ABM and its shareholders. ABM remains uniquely positioned to capitalize on shifting market dynamics reflecting ongoing electrification trends across the globe, and our planned uplisting to the Nasdaq should enable us to advance our lithium activities to critical mass.”
Proposed Business Combination
On June 2, 2023, SGII and ABM announced the signing of a definitive merger agreement for the Proposed Business Combination that will result in ABM becoming a wholly owned subsidiary of SGII. Following the closing of the Proposed Business Combination, it is expected that the combined company will (i) be renamed “American Battery Materials Holdings”; (ii) have its common stock and warrants listed on the Nasdaq Global Market (“Nasdaq”); and, (iii) be led by the existing management team of ABM in a seamless transition of power.
About Seaport Global Acquisition II Corp.
Seaport Global Acquisition II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
About American Battery Materials, Inc.
American Battery Materials, Inc., (OTC Pink: BLTH), is a U.S.-based environmentally responsible critical minerals exploration and development company focused on Direct Lithium Extraction (DLE) as well as other minerals for refining, processing, and distribution to support the country’s urgent critical minerals need to bolster long-term energy transition and the electrification of the US domestic and global economy. For more information, visit www.americanbatterymaterials.com. The information contained on, or that may be accessed through, this website is not incorporated by reference into, and is not a part of, this communication.
To receive American Battery Materials, Inc. company updates via email, visit the Contact page of our web site, www.americanbatterymaterials.com/contact.
Additional Information about the Proposed Business Combination and Where to Find It
In connection with the Proposed Business Combination, SGII has filed the Registration Statement which includes a preliminary proxy statement/prospectus with the U.S. Securities and Exchange Commission (“SEC”). SGII’s stockholders and other interested persons are advised to read the Registration Statement, as well as other documents filed with the SEC in connection with the Proposed Business Combination, as these materials will contain important information about ABM, SGII and the Proposed Business Combination. When available, the Registration Statement will be mailed to stockholders of SGII as of a record date to be established for voting on, among other things, the Proposed Business Combination. Stockholders will also be able to obtain copies of the Registration Statement and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC's website at www.sec.gov. The information contained on, or that may be accessed through, the websites referenced in this communication is not incorporated by reference into, and is not a part of, this communication.
Participants in Solicitation
SGII and its respective directors and executive officers may be deemed participants in the solicitation of proxies from SGII’s stockholders in connection with the Proposed Business Combination. SGII’s and ABM’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of SGII and ABM in SGII's Annual Report on Form 10-K filed with the SEC on April 4, 2023 and ABM’s Annual Report on Form 10-K filed with the SEC on April 21, 2023. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to SGII stockholders in connection with the Proposed Business Combination is set forth in the Registration Statement. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Proposed Business Combination is included in the Registration Statement that SGII has been filed with the SEC.
Forward Looking Statements
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this communication, regarding SGII’s Proposed Business Combination with ABM, SGII's ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the respective management of SGII and ABM and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of SGII or ABM. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the stockholders of SGII or ABM is not obtained; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to ABM; the amount of redemption requests made by SGII's stockholders; the overall level of consumer demand for lithium; general economic conditions and other factors affecting; disruption and volatility in the global currency, capital, and credit markets; ABM's ability to implement its business and growth strategy; changes in governmental regulation, ABM's exposure to litigation claims and other loss contingencies; disruptions and other impacts to ABM’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response, and as a result of the proposed transaction; ABM's ability to comply with environmental regulations; competitive pressures from many sources, including those, having more experience and better financing; changes in technology that adversely affect demand for lithium compounds; the impact that global climate change trends may have on ABM and its potential mining operations; any breaches of, or interruptions in, SGII's or ABM’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks.
More information on potential factors that could affect SGII’s or ABM's financial results is included from time to time in SGII's and ABM’s public reports filed with the SEC, including their Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K as well as the Registration Statement that SGII has filed with the SEC in connection with SGII’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the Proposed Business Combination. If any of these risks materialize or SGII's or ABM's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither SGII nor ABM presently know, or that SGII and ABM currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SGII's and ABM's expectations, plans or forecasts of future events and views as of the date of this communication. SGII and ABM anticipate that subsequent events and developments will cause their assessments to change. However, while SGII and ABM may elect to update these forward-looking statements at some point in the future, SGII and ABM specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing SGII's or ABM's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
No Offer or Solicitation
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
https://ml.globenewswire.com/Resource/Download/9b839918-db90-4b1d-b1a5-e7fea51cb182Investor Relations Contacts:
Seaport Global Acquisition II Corp.
