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Steady developments... LYNAS progress remains paced and deliberate!
Their management style offers increased value, especially given current economic conditions.
U.S Forms 'Friendly' Minerals Coalition!
https://senegalbgc.org/blog/2022/06/30/u-s-forms-friendly-coalition-to-secure-critical-minerals-andy-home/
U.S Forms 'Friendly' Minerals Coalition!
https://senegalbgc.org/blog/2022/06/30/u-s-forms-friendly-coalition-to-secure-critical-minerals-andy-home/
New anode flow field patent another plus!
But market action remains bleak.
What they knew and did... And told; when!
My interest remains getting this train wreck back on track.
Even tiny HOA managers/directors have learned about accountability.
Lost opportunity may have turned to loss of revenue due to accounting problems.
Given the choice, most entities prefer verifiable financial stability.
VirTra's lazy, incompetent leadership...Continues to gut Shareholders' value!
VirTra got booted off the Russell index and obviously did not make it back on the just-out new list. No surprise there. The useless Board of Directors continues to sit on their hands rather than taking corrective action and restoring Shareholders' value. Their cavalier attitude of meeting compounded failures with silence urgently requires their replacement. About anyone that has a pulse and can fog a mirror would provide a positive change in effective leadership.
Hiring and replacing accountants repeatedly while leadership refuses any accountability for continued failures needs to end. And wasting their time and our money increasing compensation packages and further rewarding failure remains misguided and yet another major disservice to Shareholders.
Most companies do properly report their required 10-K and Q's on time.
VirTra chooses to ignore responsibilities and substitute silence over performance.
New 52-week low today...!
Still no update about late10k and Q's filings.
Clown-show continues mocking professional leadership.
Virtual experience to go live during upcoming shareholder's meeting.
Larger building is now available to develop and support state-of-the-art clown cars.
New salary boost, bonus and double-dip bonus still remains in play.
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116108964&type=PDF&symbol=VTSI&companyName=VirTra+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2021-08-27&CK=1085243
One more MUCH overlooked reason...!
U.S. Oil companies said at the start of this year they were focused on raising profits and so would NOT be spending to increase production.
They did what they said... and have recorded record profits!
And the current problem has got nothing to do with new leases and other political crap.
NEWS... Follow-on $120 million Pentagon contract!
Nice, jrsh...
https://www.mining-technology.com/news/lynas-heavy-rare-earths-us/
https://hotcopper.com.au/threads/news-lyc-australias-lynas-secures-120-mln-pentagon-contract-for-u-s-rare-earths-facility.6792415/
https://lynasrareearths.com/
Still no required new director... Muted minion remains elusive!
Reminds me of the long-overdue absent and elusive 10-K and Q's.
Frequent auditor changes coupled with no timely reports remains a concern.
Most companies do file timely reports and don't continue changing auditors as a necessity.
Abacus Specialists needed...Mirror fogging, fingers and toes required!
And the clown show continues...
As do the bonus compensation packages.
Few's mystique diminished, now overshadowed by poor results!
Giving Few the benefit of the doubt, for me, has now been seriously compromised. Past leadership excellence/performance spotlight shifts to continued poor project completion performance... Finally, ringing the bell to announce failure was total and absolute bush league theatrics.
Current excellent future growth potential remains hostage to improving timely installation completion of ever more reliable products. Unfortunately, our development stage lingers as each project remains a one-off learning experience. Real-world customers seek the buying of known solutions, rather than a colossal mess.
Valuation is rightfully focused toward more accountability and real results, rather than failed projections and efforts.
Dollar wise...But their nod means so much more!
Development and investment credibility was also added beyond the dollar amounts.
Nano One and Rio Tinto Strategic Partnership...US$10M!
Rio Tinto makes US$10M strategic equity investment in Nano One.
Rio Tinto to collaborate on battery metals as inputs for Nano One’s cathode process technologies.
Partnership accelerates commercialization of Nano One’s One-Pot and M2CAM® technologies.
Adds to Government of Canada’s Mines-to-Mobility initiative for North American battery ecosystem.
Québec focus on Rio Tinto’s iron production in Sorel-Tracy and Nano One’s pending LFP facility in Candiac.
https://www.riotinto.com/news/releases/2022/Nano-One-and-Rio-Tinto-Announce-Strategic-Partnership-and-US10M-Investment
Chin up... These dots are not those dots!
