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Yeah, the issue with that discussion is the next step is to hash out the court case. I'm not a lawyer and I'm guessing Reddit user Billy Bumbler isn't either haha.
I'm resigned to just let the IBAT team deliver on their business plan. Anyone that misses out can go "Brandon" themselves. I hear that's what the people are saying these days. I don't get out much :)
I see someone giving you a hard time on the lawsuit over there.
Probably why on one of the lawsuit updates I noticed this. I'd have to look back up where I found this originally, I just grabbed it from a previous post of mine.
IBAT has been significantly injured by Plaintiffs’ conduct. Depending on the resolution of the pending motion to dismiss, Defendants may assert counterclaims against Plaintiffs Borgese, Privitera, and/or NAL.
Haha, at least once :)
That's awesome if they scale it. "Plug & play" into existing infrastructure makes it easier to implement if it scales.
A scalable, carbon-neutral drop-in supplement for fossil fuels capable of integrating into our existing infrastructure could also have significant environmental and market impact. Twelve estimates its system could address “up to 10% of total global emissions and up to 50% of difficult to decarbonize industrial emissions”.
I can't sleep. They need to hurry and let us know haha
That's actually why I like the RM idea. Right now, it's the investors doing the funny math. Make Piper Sandler do the funny math and inject it into the IBAT corporate structure. Then finally, investors can just speculate on the value of the whole thing.
This is a great, thanks for sharing!
I was actually thinking the same when you said you're close to retirement. We all have different risk tolerances based on our situations and parameters. It's all good.
IBAT delivers, lambo soon haha
Yeah, that's even kind of intuitive. Meaning, there's a group of us that have been accumulating over the year(s) with no intention of selling at any price near here. How many shareholders does IBAT have that really would start selling at $1.50 when this takes off (who knows but fun think about)? Should be fun when IBAT delivers.
We get paid when IBAT actually delivers. That's what I think you're getting after which you're not wrong on if that's the case. This is currently priced at a "ok Burba, we hear your claims, see your patents but show us the results". We don't get our lofty price target without delivery.
If we don't get the results delivered, we will not be getting paid. Until then, we're at the whim of personal trading and if someone exits because they're tired of waiting or need to pay for a new roof on their house, they both result in the same to me, price goes down. Both become distant memories if we get the news we're all anxiously waiting for.
And if for some reason the whole things falls down and Burba never delivers, those still holding, lose. Obviously not what I'm looking for which is why I have no issues for people wanting to see the goods, so do I.
But, we're end of October and their first legal agreement has end of December, so I wait.
I see investor sentiment could be described as anxious haha.
I'm anxious as well and have no issues with shareholders wanting updates. I haven't been around nearly as long as others so maybe I have a little more patience at this point. The put up or shut up milestone is coming here quickly. They'll have to change website content and licensing agreements. We'll know if they have to move the timelines again soon.
Reminder for all on what the licensing timelines are:
The Company has been delayed in finalizing the engineering and the sourcing of equipment and fabricators to build the initial mobile extraction unit for deployment in South America. As a result, the current proposed build of the first field unit is expected to be delayed. These delays resulted in the Company agreeing to extend the Ensorcia Licensing agreement until December 31, 2021 with Sorcia and by June 30, 2022 with
EAL due to the various issues, delays, and problems created by the coronavirus.
I kept hearing they'd be willing to rent or buy a pilot to speed up their timeline. I think I heard Chris say getting this running is the main reason there's a 2025-2027 overall timeline range.
But I might be too high haha.
Just going to have to hit that ask haha. I'm riding or dying this thing haha.
I definitely got the positive in the "persuasive". Where my ignorance came was not really knowing the implications of "double patented" because without careful reading that sounds bad haha. But when it's the same person, very fixable! I feel like I have to end every message with how pumped I am for this to all come out and for the market to take notice. Just amped.
Awesome! I always appreciate the different types of inputs different people are able to provide on these boards. Some legal, chartists, all the way to the LinkedIn sleuths :)
Hoping someone chimes in. I'm SO ignorant of the patent process haha.
How do we sleep at night? Lol. There's a lot of money going around and we're sitting at 75 million or so market cap. Hard to imagine a deal that ins't going to bring a big ROI for shareholders. I'm amped.
I'll be thrilled with that!
Impeccable timing of your post of more deals :)
https://www.prnewswire.com/news-releases/international-battery-metals-engages-piper-sandler--co-as-financial-advisor-301395257.html
It's back up now.
Not loading for me.
Update out on pacer. Just seems like another formal explanation of the claims being made and how they're invalid and should be dismissed.
Interesting quote:
IBAT has been significantly injured by Plaintiffs’ conduct. Depending on the resolution of the pending motion to dismiss, Defendants may assert counterclaims against Plaintiffs Borgese, Privitera, and/or NAL.
I'm not finding anything in my search. Do you know if those are the case #s? The 'D" seems to throw off the search. It's typically year ,case type, and then case number.
CV is civil and I assume the beginning numbers are the year. Just not sure what the D would be for. Taking out the D, I don't see anything for here unless I'm missing something. Let me know if I should be looking for something else and I'd be happy to look.