Gateway Group, Inc.
Ralf Esper
(949) 574-3860
sg2@gateway-grp.com
American Battery Materials, Inc.
Investor Relations
Email: IR@AmericanBatteryMaterials.com
Tel: (800) 998-7962
or
MZ Group
Michael Kim
(737) 289-0835
michael.kim@mzgroup.us
BLTH & SGII:NASDAQ Merger News of SEC Registration...
This is more solid news of the BLTH merger into SGII:NASDAQ to actually be happening:
Seaport Global Acquisition II Corp. and American Battery Materials, Inc. Announce Initial Filing of Registration Statement on Form S-4 in Connection With Their Proposed Business Combination
~ Registration Statement on File with the SEC Marks Significant Step Towards Achieving Necessary Approvals for Merger Completion ~
~ Filing Milestone Serves as a Joint Effort on the Heels of ABM’s Recently Announced Commitment to $120 Million Merger ~
NEW YORK and GREENWICH, Conn., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. (NASDAQ: SGII) (“SGII”), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc. (OTC Pink: BLTH) (“ABM” or the “Company”), an environmentally responsible minerals exploration and development company focused on direct lithium extraction and other critical minerals for the global energy transition, announced today SGII filed the initial Registration Statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (“SEC”) as a necessary and critical step towards merger completion.
The Registration Statement contains a preliminary proxy statement/prospectus in connection with the previously announced proposed business combination between SGII and ABM (the “Proposed Business Combination”). While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about SGII and ABM, as well as the Proposed Business Combination.
Stephen Smith, Chief Executive Officer and Chairman of SGII commented: “The filing of the Registration Statement marks an important milestone for us in the process to uplist American Battery Materials to the Nasdaq. We remain confident that ABM is primed and positioned to be a leader in the important lithium supply chain here in the U.S., with its planned use of direct lithium extraction leading the way for an environmentally friendly, cost-effective, and highly scalable business.”
David Graber, Chairman and Co-Chief Executive Officer of ABM added: “Since we first announced the business combination with Seaport back in June, ABM has continued to make great progress. We have significantly expanded our mining claims in the Lisbon Valley of Utah; produced an updated technical report; and, readied ourselves to commence drilling. Further, the demand for lithium continues to far outpace supply. We are excited to have the Registration Statement filed and move forward with the proposed merger, which will be a defining moment for ABM and its shareholders. ABM remains uniquely positioned to capitalize on shifting market dynamics reflecting ongoing electrification trends across the globe, and our planned uplisting to the Nasdaq should enable us to advance our lithium activities to critical mass.”
Proposed Business Combination
On June 2, 2023, SGII and ABM announced the signing of a definitive merger agreement for the Proposed Business Combination that will result in ABM becoming a wholly owned subsidiary of SGII. Following the closing of the Proposed Business Combination, it is expected that the combined company will (i) be renamed “American Battery Materials Holdings”; (ii) have its common stock and warrants listed on the Nasdaq Global Market (“Nasdaq”); and, (iii) be led by the existing management team of ABM in a seamless transition of power.
About Seaport Global Acquisition II Corp.
Seaport Global Acquisition II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
About American Battery Materials, Inc.
American Battery Materials, Inc., (OTC Pink: BLTH), is a U.S.-based environmentally responsible critical minerals exploration and development company focused on Direct Lithium Extraction (DLE) as well as other minerals for refining, processing, and distribution to support the country’s urgent critical minerals need to bolster long-term energy transition and the electrification of the US domestic and global economy. For more information, visit www.americanbatterymaterials.com. The information contained on, or that may be accessed through, this website is not incorporated by reference into, and is not a part of, this communication.
To receive American Battery Materials, Inc. company updates via email, visit the Contact page of our web site, www.americanbatterymaterials.com/contact.
Additional Information about the Proposed Business Combination and Where to Find It
In connection with the Proposed Business Combination, SGII has filed the Registration Statement which includes a preliminary proxy statement/prospectus with the U.S. Securities and Exchange Commission (“SEC”). SGII’s stockholders and other interested persons are advised to read the Registration Statement, as well as other documents filed with the SEC in connection with the Proposed Business Combination, as these materials will contain important information about ABM, SGII and the Proposed Business Combination. When available, the Registration Statement will be mailed to stockholders of SGII as of a record date to be established for voting on, among other things, the Proposed Business Combination. Stockholders will also be able to obtain copies of the Registration Statement and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC's website at www.sec.gov. The information contained on, or that may be accessed through, the websites referenced in this communication is not incorporated by reference into, and is not a part of, this communication.