There is plenty of military money in play for VirTra.
Leadership credibility crisis a very ineffective sales strategy.
Shareholder value remains gutted by zero accountability of leadership.
Hopefully John can help address or at least paint over ongoing integrity lapses.
Integrity is what you do when nobody is looking.
Shirking responsibility and remaining silent not the same.
I disagree...'they wouldn't be spending the money'...!
Zumwalt says it all. F-35 fighter problems screams it. Unlimited wasted money pits.
Crap programs flourish as long as more money is available to spend.
Increased scrutiny will doom many impractical tech toys.
I'll agree to disagree on this one. We'll see.
I'm expecting to see more decisions based on what in the program is reliable and works.
It's like the geeks are trying to compare sterile home theatre with war theatre.
Definitely blooper...For reasons stated and so many more!
Development as you go, outside of active wartime necessities, encourages corporate waste.
Perhaps some day specialty, limited tactical deployment teams and operations could find viable use.
Combat environment too extreme, compounded by additional training and mobility issues, for general issue.
My opinion regarding recoil kits and vests supports getting VirTra's potential outside simulators.
Rugged training products providing enhanced, nearly real-world experience, supporting larger groups.
HoloLens fiasco remains Army's version of Zumwalt blooper!
Too expensive, too fragile and too cumbersome/restrictive for general combat training and deployment.
This new blemish on the face of further development waste should be the dagger cutting into some real reality.
Limited, specialty use remains viable but too cost prohibitive to warrant current army development dreams and expense.
Military gross waste of budget money thrown at failed projects gaining more and more exposure.
Lack of accountability by CEO's and government officials runs rampant. At least for now.
Practical products matter. VirTra needs to continue advancing recoil kits and develop/integrate/incorporate advanced electronic 'hit' vests for training, suitable for use well beyond squad levels, into their military product line.
VirTra also needs to file long-overdue required SEC financial reports if they ever develop the desire.
NEWS...$4.3Billion potential deal lurking for U.S. domestic uranium!
https://www.bloomberg.com/news/articles/2022-06-07/us-seeks-4-3-billion-for-nuclear-fuel-to-wean-off-russia-supply
https://www.zerohedge.com/markets/uranium-stocks-soar-report-us-seeking-billions-end-reliance-russian-enriched-uranium
Ringing bell good omen for earnings/update/guidance!
Few rarely misses an opportunity to present/promote the company.
Nano One...Next generation value proposition layout and explanation!
https://markettactic.com/ev-batteries-2-0-this-company-has-quietly-developed-patented-tech-that-could-make-ev-battery-material-production-faster-cheaper-and-better/5520168/
Checked box, gave direction before...This time direction clueless!
Clueless to offer guidance or even complete timely required SEC filings.
Very savvy on increasing compensation and bonus for CEO during same time period.
CEO and mute crony Board remain the single biggest obstacle to maximizing Shareholder value.
Biggest bull market opportunity ever, was missed, instead settling for fallen-fruit gains over missed opportunity.
Picking up penny's and calling it a win.
The burden remains on the buyer for increasing sales.
Nano One and BASF enter into a Joint Development Agreement for Lithium-ion Battery Materials
May 31, 2022
version en Français
Vancouver, Canada (TSX: NANO) (OTC: NNOMF) (Frankfurt: LBMB)
• Evaluation of Nano One’s patented M2CAM®One-Pot process for BASF’s next-generation cathode active materials.
• Multi-phase agreement includes detailed commercialization study for pre-pilot, pilot and scaled up production.
Nano One® Materials Corp. (Nano One), a clean technology innovator in battery materials, and BASF SE (BASF), a globally active chemical company with extensive experience in the development and manufacture of battery materials, today announce they have signed a joint development agreement (JDA). Under the JDA, the companies will co-develop a process with reduced by-products for commercial production of next-generation cathode active materials (CAM), based on BASF’s HEDTM-family of advanced CAM and using Nano One’s patented One-Pot process and metal direct to CAM (M2CAM®) technologies.
BASF has a family of CAM products well-suited to the evolving requirements of batteries in automotive drivetrains and a proven track record of developing these products in collaboration with others. Nano One and BASF will also use the M2CAM®process for higher flexibility in terms of manufacturing approach and resulting product performance, reduced energy consumption and environmental footprint.
