Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Controversial SPAC listing hobbled Tritium
The receivers selling the shell of failed electric vehicle charging company Tritium have blamed its $2 billion listing via the controversial SPAC method for...
.
13 hours ago
https://www.afr.com/technology/controversial-spac-listing-hobbled-tritium-20240424-p5fm7m
It’s still early days, but receivers McGrathNicol are in the process of finding a buyer for Tritium.
Partner Shaun Fraser said a sale process for Tritium’s business and assets had already been under way, and McGrathNicol would engage as a “matter of urgency” with those potential buyers.
“Our immediate focus is to stabilise operations and work closely with Tritium’s employees, customers and suppliers as we attempt to secure the best possible outcome for all parties,” Fraser said in a statement after Tritium’s collapse was announced last week.
Tritium’s rapid rise and spectacular collapse will be a lesson for Labor’s Made in Australia campaign
....In November CEO Jane Hunter said: “While we continue to build on our recently reported financial results, which include achieving record revenue and gross margin, strategic restructuring of our business is necessary to drive both profitability and shareholder value.”
However consolidation in the US and a much vaunted change programme failed to put the company on a path to becoming EBITDA positive.
Most recently it has been fighting NASDAQ to retain its listing which has failed to meet minimum price requirements.
Now it is in financial collapse.
Apr 22, 2024
https://reneweconomy.com.au/tritiums-rapid-rise-and-spectacular-collapse-will-be-a-lesson-for-labors-made-in-australia-campaign/
$DCFCQ This is the email address shareholders are supposed to use for inquiries.
tritiumshareholders@kpmg.com.au
Duh, whats it say....
EV charger manufacturer Tritium declares insolvency
Posted April 22, 2024
https://chargedevs.com/newswire/ev-charger-manufacturer-tritium-declares-insolvency/
The directors of Australian fast charger manufacturer Tritium have declared the company as well as three of its Australian subsidiaries—Tritium, Tritium Holdings and Tritium Nominee—insolvent and called in voluntary administration, according to a statement filed to the US Securities and Exchange Commission (SEC).
“The Company’s other subsidiaries will continue to operate outside the voluntary administration,” the SEC filing stated.
The company stated on April 11 that it had received a warning from the Nasdaq stock exchange in New York where its shares were listed that it no longer met the requirements to retain its listing.
Lenders have appointed a receiver to take control of the company’s assets and seek buyers.
Inside the rise and fall of EV player Tritium
Apr 21, 2024
https://www.afr.com/companies/energy/inside-the-rise-and-fall-of-ev-player-tritium-20240419-p5flaf
Tritium ‘s rapid rise and collapse is over – goes in to administration
19 April 2024
https://www.aumanufacturing.com.au/tritium-s-rapid-rise-and-collapse-is-over-goes-in-to-administration
Communists theatrical performance.
Good luck with that. It's all theft in my book. Cheers to the horror show , may it bring better daze.
My last loser said, I am waiting for a Joker buyout.
The banker/loanshark shorted stock into insolvency.
Buyout / Partnership on deck.
Tritium administrators chasing buyers for EV charging venture
Embattled Australian electric vehicle fast-charger company Tritium is on the lookout for buyers after its directors declared the company to be insolvent and called in administrators.
April 22, 2024
https://www.pv-magazine-australia.com/2024/04/22/tritium-administrators-chasing-buyers-for-ev-charging-venture/
A meeting of creditor’s must be held by April 26, by which time further details of its financial situation and its creditors list may be known.
“Not enough capital:” EV fast charger pioneer Tritium collapses, receivers to seek buyers
Apr 19, 2024
https://reneweconomy.com.au/ev-fast-charger-pioneer-tritium-calls-in-administrators-after-declaring-itself-to-be-insolvent/
“A sale process for Tritium’s business and assets was underway prior to our appointment and we will be re-engaging as a matter of urgency with interested parties and the broader market to seek to find long-term capital,” Mr Fraser said.
