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She sang and even did an encore! One point of interest though I read about recently when Hag made reference in a post to an individual whose name he didn't mention saying that this individual became frustrated and left after an apparent interest to buy the company fell apart. I specifically remember reading in the bankruptcy filings that an offer to buy the company was refused by management. What fools! And that includes the management.
I see your plan now. You want 20 million share lots so that you can attempt to corner the market on LTHU stock and drive the price up. Then when the short sellers come in because they look and say "how's a bankrupt company with nothing worth this much." So they short the stock, but you keep buying and the short sellers get squeezed. As the price runs up on them, you sell them your shares that at .03 to close out their short positions and turn a big profit. You are an evil genius!
My recollection was GAIA and Enersys formed EAS based in what was our production facility in Nordhausen. Then inexplicably, Enersys takes control and buys us out in what an Enersys representative said "Was in the best interest of both parties." The terms of the agreement allowed Enersys to continue to use our technology to make batteries, without paying royalties for 5 years, help with reducing our debt, and a line of credit extended by Enersys. During that 5-year window, the Chapter 7 bankruptcy was filed, Enersys sold out of EAS which also went bankrupt and the assets, tangible and intangible (meaning our technology) is now in the hands of Monbat. This is an empty shell company now.
Volume is up and I'm still selling. Thank you buyers!!!
Hag, let me clear that up. Upon my arrival I used BulgarianMonbat as my board alias to announce that "I"--as in the company--now own LTC. In the post #3683 which stated "you claim you own us" is a reference to my initial posting. Monbat does not own, because it did not get any shares of LTC when it acquired the assets from the apparent winning bidderin bankruptcy, Virium. I was replying to post #3683 as the company, not as an individual. As an individual, I owned shares to sell, and I sold some of it. If I helped someone close out a short position, you're welcome. If you bought them for any other reason beyond that, thank you. Take care Hag
I don't need 6 months. Apr 6 16
The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Lithium Technology Corp. on April 6, 2016. The debtor has been authorized to sell its substantially all its assets to The Virium Group for a purchase price of $2.5 million in cash and credit bid. The debtor did not receive any other competing bids for the purchase of its assets and therefore The Virium Group emerged as the winning bidder.
June 27 17
Bulgarian lead acid battery producer Monbat Group has acquired two lithium ion battery businesses in Germany, Monbat said in a filing. The price of the deal was not disclosed. The Bulgarian company is acquiring all assets of Gaia Akkumulatorenwerke GmbH and EAS Germany GmbH and is merging them into the Nordhausen-based EAS Batteries GmbH.
I'll leave you with this to ponder: Since when have the terms of a purchase of a public company been able to be "not disclosed"
I'm done here
Sorry, not yet. I still need to sell more shares before trading is suspended. Rather take pennies on the dollar and have a documented loss than have to deal with a lengthy worthless security process with my brokerage.
I do own you! But I don't have any shares to offer because I didn't get any when I acquired the company. I bought the assets of this company after it liquidated. Give me your address and I'll mail you a stock certificate for 1,000,000,000 shares. Just give me a couple days to get it professionally done so you think its real. Dummkopf!
You're hungry for more? This is a worthless POS? Oh no, you don't eat ...that's gross. Go to your neighborhood dog park, you can get a lot of the ground there and not pay .0015 for it!
I see know. You need large blocks at a low price to lower your cost basis and breakeven at .002 So get to it, BUY, BUY, BUY!
Well then why isn't there an order entered by you to buy 10 or 20 million? I DARE YOU TO ENTER IT at current market price! Or don't you have the money? Va'Fa Napoli buddy!
Put your money where your mouth is then. 1,000,000+ at .0015 Isn't that cheap enough for you?
Gold is gone, Hag is hanging on, and I see Dennis is still stopping by. I'm getting out today. Taking some gains with the market up as irrational exuberance has returned and need something to offset them with. Hag, could you help me out and buy today? I'm sure you'll come up with a few more scenarios where you will get something for your shares. I'll take what I can now. I can't say that it's been good, but thanks to Gold for his perseverance and Hag for the entertainment.
Wow, I know, crazy, right? Selling tens of thousands of shares for a 1/2 cup of coffee. What's even crazier is that you bought them!!!
You should buy more of this gem today so I can actually get a full cup of coffee. After all, this stock is a gem! (Your post 8/21 "Market makers keeping this gem under the radar....")
Enersys, Acquila, Mickey Mouse, it really doesn't matter. EAS also went bankrupt and its assets were acquired by Monbat
You can figure out the translation if you care to.
http://nordhausen.thueringer-allgemeine.de/web/nordhausen/startseite/detail/-/specific/Insolvenzverfahren-bei-Nordhaeuser-Batteriezellen-Hersteller-EAS-eroeffnet-661913686
http://nordhausen.thueringer-allgemeine.de/web/nordhausen/startseite/detail/-/specific/Nordhaeuser-Pionierunternehmen-ist-saniert-Gaia-GmbH-wird-verkauft-1955636571
I thought Hag was baiting me with that ridiculous question, is Virium Monbat? How could anyone who has been around here for as long as he has not know Virium? Virium was the lead plaintiff and had its name plastered throughout all the bankruptcy filings. Could he really be that naïve? That stupid? I didn't think he could be serious about posing that question. Then I read his follow-up posts. He's just totally insane. Do not ever again question my knowledge. Only Dennis can, because he is smarter than I was and didn't hold stock in this mess of shell companies with questionable business ethics, an ill-conceived business model, short-lived partnerships and shyster management.
Dismissed liquidation in January of 2016 you say? Please post your facts of the dismissal so that I may see them. Because what I have read tells a different story....
Motion for Asset Sale Filed by Lithium Technology Corp.
Jan 8 16
The Chapter 7 Trustee filed a motion in the US Bankruptcy Court for the sale of Lithium Technology Corp.’s substantially all its assets on January 8, 2016. The trustee seeks the Court’s approval for the sale of debtor’s substantially all assets to The Virium Group for a purchase price of $2.5 million in cash and credit bid pursuant to memorandum of understanding date December 30, 2015.
Then later...Motion for Asset Sale Approved for Lithium Technology Corp.
Apr 6 16
The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Lithium Technology Corp. on April 6, 2016. The debtor has been authorized to sell its substantially all its assets to The Virium Group for a purchase price of $2.5 million in cash and credit bid. The debtor did not receive any other competing bids for the purchase of its assets and therefore The Virium Group emerged as the winning bidder.
MONBAT IS NOT PRIVATE It is a public company traded on the Bulgarian stock exchange. After all these years, I didn't know you were a magician! Being able to "go after the company after bankruptcy" and actually get something from a liquidated entity will take nothing short of magic because it can't be done! With that, I'm done!
The 2 billion shares were put into certificate form and sent to Kimberly Clark, maker of household products, for a customized supply of TP which can be found in Dennis' bathroom. He takes pleasure in your misery when he uses it.
There is no "what about..." I was only trying to help put an end to this. But obviously there are those beyond help. If you fail to understand a Chapter 7 bankruptcy and that a stock can still trade on the OTC market despite the bankruptcy, then I cannot help you. Your stock is technically worthless, but until it is halted, its still worth whatever you can get for it.
I can provide you with search terms so you can read it yourself: Monbat GAIA Akku Google that and you will find out the details. Then post the link for Gold and Hag to read. Thanks!
I am MONBAT and I now own you. I bought you. You get nothing.
Stop waiting for a miracle to happen. It won't. I'm MONBAT and I will make millions from the battery technology that ArchHill had to sell to me have for just pennies. I'm MONBAT, I have spoken. Move on with your lives and let MONBAT get rich!