The joint development plan has various phases and stage gates and is the result of evaluating Nano One’s processes and products. The signing of the JDA represents a significant milestone in the business relationship between BASF and Nano One.
Dan Blondal, Nano One CEO, said: “BASF is a global leader in chemistry and high performance lithium-ion battery cathode materials, and we are proud to be forging new ground with them to improve performance, cost and environmental footprint for CAM production. There is a tremendous opportunity to jointly differentiate the production processes and products for a more resilient and sustainable supply chain. We look forward to advancing this partnership.”
Dr. Heiko Urtel, Vice President Global R&D Battery Materials, BASF SE, added, “Nano One has an advanced technology with the potential to improve the product performance of our high-performance cathode active materials and to further simplify the synthesis of battery materials . We are looking forward to building a collaborative working relationship and advancing the business opportunities for our next-generation cathode active materials.”
###
About Nano One®
Nano One Materials Corp (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One’s One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM®) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current “Scaling of Advanced Battery Materials Project” is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit www.nanoone.ca
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com
Company Contact:
Nano One Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Media Contact:
Chelsea Nolan
Antenna Group for Nano One
nanoone@antennagroup.com
(646) 854-8721
BASF:
Sophie Lyu
Global Communication Battery Materials
sophie.lyu@basf.com
+86 185 2157 3186
Certain information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements with respect to: results of the JDA and status of the partnership with BASF, future projects that may be put into place, the execution of the Company’s plans which are contingent on collaboration, support and awards and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘potential’ or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: results of the JDA and status of the partnership with BASF, future projects that may be put into place, the execution of the Company’s plans which are contingent on such support and awards and the commercialization of the Company’s technology and patents and other risk factors as identified in Nano One’s MD&A and its Annual Information Form dated March 28, 2022, both for the year ended December 31, 2021, and in recent securities filings for the Companies which are available at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
https://nanoone.ca/news/news-releases/nano-one-and-basf-enter-into-a-joint-development-agreement-for-lithium-ion-battery-materials/
Nano One and BASF enter Joint Development Agreement!
Nano One and BASF enter into a Joint Development Agreement for Lithium-ion Battery Materials
Nano One Materials Corp.
May 31, 2022, 03:05 ET
VANCOUVER, BC, May 31, 2022 /PRNewswire/ - (TSX: NANO) (OTC: NNOMF) (FF: LBMB)
Evaluation of Nano One's patented M2CAM®One-Pot process for BASF's next-generation cathode active materials.
Multi-phase agreement includes detailed commercialization study for pre-pilot, pilot and scaled up production.
Nano One® Materials Corp. (Nano One), a clean technology innovator in battery materials, and BASF SE (BASF), a globally active chemical company with extensive experience in the development and manufacture of battery materials, today announce they have signed a joint development agreement (JDA). Under the JDA, the companies will co-develop a process with reduced by-products for commercial production of next-generation cathode active materials (CAM), based on BASF's HEDTM-family of advanced CAM and using Nano One's patented One-Pot process and metal direct to CAM (M2CAM®) technologies.
BASF has a family of CAM products well-suited to the evolving requirements of batteries in automotive drivetrains and a proven track record of developing these products in collaboration with others. Nano One and BASF will also use the M2CAM®process for higher flexibility in terms of manufacturing approach and resulting product performance, reduced energy consumption and environmental footprint.
The joint development plan has various phases and stage gates and is the result of evaluating Nano One's processes and products. The signing of the JDA represents a significant milestone in the business relationship between BASF and Nano One.
Dan Blondal, Nano One CEO, said: "BASF is a global leader in chemistry and high performance lithium-ion battery cathode materials, and we are proud to be forging new ground with them to improve performance, cost and environmental footprint for CAM production. There is a tremendous opportunity to jointly differentiate the production processes and products for a more resilient and sustainable supply chain. We look forward to advancing this partnership."
Dr. Heiko Urtel, Vice President Global R&D Battery Materials, BASF SE, added, "Nano One has an advanced technology with the potential to improve the product performance of our high-performance cathode active materials and to further simplify the synthesis of battery materials . We are looking forward to building a collaborative working relationship and advancing the business opportunities for our next-generation cathode active materials."