Australian EV charging manufacturer Tritium goes into administration
19 April 2024, 3:24pm
https://www.carexpert.com.au/car-news/australian-ev-charging-manufacturer-tritium-goes-into-administration
Market Cap 1.36M
Income -121.37M
Sales 184.54M
Shs Outstand 1.01M
Shs Float 0.74M
Perf Week -67.78%
Perf Month -90.62%
Perf Quarter -95.21%
Perf Year -99.38%
Good riddance to the short ! Halted up to 25 days they say. Bring on an Ionna contracts partnership.
Near mid May for Ionna expected news updates and May Tritium be mentioned.
11:56 AM
$DCFC who bought all those shares at 7am that amounted to 2/3 of the company's shares in about an hour?
On April 18, 2024, by resolutions of their boards, it was determined that the Company and three of its Australian subsidiaries, Tritium Pty Ltd, Tritium Holdings Pty Ltd and Tritium Nominee Pty Ltd (together with the Company, the “VA Companies”) (i) were insolvent or likely to become insolvent; (ii) a voluntary - administrator should be appointed under the Australian Corporations Act 2001 (the “Act”), and (iii) to appoint Peter James Gothard, James Douglas Dampney and William Martin Colwell of KPMG as joint and several administrators (referred to hereinafter in the singular as “Administrator”) pursuant to section 436A of the Act.
As a result of the Administrator’s appointment, the powers of the directors of the VA Companies are suspended and the Administrator takes control of the affairs of the VA Companies subject to the appointment. The Company’s other subsidiaries will continue to operate outside the voluntary administration.
Pursuant to section 437F of the Act, a transfer of shares in the Company during the voluntary administration is void, except with the written consent of the Administrator or if approved by a court with jurisdiction under the Act.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Tritium DCFC Limited
Date: April 18, 2024 By: /s/ Jane Hunter
Jane Hunter
Chief Executive Officer
FORM 6-K
https://investors.tritiumcharging.com/node/8736/html
This is a start up could take five years to get recognition. Possible 50.00 long term. Hold for company news. See you next year. Dream to reality stock let's not bankrupt it just yet
Well I am still waiting.
Yesterday 2:52 PM $DCFC No 1 scam in Naadaq history
Yesterday 3:29 PM
$DCFC They refuse announce earnings & ignored Nasdaq non-compliance issue
This is trading like a defunct penny stock.
There will be no bottom or buyers of debt shares until management comes regulatory with NASDAQ requirements to filings. Otc markets require quarterly financials I think. No respect coming from management to update companies progress to public share holders. pps pure madness until company comes compliant with filings.
Sad day
14m $DCFC Submit your narratives and complaints to the SEC before they go private. https://www.sec.gov/tcr
..... where all that stock is coming from?
6 hours ago I am planning to write to the Australian PM's office regarding the issue with this company. I wonder whether the company has violated any financial regulations there too., This CEO should be behind bars.
6 hours ago
almost 6 times average volume! I wonder where all that stock is coming from?
8 April, 2024
WOW! The silence of these monsters not to say anything speaks volumes about their lack of ethics. I’m sure their well paid attorneys stock gamblers paid for have earned them to keep it zipped!
8 April, 2024
i try to contact the headquarter but no respond what so ever this is insane>>> i think some legal action HAS TO TAKE AGAINST THIS FRAUD COMPANY ANY THOUGHTS ?
8 April, 2024
I think my horse died lol....my 1900 shares turned into 10 and down 93.5% so got a value of 66 bucks. This is where the cowboy rides away lol
8 April, 2024
my biggest disappointment in all this is NASDAQ. every thing has been done in secret away from stockholders and they supported the company by allowing relisting. now it has been done and no word from the company or nasdaq. Both are guilty of shareholder rights violations.
7 April, 2024
In word. Obviously not in action. Either they are incredibly inept or blatantly stupid. I’m betting a bit of both. Hopefully, we’ll know as soon as the criminal lawsuits begin.
Aussi Mafia was happy with old shares between 2-3 cents a share = 200/1 reverse split. No Earnings, changed the date from March 7 seven times to no date for earnings today.
The question I have today, Who owns the company now?
June contract just hit a new all time high of $2,406.9 moments ago around the time Chinese buy orders started rolling in...