While I was in there, I see the case is getting reassigned. This appears to be more the result of the non consent given last week. Looks like they have to schedule the conference so not sure if September 9th will still be the next date.
It'd be perfect time for IBAT to get that IBATF.
What hasn't been clear to me with the rule change is dual listed stocks like IBAT. RHHNF shows as pink current here https://www.otcmarkets.com/stock/rhhnf/security. But, all their financials are with the CSE which I'd think that's why they're considered "current" and not have a stop sign. I don't see much mention of how dual listed stocks will work. Do you have insight on this part?
Yeah, not sure when the updates typically hit but it is a court in Colorado so I suppose they can be later in the day for some.
Yeah, there's a lot about control/interest in IBAT so I've always hoped that this is just fighting over slices of the pie but in the end IBAT has their pie :). I'm pretty ignorant when it comes to what to expect in these types of court cases and quantifying the possible outcomes in how it relates to IBAT shareholders. So, I definitely appreciate others thoughts.
Case update is out on pacer. Here's the tidbits I found interesting but speak up if anyone looks in pacer and has valuable analysis beyond my amateur hour when it comes to court docs haha.
The court schedule plan is there. I'm seeing dates all the way to May of 2022 if it were to go that far out. Not sure if these are just "worst case" deadlines.
There's a section that talks about the motion to dismiss, seems like that has yet to be addressed by the court and is part of the upcoming process.
There is this in the court doc so who knows how long it'll really go.
The Parties are not opposed to the possibility of a prompt settlement or resolution by alternative despite resolution.
Maybe they can resubmit a plan showing a licensing agreement with IBAT :)
Update on the case in PACER. Plaintiff's requesting for the September 9th hearing to be done via telephone conference due to covid.
Doesn't seem to me the motion to dismiss is fully addressed yet but I'm just an investor looking at court docs haha.
Bump, tomorrow is August 11th:)
I was wondering the same. I clicked subscribe a while back but haven't received anything. I'd think they'd at least just have the "Insights" in email form.
Yeah, that'd be exciting.
It was mentioned they intend to bring IBAT's technology to Chile, Argentina and Bolivia in this panel discussion:
IBAT's response to motion is out on Pacer. Basic paraphrase, they have no facts to back up their claims and the tort would be stale anyways as it's beyond the 2 year limitations. They don't want to allow the plaintiffs any more amendments. Hopefully that means we get a decision on dismissal.
If my memory serves me right, Burba said in the latest interview, they'd invite the media showing the unit in testing. Think that'd be in September or October. Hopefully that creates a splash :)
There's a response to the motion to dismiss the court case available on Pacer from yesterday. Conclusion, the plaintiffs don't think the case should be dismissed (no surprise). If the court does want to dismiss it, the plaintiffs are requesting time to add information to the claims if that's why it's being dismissed.
That's my read on it but I'm not a lawyer :)
I'm not a lawyer but seems like they want to dismiss most of it due being over 2 years old (which apparently is the time limitation for the torts). Then they dispute the claims even if the timeline wasn't an issue based on termination with cause.
Sure would be a nice surprise to have the case dismissed this summer before the fall court date and leading into the pilot. I have no idea how long these court processes take though.
Credit where credit is due, waking up to the "basher" reference is odd but they have updated the site: https://www.reeaust.com.au/
I know I ask questions but just answer them and it'll be fine. If the company delivers on material changes, the price will follow. I do not gain with others losses so I really don't wish losses on people. Investors deserve transparency even when it's not pretty. Good luck all.
I was waiting for a pop like this to exit but of course I left just before this little pop (you're welcome haha). As unhealthy as I am, I keep watching old positions to see if I bet right. Obviously, I would have liked this extra % but yes, that site is a joke and seems par for the course here.
Just picking on the relevant Solar sections. Not to mention unfinished areas and you don't even have an address for the company.
Under services (https://www.reeaust.com.au/services). It's literally just a description of what type of energy exist.
Solar is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect. A photovoltaic system employs solar panels, each comprising a number of solar cells, which generate electrical power. This type of energy can be used almost anywhere and utilises our natural source of light from the sun.
We're going to need clarity on what "economic interest" remains for SNPW in the RI Medirecylcer. I guess we can let it run wild upon approval and let the market over speculate but then reality will hit if it's just a small slice of the profit.
Right now, I'm not even sure the quantified value of an approval. The 8k doesn't specify that and any older filings wouldn't be clear what the 8k changed.
Care to point where it quantifies the economic interest? It's not in the 8k.
https://www.otcmarkets.com/filing/html?id=15009195&guid=ETJUkp-Ja1WhU3h
Btw Economic Interest is in the filings.Its equates to Millions of $ Annually for $SNPW/SHAREHOLDERS
Easy to forget when there's so many questions.
-What economic interest is now in the RI Medirecycler?
-The 8k about the 40 million dollar loan, so what's the plan to start construction?
-UL, has anything even been sumbitted?
-Even going to bother sticking to their word of a Q2 conference call?
-Chase deal?
Am I missing any open questions? Maybe Nick can tweet explanations like he did with the softball of "what's the solar site for?".