Participants in Solicitation
SGII and its respective directors and executive officers may be deemed participants in the solicitation of proxies from SGII’s stockholders in connection with the Proposed Business Combination. SGII’s and ABM’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of SGII and ABM in SGII's Annual Report on Form 10-K filed with the SEC on April 4, 2023 and ABM’s Annual Report on Form 10-K filed with the SEC on April 21, 2023. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to SGII stockholders in connection with the Proposed Business Combination is set forth in the Registration Statement. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Proposed Business Combination is included in the Registration Statement that SGII has been filed with the SEC.
Forward Looking Statements
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this communication, regarding SGII’s Proposed Business Combination with ABM, SGII's ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the respective management of SGII and ABM and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of SGII or ABM. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the stockholders of SGII or ABM is not obtained; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to ABM; the amount of redemption requests made by SGII's stockholders; the overall level of consumer demand for lithium; general economic conditions and other factors affecting; disruption and volatility in the global currency, capital, and credit markets; ABM's ability to implement its business and growth strategy; changes in governmental regulation, ABM's exposure to litigation claims and other loss contingencies; disruptions and other impacts to ABM’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response, and as a result of the proposed transaction; ABM's ability to comply with environmental regulations; competitive pressures from many sources, including those, having more experience and better financing; changes in technology that adversely affect demand for lithium compounds; the impact that global climate change trends may have on ABM and its potential mining operations; any breaches of, or interruptions in, SGII's or ABM’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks.
More information on potential factors that could affect SGII’s or ABM's financial results is included from time to time in SGII's and ABM’s public reports filed with the SEC, including their Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K as well as the Registration Statement that SGII has filed with the SEC in connection with SGII’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the Proposed Business Combination. If any of these risks materialize or SGII's or ABM's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither SGII nor ABM presently know, or that SGII and ABM currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SGII's and ABM's expectations, plans or forecasts of future events and views as of the date of this communication. SGII and ABM anticipate that subsequent events and developments will cause their assessments to change. However, while SGII and ABM may elect to update these forward-looking statements at some point in the future, SGII and ABM specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing SGII's or ABM's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
No Offer or Solicitation
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
https://ml.globenewswire.com/Resource/Download/9b839918-db90-4b1d-b1a5-e7fea51cb182Investor Relations Contacts:
Seaport Global Acquisition II Corp.
Gateway Group, Inc.
Ralf Esper
(949) 574-3860
sg2@gateway-grp.com
American Battery Materials, Inc.
Investor Relations
Email: IR@AmericanBatteryMaterials.com
Tel: (800) 998-7962
or
MZ Group
Michael Kim
(737) 289-0835
michael.kim@mzgroup.us
BLTH & SGII:NASDAQ Merger News of SEC Registration...
This is more solid news of the BLTH merger into SGII:NASDAQ to actually be happening:
Seaport Global Acquisition II Corp. and American Battery Materials, Inc. Announce Initial Filing of Registration Statement on Form S-4 in Connection With Their Proposed Business Combination
~ Registration Statement on File with the SEC Marks Significant Step Towards Achieving Necessary Approvals for Merger Completion ~
~ Filing Milestone Serves as a Joint Effort on the Heels of ABM’s Recently Announced Commitment to $120 Million Merger ~
NEW YORK and GREENWICH, Conn., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. (NASDAQ: SGII) (“SGII”), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc. (OTC Pink: BLTH) (“ABM” or the “Company”), an environmentally responsible minerals exploration and development company focused on direct lithium extraction and other critical minerals for the global energy transition, announced today SGII filed the initial Registration Statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (“SEC”) as a necessary and critical step towards merger completion.
The Registration Statement contains a preliminary proxy statement/prospectus in connection with the previously announced proposed business combination between SGII and ABM (the “Proposed Business Combination”). While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about SGII and ABM, as well as the Proposed Business Combination.
Stephen Smith, Chief Executive Officer and Chairman of SGII commented: “The filing of the Registration Statement marks an important milestone for us in the process to uplist American Battery Materials to the Nasdaq. We remain confident that ABM is primed and positioned to be a leader in the important lithium supply chain here in the U.S., with its planned use of direct lithium extraction leading the way for an environmentally friendly, cost-effective, and highly scalable business.”