“There are decades where nothing happens, and there are weeks where decades happen.”
https://www.zerohedge.com/markets/godl-precious-metal-soars-above-2400-after-sudden-gap-higher
I thought they were on the for front leading this adventure.
Apparently NOT.
An engineered society, this is my social....
" If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
~Thomas Jefferson
...Oh, Clown world!!!
6:37 PM $DCFC SEC should investigate this scam. Crooked CEO and management keep quiet for months with no earnings date. I believe they are shorting and deliberately announce 200:1 R/S three weeks in advance to give them plenty of time to short the stock. They know the NASDAQ rules, and they are challenging the law. Ruthless bloodsucking they are.
7:17 PM
$DCFC I dare these clowns management declare bankruptcy or drop market cap to $0 by not report earnings to SEC.
I did not like the 6 months of silence.
Companies treatment of SEC filings not being public information. Like debt shares not being reported, why is this a brisbane company? aint headquarters in USA, and aint this an USA company, Change the ticker symbol, change addresses in filings, Quarterly financials, Units being shipped out monthly
PSST....
There is some serious legal issues going on here.
7m
$DCFC
SEC GENSLER WAKE THE FOOK UP
Over the past 30 days my investment is 10 percent
5m $DCFC Note history:
1) 3Q 2023 Annual Earnings meeting. Jane Hunter makes false or misleading statements about the companies future. Jane stated that they were expecting to see positive earnings by end of 1Q 2024.
2) 3Q 2023 - Tritium in talks with LiteOn and large Saudi Capital investment firm. Supposedly all under a NDA.
3) While under NDA Tritium Announces 200:1 Reverse Split three weeks prior to Shareholders voting meeting. Prohibited shareholders from attending meeting. Stock falls 50%
4) Receives NASDAQ 180 day non compliance notification to keep share price above $1.
5) Receives another NASDAQ non compliance notification for not meeting minimal shares required to trade on NASDAQ. Stock falls another 50% post 200:1 Reverse split
6) Appears to be a conflict of interest with St Baker sitting on the Board for Tritium while owning St Baker Energy Capital Partners that includes some of Tritium suppliers and competitors.
7) Need SEC to uncover full story
I mean why is this trading this way? pirate shorts are in control.
Next Earnings Date, Reporting Standards, Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
THESE ARE THE RED FLAGS....
https://www.otcmarkets.com/learn/reporting-standards
Is Someone Cornering The Gold Market Using Options?
Thursday, Apr 11, 2024
https://www.zerohedge.com/news/2024-04-11/ross-norman-someone-cornering-gold-markets-using-options
DCFC $5.20 --$1.75 --(24.54%)
What is that.... half a million dollar dump today ?
DCFC
Tritium DCFC Ltd 5.35
-1.60 (-23.02%)
Volume: 155,265
Investors thinking. Jane is trying to put a trash bag down the toilet.
no communications to shareholders,
How can anyone be bullish when the company is doing everything possible to kill the pps?
50% down since RS. No one make profit from here.
less than a minute
$DCFC 50% down since RS. No one make profit from here. Just sell it before you produce more loss. More holding means more pain along with.....
44m
Selling 25% per week of my positions in $DCFC and warrants until they're gone. It's not much but I've had enough. Not bullish or bearish, just done.
2:07 PM
$DCFC Lol. Its over
2:41 PM
@----- They can drag it out for quite some time if they want, I would guess that they will just issue and dump more shares to address the current noncompliance letter from the SEC. That buys them time until the next noncompliance letter regarding marketcap.
9:19 AM $DCFC They intentionally did this. This company needs to be investigated by the SEC. Too many violations on purpose with no communications to shareholders.
https://www.sec.gov/tcr
2:18 PM
$DCFC I think they are planning to get delisted and then announce buyout for 1.5X of what the price is at that point. Anyone care to sue this company? They probably will be happy to announce bankruptcy if they get sued successfully. How can anyone be bullish when the company is doing everything possible to kill the pps?
2:41 PM
At some point end of last year they decided fxck shareholders and pps. No more communication. That hasn’t changed and this will continue to tank unless it changes.