About Nano One®
Nano One Materials Corp (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One's One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM®) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current "Scaling of Advanced Battery Materials Project" is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit www.nanoone.ca
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com
Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements with respect to: results of the JDA and status of the partnership with BASF, future projects that may be put into place, the execution of the Company's plans which are contingent on collaboration, support and awards and the commercialization of the Company's technology and patents. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', 'target', 'goal', 'potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: results of the JDA and status of the partnership with BASF, future projects that may be put into place, the execution of the Company's plans which are contingent on such support and awards and the commercialization of the Company's technology and patents and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 28, 2022, both for the year ended December 31, 2021, and in recent securities filings for the Companies which are available at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
SOURCE Nano One Materials Corp.
--------------------------------------------------------------------------------------------------
https://nanoone.ca/news/news-releases/nano-one-and-basf-enter-into-a-joint-development-agreement-for-lithium-ion-battery-materials/
https://nanoone.ca/
--------------------------------------------------------------------------------------------------
https://electrek.co/2022/05/25/nano-one-buys-lfp-battery-production-facilities-north-america/
How about having one good CEO!
What other employee could continue to fail and remain employed?
What other employee could hold his hands over ears babbling LaLaLaLaLa?
At some point, change becomes necessary.
And BOD remains most accountable, as mute enablers.
NanoOne to Acquire Johnson Matthey Battery Materials Canada!
VANCOUVER, BC / ACCESSWIRE / May 25, 2022 / (TSX:NANO)(OTC PINK:NNOMF)(FRA:LBMB)
Definitive agreement to acquire 100% of the shares of Johnson Matthey Battery Materials Ltd. a Canadian entity located in Candiac, Québec
Acquisition to include the team, facilities, equipment, land and other assets
Team has more than 360 years of scale-up and commercial production know-how
Team and facilities proven in supplying tier 1 cell manufacturers for automotive
LFP facility and land strategically located near Montréal and operational since 2012
Facility and equipment can serve Nano One's process needs with room to expand
Expedites Nano One business strategy for LFP and other battery materials
Nano One® Materials Corp. ("Nano One" or the "Company") a clean technology innovator in battery materials, today announces that it has entered into a binding agreement to acquire all of the outstanding shares of Johnson Matthey (JM) Battery Materials Ltd. ("JMBM Canada") for approximately C$10.25 million. The acquisition is fully funded and is on a cash-free, debt-free basis, subject to certain working capital adjustments.
JMBM Canada includes a team with over 360 years of collective experience, including R&D, pilot to commercial scale cathode production and product qualification and quality assurance systems expertise for tier 1 automotive lithium-ion cell manufacturers.
JMBM Canada also includes a 2,400 tonne per annum capacity LFP production facility located in Candiac, Québec occupying approximately one tenth of the 400,000 square foot property.
The transaction is expected to complete by the end of 2022, subject to JMBM Canada fulfilling contractual commitments and certain other customary closing conditions.
Nano One CEO Mr. Dan Blondal said, "The rapidly expanding need for responsibly produced cathode materials in North America presents an opportunity for Nano One to deploy its technology and become a leader. We are excited to announce our agreement to acquire JMBM Canada. Experienced employees are at the core of this deal and will help fast-track Nano One's learning curve. The facility is in Greater Montreal and strategically located in proximity to employees and their families, international airports, major port facilities and is a critical link in the mines-to-mobility initiative. This complements Nano One's technology innovation center and team in Burnaby, British Columbia, and is a perfect base for the advancement, expansion and acceleration of our commercialization strategy. We now look forward to working with our colleagues at JMBM Canada for a smooth business transition later this year and sharing our vision and plans with all stakeholders in the coming weeks and months."
Liam Condon, Chief Executive of Johnson Matthey, said, "We have worked with Nano One on a number of projects over the last year and having seen their innovations, we believe they have the potential to develop the Candiac site in the best way possible. We remain at the Candiac site until the end of the year and are fully committed to serving the needs of our customers."
The Candiac production facility was acquired by Johnson Matthey in 2015 and has been in operation since 2012. It is a supplier of lithium iron phosphate (LFP) cathode material to the lithium-ion battery sector for both automotive and non-automotive applications for a select group of customers. Strategically located in Candiac, Québec, it has the benefit of access to a North American ecosystem which will serve the broader global community with cost-effective, resilient, and environmentally sustainable cathode materials.