David Graber, Chairman and Co-Chief Executive Officer of ABM added: “Since we first announced the business combination with Seaport back in June, ABM has continued to make great progress. We have significantly expanded our mining claims in the Lisbon Valley of Utah; produced an updated technical report; and, readied ourselves to commence drilling. Further, the demand for lithium continues to far outpace supply. We are excited to have the Registration Statement filed and move forward with the proposed merger, which will be a defining moment for ABM and its shareholders. ABM remains uniquely positioned to capitalize on shifting market dynamics reflecting ongoing electrification trends across the globe, and our planned uplisting to the Nasdaq should enable us to advance our lithium activities to critical mass.”
Proposed Business Combination
On June 2, 2023, SGII and ABM announced the signing of a definitive merger agreement for the Proposed Business Combination that will result in ABM becoming a wholly owned subsidiary of SGII. Following the closing of the Proposed Business Combination, it is expected that the combined company will (i) be renamed “American Battery Materials Holdings”; (ii) have its common stock and warrants listed on the Nasdaq Global Market (“Nasdaq”); and, (iii) be led by the existing management team of ABM in a seamless transition of power.
About Seaport Global Acquisition II Corp.
Seaport Global Acquisition II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
About American Battery Materials, Inc.
American Battery Materials, Inc., (OTC Pink: BLTH), is a U.S.-based environmentally responsible critical minerals exploration and development company focused on Direct Lithium Extraction (DLE) as well as other minerals for refining, processing, and distribution to support the country’s urgent critical minerals need to bolster long-term energy transition and the electrification of the US domestic and global economy. For more information, visit www.americanbatterymaterials.com. The information contained on, or that may be accessed through, this website is not incorporated by reference into, and is not a part of, this communication.
To receive American Battery Materials, Inc. company updates via email, visit the Contact page of our web site, www.americanbatterymaterials.com/contact.
Additional Information about the Proposed Business Combination and Where to Find It
In connection with the Proposed Business Combination, SGII has filed the Registration Statement which includes a preliminary proxy statement/prospectus with the U.S. Securities and Exchange Commission (“SEC”). SGII’s stockholders and other interested persons are advised to read the Registration Statement, as well as other documents filed with the SEC in connection with the Proposed Business Combination, as these materials will contain important information about ABM, SGII and the Proposed Business Combination. When available, the Registration Statement will be mailed to stockholders of SGII as of a record date to be established for voting on, among other things, the Proposed Business Combination. Stockholders will also be able to obtain copies of the Registration Statement and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC's website at www.sec.gov. The information contained on, or that may be accessed through, the websites referenced in this communication is not incorporated by reference into, and is not a part of, this communication.
Participants in Solicitation
SGII and its respective directors and executive officers may be deemed participants in the solicitation of proxies from SGII’s stockholders in connection with the Proposed Business Combination. SGII’s and ABM’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of SGII and ABM in SGII's Annual Report on Form 10-K filed with the SEC on April 4, 2023 and ABM’s Annual Report on Form 10-K filed with the SEC on April 21, 2023. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to SGII stockholders in connection with the Proposed Business Combination is set forth in the Registration Statement. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Proposed Business Combination is included in the Registration Statement that SGII has been filed with the SEC.
Forward Looking Statements
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this communication, regarding SGII’s Proposed Business Combination with ABM, SGII's ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the respective management of SGII and ABM and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of SGII or ABM. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the stockholders of SGII or ABM is not obtained; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to ABM; the amount of redemption requests made by SGII's stockholders; the overall level of consumer demand for lithium; general economic conditions and other factors affecting; disruption and volatility in the global currency, capital, and credit markets; ABM's ability to implement its business and growth strategy; changes in governmental regulation, ABM's exposure to litigation claims and other loss contingencies; disruptions and other impacts to ABM’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response, and as a result of the proposed transaction; ABM's ability to comply with environmental regulations; competitive pressures from many sources, including those, having more experience and better financing; changes in technology that adversely affect demand for lithium compounds; the impact that global climate change trends may have on ABM and its potential mining operations; any breaches of, or interruptions in, SGII's or ABM’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks.
More information on potential factors that could affect SGII’s or ABM's financial results is included from time to time in SGII's and ABM’s public reports filed with the SEC, including their Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K as well as the Registration Statement that SGII has filed with the SEC in connection with SGII’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the Proposed Business Combination. If any of these risks materialize or SGII's or ABM's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither SGII nor ABM presently know, or that SGII and ABM currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SGII's and ABM's expectations, plans or forecasts of future events and views as of the date of this communication. SGII and ABM anticipate that subsequent events and developments will cause their assessments to change. However, while SGII and ABM may elect to update these forward-looking statements at some point in the future, SGII and ABM specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing SGII's or ABM's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
No Offer or Solicitation
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
https://ml.globenewswire.com/Resource/Download/9b839918-db90-4b1d-b1a5-e7fea51cb182Investor Relations Contacts:
Seaport Global Acquisition II Corp.
