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I am playing this like WKHS was at .75 cents 5 years ago. I did not load at the time.
I see a little champ maybe in 5 years.
A Buy out by Telsa would be moon shot. NOT.
Company is playing in the big leagues. Ticker could go EXPERT trading
Added today Date posted
05/13/2024
Amount
$3,599.00
Description
3600 TRITIUM DCFC LIMITED UNSOLICITED TRADE
Tritium operations "stabilised" as EV players show interest in potential transaction
10 May 2024
https://www.businessnewsaustralia.com/articles/tritium-operations--stabilised--as-ev-players-show-interest-in-potential-transaction.html
Tritium will be an acquisition
"successfully stabilised" and continuing business-as-usual operations.
So far they have received interest from a number of interested entities with established operations in the EV charging and electronic component manufacturing sectors, as well as potential financial sponsors.
"We are very confident the sale process will identify a new owner that can build on this success to date, and capture the opportunity to bring new Tritium products to market and grow the business, under a different capital structure."
NRMA addresses exit of EV charger manufacturer Tritium, which entered voluntary administration in April 2024.
Tritium has announced it will seek a buy out after being placed under voluntary administration in April 2024. The NRMA is working closely with the administrators, to work through a solution for the supply and maintenance of its chargers.
The NRMA’s focus remains on expanding the national EV charging network, jointly funded by the NRMA as well as the federal, NSW and Queensland governments.
What will happen to existing sites with Tritium fast chargers?
Tritium fast chargers currently make up a significant proportion of the NRMA’s charging network. With the earliest of those now reaching their end of life, there are already plans in place to upgrade certain charging locations with units made by other manufacturers.
Newer units and in particular those still under warranty will remain online.
Regarding the upgrade of the older units, there may be grid and space restrictions at certain existing locations that rule out a straight swap of hardware.
07 May, 2024
https://www.mynrma.com.au/electric-vehicles/charging/nrma-charging-plan-tritium
What does CBA do in Australia?
The Commonwealth Bank is Australia's largest retail bank and offers customers a range of products and services, including loans, credit cards, transaction and savings accounts. It has the largest branch and ATM network. It also offers services to people planning to move to Australia.
Commonwealth Bank - Wikipedia https://en.wikipedia.org/wiki/Commonwealth_Bank
CBA Corporate Services NSW which is claiming $199.5 million,
ASX-listed Rectifier Technologies claims $25m debt from collapsed Tritium
8 May 2024
https://www.businessnewsaustralia.com/articles/asx-listed-rectifier-technologies-claims--25m-debt-from-collapsed-tritium.html
According to the first meeting of creditors for Tritium held at the start of this month, Rectifier-affiliated companies Rectifier Technologies Pacific Pty Ltd and Rectifier Technologies Singapore Pte Ltd claimed they were owed $5.23 million and $19.4 million respectively.
Other major creditors to Tritium include Sunset Power as a trustee for the St Baker Family Trust which is claiming $65 million, CBA Corporate Services NSW which is claiming $199.5 million, and GPT Newcastle Development which is claiming $11.8 million, alongside others such as Flextronics Industrial ($13 million), Jiyuan Co ($2.7 million), Syskim International ($1.2 million), Venture Electronics Services Malaysia ($4.4 million) and Click International Hong Kong ($1.3 million).
A second meeting of creditors is due to be held on or before 27 May, unless the court extends the date.
1 day ago This is an active crime scene in progress.
1 day ago
Have any civil or criminal lawsuits started?
8 hours ago
Is it weird that we see no law firm adds here?
1 day ago
I wouldn't touch this stock at all. Lots of us loss money here. Beware
3 May, 2024
So let me get this straight... This company splits its stock 1 for 200 just a month ago and it crashed back down below a buck and was delisted anyway?
2 May, 2024
So that was was it? No communication whatsoever?
30 April, 2024
"Mr Fraser (Receiver of Tritium) said he had received significant inquiries, including from big companies that operate in the sector, and from parties interested in participating in an expedited sale process."
That's not bad news at all.. No one knows the outcome, but if you like a gamble, now's the time..
Laid Off Tesla Supercharger Employee Predicts Network Quality Will “Deteriorate”
8 hours ago
https://www.carscoops.com/2024/05/laid-off-tesla-supercharger-employee-predicts-network-quality-will-deteriorate/
This ought to excite Bp pulse and their 100 million dollar order of Telsa chargers
Guys on another website suggest higher ups want to take Tritium private. And possible delist the ticket. I don't know but the silence from this company is horror to the public investor.
Definitely not NASA rocket science thrill.
Investors have 1 percent of their investment.
Janes actions, investors are calling FRAUD.
Let's see if ticket can bring back my money to 100 percent.
Yeah my 100k shares is 500. At a dollar I bought 1k shares hoping for a 20.00 dollar run. That would bring my money back.
Sitting here @ a dollar is sickness in misery.
It ain't over. I think Tritium is dumping it's Australian liabilities . If a sale is possible I would like to see Ionna, BP pulse or Shell recharge to buy company and merge into shell. That would be a strong hand take over company with billions of muscles to get things done..
Jane said shell was companies nemesis .
Delisting of ticket ain't yet but that would mean total failure on Jane's part.
Crazie money wants things to happen.
Australia-headquartered EV fast-charging company Tritium DCFC has declared insolvency.
May 3, 2024
The company has so far made no public statements regarding the insolvency and whether there are any potential buyers.
https://www.evcandi.com/news/fast-charger-manufacturer-tritium-insolvent
The Tritium Group
Information for creditors of The Tritium Group (in Voluntary Administration).
https://kpmg.com/au/en/home/creditors/tritium-group.html
3 hours ago Most of you may already know this, but there's a shareholder FAQ available if you search for "kpmg" and "tritium".
It outlines that shareholders are considered the same as unsecured creditors. A lot of the process they're going through is to make sure secured creditors are paid back. They're legally required to sell things at market value.
Up next is a meeting of the creditors to vote between three things:
To accept a binding agreement between company and creditors on how the company will be dealt with.
Immediate liquidation.
Return control to company directors
It's scheduled for the time limit of May 20th, but an extension is likely.
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