About Johnson Matthey
Johnson Matthey is a global leader in sustainable technologies that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, chemical processing and making the most efficient use of the planet's natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com.
Inspiring science, enhancing life.
About Nano One
Nano One® Materials Corp. (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One's One-Pot Process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM®) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current "Scaling of Advanced Battery Materials Project" is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit www.nanoone.ca.
Changing how the world makes battery materials.
Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Media Contact:
Chelsea Nolan
Antenna Group for Nano One
nanoone@antennagroup.com
(646) 854-8721
Johnson Matthey:
jmpr@matthey.com
+44 207 269 8001
Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements with respect to: closing of the transaction and successful completion of the definitive agreement, the execution of the Company's business strategy and plans which are contingent on partnerships, support and grants and the commercialization of the Company's technology and patents. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', ‘target', ‘goal', ‘focus', ‘build', ‘engage', ‘potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: closing of the transaction, successful and timely completion of the definitive agreement, the execution of the Company's business strategy, any future collaborations that may happen with miners, OEM's or others, the Company's ability to achieve its stated goals, the commercialization of the Company's technology and patents and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 28, 2022, both for the year ended December 31, 2021, and in recent securities filings for the Companies which are available at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
SOURCE: Nano One Materials Corp.
Audits complete??? Review? Logically, that makes zero sense!
Note: Givens listed as CoCeo and Ferris listed as CEO on VirTra website.
Strong cautionary words from VirTra management offer good insight to share value destruction.
Perhaps new auditors 'allowed' information otherwise unacceptable to old auditors.
Some of the 'assumptions' by management could have been problematic.
From 2020 10K: ------------------------------------------------------------------------
If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our Common Stock may decline.
As a public company, we are required to maintain internal control over financial reporting and to report any material weaknesses in such internal control. Further, we are required to report any changes in internal controls on a quarterly basis. In addition, we are required to furnish a report by management on the effectiveness of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of 2002, as amended (the “Sarbanes-Oxley Act”).
We will design, implement, and test the internal controls over financial reporting required to comply with these obligations. If we identify material weaknesses in our internal control over financial reporting, if we are unable to comply with the requirements of Section 404 in a timely manner or assert that our internal control over financial reporting is ineffective, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of the Common Stock could be negatively affected. We also could become subject to investigations by the stock exchange on which the securities are listed, the SEC, or other regulatory authorities, which could require additional financial and management resources.
-------------------------------------------------------------------------------------------
Management’s annual report on internal control over financial reporting
Our management, including our principal executive officer and principal financial officer, is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our management, with the participation of our principal executive officer and principal financial officer, evaluated the effectiveness of our internal control over financial reporting as of December 31, 2019. Our management’s evaluation of our internal control over financial reporting was based on the 2013 framework in Internal Control-Integrated Framework, issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, our management concluded that as of December 31, 2019, our internal control over financial reporting was not effective.
-------------------------------------------------------------------------------------------------------
From 10-Q 9-30-21
Based on this evaluation, our
principal executive officer and principal financial officer concluded that as of September 30, 2021, our disclosure controls and procedures were not
effective. The ineffectiveness of our disclosure controls and procedures was due to material weaknesses, which we identified in our report on internal
control over financial reporting contained in our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 29,
2021.
---------------------------------------------------------------------------------------------------
8-K 11-22-21
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116282519&type=HTML&symbol=VTSI&companyName=VirTra+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2021-11-24&CK=1085243
Important enough to make comment on by prior accountants:
"During MaloneBailey’s engagement, the Company disclosed the ineffectiveness of its internal control over financial reporting due to the following material weaknesses which it identified in its internal control over financial reporting: (i) the lack of multiple levels of management review on complex business, accounting and financial reporting issues, and (ii) the failure to implement adequate system and manual controls."
SAVE VIRTRA (VTSI).....Has anyone contacted this entity?
https://savevirtra.com/
Yes...US technology trails by staying on the rails!
Exxon control of FCEL technology prime example.
They continue to say one thing but slow-walk actual change.
Mass product implementation shelved until most beneficial for Exxon.
FuelCell gave up control of their own cutting-edge product implementation timelines.
Activist investor board additions welcome but actual new technology progress push remains limited.