Gateway Group, Inc.
Ralf Esper
(949) 574-3860
sg2@gateway-grp.com
American Battery Materials, Inc.
Investor Relations
Email: IR@AmericanBatteryMaterials.com
Tel: (800) 998-7962
or
MZ Group
Michael Kim
(737) 289-0835
michael.kim@mzgroup.us
RIGATONI, see page 7/20 for $268 Million details! (EOM)
NHMD $268 Million Contract 8-K Filed with SEC...
NHMD $268 Million Contract 8-K Filed with SEC
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001409446/000164033423001741/nhmd_8k.htm
EXHIBIT 99.2
http://archive.fast-edgar.com/20230926/AG22K62CZ222QZZ2222B2Z4DADMMFC22I252/nhmd_ex992.htm
NHMD .0692 to $2.11 Per Share Valuations to Consider
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
v/r
Sterling
NHMD $268 Million Contract 8-K Filed with SEC...
NHMD $268 Million Contract 8-K Filed with SEC
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001409446/000164033423001741/nhmd_8k.htm
EXHIBIT 99.2
http://archive.fast-edgar.com/20230926/AG22K62CZ222QZZ2222B2Z4DADMMFC22I252/nhmd_ex992.htm
NHMD .0692 to $2.11 Per Share Valuations to Consider
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
v/r
Sterling
NHMD $268 Million Contract 8-K Filed with SEC...
NHMD $268 Million Contract 8-K Filed with SEC
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001409446/000164033423001741/nhmd_8k.htm
EXHIBIT 99.2
http://archive.fast-edgar.com/20230926/AG22K62CZ222QZZ2222B2Z4DADMMFC22I252/nhmd_ex992.htm
NHMD .0692 to $2.11 Per Share Valuations to Consider
https://www.sec.gov/Archives/edgar/data/1409446/000164033423001741/nhmd_ex992.htm
v/r
Sterling
Coincidence: JP stands for John Park IMHO. (EOM)
medsouth, with this PMPG website update...
It's been a long time coming. I believe that they believe that they do have something really big. This is solid to me with PMPG as it strongly suggests that there is some life that could be coming back into PMPG. Hmmm... a resurrection of sorts,,,
OwnerBDXL, with that thought...
I'm posting facts not pumping for NHMD. I posted regarding the phone number, not the website. The 8-K confirmed that a new company was merging into NHMD called JP Energy Group of which this appears to be their website:
https://www.jpenergygroup.com/
That newly updated phone number on OTC Markets is a real phone number. I called it and left a message for someone to give me a call back. It's the updated number that they just put on OTC Markets. I believe that's an official source that investors are supposed to use for due diligence.
v/r
Sterling
NHMD Updated New Contact Number on OTC Markets...
NHMD Updated New Contact Number on OTC Markets
https://www.otcmarkets.com/stock/NHMD/profile
NHMD Updated New Contact Number on OTC Markets...
NHMD Updated New Contact Number on OTC Markets
https://www.otcmarkets.com/stock/NHMD/profile
NHMD Updated New Contact Number on OTC Markets...
NHMD Updated New Contact Number on OTC Markets
https://www.otcmarkets.com/stock/NHMD/profile
invader Zim...
I'm not sure. I'm new to learning about this deal with NHMD. The good news is that per their 8-K that was recently filed, it was stated that the change of control will occur upon the issuance of the 18,000,000 shares of Series A Preferred Stock:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
So the deal is nondilutive to common shares. Plus they have been cancelling shares instead of adding shares through dilution.
v/r
Sterling
Dingbatt, with that matter...
I'm sure there is some kind of shorting going on, but I'm taking my chances that the substance with NHMD that has been delivered and that will be delivered will fix any or all shorting situations that would be in need of covering if any exists. I've been holding NHMD for a long time and on its most recent news, I definitely will be exercising patience to let things mature.
v/r
Sterling
HoldEm777, NHMD 1 Billion Shares Cancellation of Common Stock...
Yes, they did or I think maybe still in the process of cancelling the rest of them. Read below:
NHMD 1 Billion Shares Cancellation of Common Stock
https://www.otcmarkets.com/stock/NHMD/news/story?e&id=2598298
v/r
Sterling
NHMD Valuations in Proper Perspective...
NHMD is now worth quite a few pennies or more based upon their recent 8-K filing and news of which I will explain later in detail within this post. NHMD traded 812,729,081 shares this past Thursday, Sep 21 2023 which is huge volume. Then on the next day, Friday, Sep 22 2023, NHMD traded 945,831,844 shares which is also huge volume:
https://ih.advfn.com/stock-market/USOTC/nates-food-pk-NHMD/historical
NHMD is a fully reporting company that files audited financials with the SEC. I think I need to try to put the potential here with NHMD into proper perspective. On Sep 21, 2023, NHMD filed an 8-K with the SEC confirming the Change of Control of NHMD going over to JP Energy Group. The beauty about this deal is that JP Energy Group is in the process of having transferred over to them, all rights to the sale of the sugar of the Sugar Contract from JP Energy Partners that has a maximum value of $268,140,000 including all fees and discounts per the 8-K filed by NHMD below which is one of the prerequisites to move forward:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
The other and last prerequisite to move forward is for JP Energy Group to secure the necessary financing for the sugar contract. The 8-K indicated that JP Energy Group is in the process of finalizing the bank financing for the transaction which is contingent to close on the transaction above:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
That means that things should be happening fairly soon in my opinion. All systems are a go or should be in place for them to move forward in a huge way or no way would JP energy Group have completed the Change of Control to take over NHMD right at this moment.
I think we need to understand a few different valuation considerations that exist here in NHMD with this new merger being consummated. Before I explain a few different valuation considerations, I think there is a little more that should be learned regarding the legitimacy of NHMD and JP Energy Group.
NHMD Cancelling 1 Billion common shares instead of adding common shares. In my opinion, this was in preparation for the merger to move forward:
Nate's Food Co Announces Common Stock Cancellation of 1 Billion Shares
https://www.otcmarkets.com/stock/NHMD/news/story?e&id=2598298
Terminal Marítimo GNL Talcahuano
https://www.gnlt.cl/index_en.php
BK Energy
https://www.bkenergy-hongkong.com/
IRONTREE Energy
https://www.irontreeenergy.com/
EPIC ESG
https://epicesg.com/
GMIB Group S.A.S.
http://gmibgroup.com/
NHMD Valuations in Proper Perspective...
NHMD is now worth quite a few pennies or more based upon their recent 8-K filing and news of which I will explain later in detail within this post. NHMD traded 812,729,081 shares this past Thursday, Sep 21 2023 which is huge volume. Then on the next day, Friday, Sep 22 2023, NHMD traded 945,831,844 shares which is also huge volume:
https://ih.advfn.com/stock-market/USOTC/nates-food-pk-NHMD/historical
NHMD is a fully reporting company that files audited financials with the SEC. I think I need to try to put the potential here with NHMD into proper perspective. On Sep 21, 2023, NHMD filed an 8-K with the SEC confirming the Change of Control of NHMD going over to JP Energy Group. The beauty about this deal is that JP Energy Group is in the process of having transferred over to them, all rights to the sale of the sugar of the Sugar Contract from JP Energy Partners that has a maximum value of $268,140,000 including all fees and discounts per the 8-K filed by NHMD below which is one of the prerequisites to move forward:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
The other and last prerequisite to move forward is for JP Energy Group to secure the necessary financing for the sugar contract. The 8-K indicated that JP Energy Group is in the process of finalizing the bank financing for the transaction which is contingent to close on the transaction above:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
That means that things should be happening fairly soon in my opinion. All systems are a go or should be in place for them to move forward in a huge way or no way would JP energy Group have completed the Change of Control to take over NHMD right at this moment.
I think we need to understand a few different valuation considerations that exist here in NHMD with this new merger being consummated. Before I explain a few different valuation considerations, I think there is a little more that should be learned regarding the legitimacy of NHMD and JP Energy Group.
NHMD Cancelling 1 Billion common shares instead of adding common shares. In my opinion, this was in preparation for the merger to move forward:
Nate's Food Co Announces Common Stock Cancellation of 1 Billion Shares
https://www.otcmarkets.com/stock/NHMD/news/story?e&id=2598298
Terminal Marítimo GNL Talcahuano
https://www.gnlt.cl/index_en.php
BK Energy
https://www.bkenergy-hongkong.com/
IRONTREE Energy
https://www.irontreeenergy.com/
EPIC ESG
https://epicesg.com/
GMIB Group S.A.S.
http://gmibgroup.com/
RIGATONI, NHMD Valuations in Proper Perspective...