Exxon choosing to defend market space against competitors remains shareholders friend for quickest implementation.
Exxon continues to control rather than lead new technology race.
They remain content booking record products from oil until more beneficial.
First Quarter results and progress update!
https://www.yahoo.com/now/nano-one-provides-quarterly-progress-070500326.html
Progress update and 1st Qtr results!
https://www.yahoo.com/now/nano-one-provides-quarterly-progress-070500326.html
NEWS: Major Rare Earth Land Position Secured in Brazil!
https://www.prnewswire.com/news-releases/energy-fuels-secures-major-rare-earth-land-position-in-brazil-301551164.html
https://www.defenseworld.net/2022/05/19/energy-fuels-tseefr-rating-reiterated-by-hc-wainwright.html
European plan eclipses US actions obstructed by Manchin!
US remains last to embrace new technology implementation.
Buggy whip subsidy fueled by power and greed wastes time and resources.
This article offers a good primer to current Euro attitudes/actions under consideration.
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3131?fbclid=IwAR2KI31ndgQYXvNIjan8r_Q_beABk4GSIDBM2V1uNDOLx50mPK7wlOc0pfc
Compensation/bonus scheme was timely and completed... No worries!
Failed accounting operations destroy shareholder value.
Shameless CEO self-enrichment remains priority one at VirTra.
Basic SEC timelines/requirements were simply lower-level concerns.
Failed timely move into new building guts resources further, month by month.
Total leadership failure is just cause for heads to roll at the upcoming annual meeting.
Q's and K go unfiled.
CEO, President, Chairman refuse any/all responsibility for failure!
Lots of titles; absent honor, duty, integrity and respect.
So many titles, so little ability to even oversee basic operations.
Brash incompetence whitewashed as working 'diligently' shelters nothing.
The buck stops nowhere with this spineless and greedy coward.
Responsibility and accountability being given no quarter.
NASDAQ prominence deemed necessary is scarred.
Current operations better suited to Pink Sheets.
Memo: Unable to provide basic required filing reports, but trust us with human lives.
Failed CEO requiring CO-CEO obviously lacks credibility/leadership!
Propping up failure rather than demanding performance/accountability remains the cancer.
Clueless leadership regarding failed ERP transition and subsequent required filings remains inexcusable.
Integrity remains absent as CEO refuses to acknowledge his failures and step away in favor of capable replacement.
Disgraceful lust for power at shareholder's expense remains sole driving force.
Big fishy figment flopping in pious polluted puddle!
Retaining power consumes the oxygen to grow.
Groomed yes men obviously fear the no.
Mismanagement has become norm.
Perhaps after plan submitted and SEC reply is received some prelim numbers.
Stellar preliminary numbers a month after not filing may raise an SEC antenna or two.
Clock continues ticking for adding activist shareholder slate of directors to annual meeting.
Next...8k likely a SEC plan/plea for more time!
This fiasco be a big slow-turning self-imposed mess, most likely looking to take a bonus upon completion.
And no expectation at all for any K or Q's this week or any time soon.
No reason to expect management will ever take responsibility for their continued failures or understand their incompetence has destroyed shareholder value.
Useless BoD likely remains silent until their rubber-stamps nod to grant additional increased compensation packages/bonuses rewarding increased failures.
Perhaps another rubber-stamp mute shill director will be appointed very soon to try and keep up appearances for the NASDAQ requirements charade.
Magic 8-ball says: Appears required reports will remain lumpy.
Why didn't you warn us about VirTra...?
Why would a public company remain so oblivious to financial operations?
What are they doing at the new building, sorting invoices on the floor?
What was the CEO thinking? Where was the shill board oversight?
Was all the management out of the office, delirious with COVID?
Why does the CEO refuse any and all responsibility for failure?
Have you ever seen a NASDAQ company operate like this?
Rumblings requesting additional BOD changes continue from shareholders!
Lack of knowledge, credibility and accountability continues to kill shareholder value.
https://themagazineplus.com/2022/05/01/adam-zalta-is-again-requesting-that-virtra-nasdaq-vtsi-make-changes-by-its-board-of-directors/
https://www.issuewire.com/adam-zalta-asking-virtra-nasdaq-vtsi-to-consider-making-changes-to-its-board-of-directors-1728211400602886