NHMD is now worth quite a few pennies or more based upon their recent 8-K filing and news of which I will explain later in detail within this post. NHMD traded 812,729,081 shares this past Thursday, Sep 21 2023 which is huge volume. Then on the next day, Friday, Sep 22 2023, NHMD traded 945,831,844 shares which is also huge volume:
https://ih.advfn.com/stock-market/USOTC/nates-food-pk-NHMD/historical
NHMD is a fully reporting company that files audited financials with the SEC. I think I need to try to put the potential here with NHMD into proper perspective. On Sep 21, 2023, NHMD filed an 8-K with the SEC confirming the Change of Control of NHMD going over to JP Energy Group. The beauty about this deal is that JP Energy Group is in the process of having transferred over to them, all rights to the sale of the sugar of the Sugar Contract from JP Energy Partners that has a maximum value of $268,140,000 including all fees and discounts per the 8-K filed by NHMD below which is one of the prerequisites to move forward:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
The other and last prerequisite to move forward is for JP Energy Group to secure the necessary financing for the sugar contract. The 8-K indicated that JP Energy Group is in the process of finalizing the bank financing for the transaction which is contingent to close on the transaction above:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth
That means that things should be happening fairly soon in my opinion. All systems are a go or should be in place for them to move forward in a huge way or no way would JP energy Group have completed the Change of Control to take over NHMD right at this moment.
I think we need to understand a few different valuation considerations that exist here in NHMD with this new merger being consummated. Before I explain a few different valuation considerations, I think there is a little more that should be learned regarding the legitimacy of NHMD and JP Energy Group.
NHMD Cancelling 1 Billion common shares instead of adding common shares. In my opinion, this was in preparation for the merger to move forward:
Nate's Food Co Announces Common Stock Cancellation of 1 Billion Shares
https://www.otcmarkets.com/stock/NHMD/news/story?e&id=2598298
Terminal Marítimo GNL Talcahuano
https://www.gnlt.cl/index_en.php
BK Energy
https://www.bkenergy-hongkong.com/
IRONTREE Energy
https://www.irontreeenergy.com/
EPIC ESG
https://epicesg.com/
GMIB Group S.A.S.
http://gmibgroup.com/
agblanco, respectfully and humbly speaking...
In the end, if I have to settle for a 3x bagger, then I will humbly do so. I must tell you though that I would not have ever bought BLTH if all I saw for it's potential was for it to be a 3x bagger. I don't want to sound haughty or arrogant or anything in relation to such, but my experiences over the years that I have ever seen or witnessed within the market have spoiled me to expect something far greater. I'm taking the risk that their lithium will prove me right.
There is a lot that goes into a company doing a merger, especially this merger here with BLTH merging into SGII:NASDAQ. I'm confident that when companies execute a merger within the market, they are not doing it to have their valuation peak at 3x times greater than its original valuation pre-merger.
v/r
Sterling
ipiros, I think this is the thought...
I think the thought is not for it to be an "even" tradeoff for BLTH shareholders, but to be a "valuable" tradeoff for BLTH shareholders because of the believed valuation in their lithium projects that will be made to manifest into a reality. Remember, Insiders own the vast majority of common shares so really we are here coming along just for the ride with our small positions of common shares. I think the management team here believes in their lithium valuation and believes in how they are going to bring huge value to their huge position of common shares even though it's through some kind of a rollback.
Some kind of rollback will happen here with BLTH. The management believes that the rollback is primarily to get BLTH to higher share prices via trading on the NASDAQ. This will be either be through the 1-300 reverse split that was filed or through the reverse merger process with BLTH merging into SGII:NASDAQ.
Some have been informed that the 1-300 reverse split is expected to happen any day now. I am aware of that. The reverse split has been filed with FINRA and we know from their 8-K filing that they also reserve the right to cancel it too. Now that they have PR-ed that they are definitely moving forward with the merger into SGII:NASDAQ, then if they don't cancel the reverse split and they do execute the 1-300 reverse split, then I would suspect the distribution ratio for our shares in SGII:NASDAQ to be updated to something much more conservative to keep from wiping out the common shares since Insiders own the vast majority of the common shares by far. Bottom line, that is why the Insiders will make sure the common shareholders win because if they win... we win.
v/r
Sterling
agblanco, to add regarding the reverse split...
From my understanding after talking back in July 2023 to the IR guy from BLTH (Jody), we should not be experiencing two rollbacks of our shares. It will either be a rollback of our shares through the 1-300 reverse split or it will be a rollback of our shares through BLTH merging into SGII to get to the NASDAQ. The thought was that the 1-300 was only going to happen if for some reason the SGII:NASDAQ deal had gotten canceled. Per the recent confirmation from the PR released on Sep 18, 2023, the deal is definitely going to happen. Read below:
https://www.otcmarkets.com/stock/BLTH/news/story?e&id=2634375
From my understanding, I think the 1-300 reverse split has been filed with FINRA, but I believe although it was filed, per the 8-K below filed on Aug 8, 2023, under ITEM 5.03, in the first paragraph towards the end, the Board will have the discretion to determine whether or not a reverse stock split is to be effected as it states:
https://www.otcmarkets.com/filing/html?id=16846178&guid=vSg-kKpyTA7-B3h
This is why I believe that the Board executed that right and decided to not execute the reverse split. This means that we should only be seeing one rollback of our shares. The Insiders own a huge amount of shares of BLTH. It doesn't make any sense that they would screw us shareholders and screw themselves by doing two rollbacks.
v/r
Sterling
Why reverse split won't happen per the company: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172438697
NHMD @.0002 is a solid lotto risk IMHO: https://www.otcmarkets.com/filing/html?id=16941153&guid=Kfg-kqu4l4GaJth
Maria56, huge elementary difference...
That guy never made it to being the President and a Director of MONI. He never made it to their OTC Markets Profile page. This guy did!!! That's a huge elementary difference in credibility and legitimacy! Wow you really are going to compare their resumes?
Apparently you didn't read it. Here it is again for you to see that there is no comparison... Scott Harmolin wins as the new President and Director for MONI:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172865809
v/r
Sterling
JPS02, again, with someone this huge...
Thanks. A man that is this huge with his achievements would never come on board with MONI unless he was 100% absolutely for sure that something huge was coming into MONI that would be as big or bigger than his past achievements. This is only my opinion. This new President and Director is a major market mentality kind of guy based on researching his achievements as I had previously posted. He is not here to have his name tarnished. This guy could care less about where MONI has been. So those stuck in the past with MONI, that is where they will be left behind at. He is only going to care about where MONI is going! It appears that MONI clearly understands that you cannot change the past, but you can only improve on the present and future. I have a feeling that we are going to be pleasantly surprised a few times on this MONI journey of growth!
v/r
Sterling
Huge New MONI President/Director Scott Harmolin! The Meaning…
There has been a game of chess being played between those who believe in MONI versus those who don’t believe in MONI. Well, this addition of Scott Harmolin as a new Director & President of MONI is a move that’s known within the game of chess as… Checkmate!
Under the leadership of Scott Harmolin… Icon CMT Corp grew to 450 employees and $100 Million in revenues. Then the company successfully executed an IPO in 1998. During that same year, Icon was acquired by Qwest Communications for $180 Million:
https://www.crunchbase.com/person/scott-harmolin
This was the perfect ”Exit Strategy” and this is what I believe what is being set up here with MONI. He is here to see to it that MONI grows to generate over $100 Million in revenues like his other company and gets bought out by a huge Multi-billion dollar company. This is what I'm choosing to believe.
Think about it. Why else would a man of this stature be here putting his name to little old MONI? Those who don’t see it now, will see it later. He is here because he knows where this is going based on what he knows to be coming into MONI or no way would this guy put his name to the little pink sheet stock known as MONI.
Again, important to note, Qwest acquired his company (Icon) for $180 Million. For inquiring minds, Qwest peak revenues was $11.4 Billion in 2022 with 30,000 employees:
https://www.zippia.com/qwest-careers-61119/revenue/
Qwest was later bought out by CenturyLink.
CenturyLink later merged to be Lumen Technologies which generated revenues of $17.48 Billion: .
https://www.statista.com/statistics/209525/operative-revenues-of-centurylink-since-2005/#:~:text=In%202022%2C%20Lumen%20Technologies'%20(,recorded%20in%20the%20previous%20year.
There is more that goes along with that which was mentioned above, but I think we all should understand the magnitude of what’s going on here with MONI based on this first person of management (Scott Harmolin) being added. I believe this is liftoff!
MONI Confirmation Tweet of Scott Harmolin on board as the President and a Director and Updated on OTC Markets Profile for MONI:
https://www.otcmarkets.com/stock/MONI/profile
$MONI We would like to welcome Scott Harmolin to the Board of Directors of MONI, upon vetting by otc he will become President of the Company more board members to be announced.
— MOON EQUITY HOLDINGS (@MoonEquity) September 20, 2023