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Not worried at all. Board members that hold the majority of the shares are willing to vote for the RS, are not doing it to lose money. Specifically money that they willing accepted to convert from debt into shares to then RS said shares.
They’re either really bad at math or they know what’s to come.
IMO
Also, why would the company buy more drilling rights in the same area if they didn’t think there was lithium there? Weird right? Lol. The way they’re playing their cards reminds me a lot like Disney when it bought up tons of land in the swamps of Florida and no one noticed until the price exploded years after. Only difference, the explosion for this stock is going to happen much sooner. IMO
Thanks for verifying what a lot of us longs have believed!!!
Something will happen. The RS option is due to expire in October, and with the merger docs stating end of 2023. I’m assuming around November or December.
Lots of balls are in motion right now, and all for the better of this company! This is a monster in the making. All the PPS movement right now is impatient flippers and MMS. The longs are holding strong.
Exactly! That’s why this should be around that PPS .10-.20 mark. With the merger and us keeping the majority of the shares we will fly on the new market
Comparing the two companies, very similar, there’s no reason we shouldn’t have .10-.20 PPS. Waiting for this to explode.
Here’s the tech report from the Aussi co. Drilling in the same basin. BLUF: BLTH has tons of lithium. Like I’ve been saying for years. Get you position before the jump.
https://company-announcements.afr.com/asx/asn/ffeb0ab9-e5e6-11ec-a040-c29688956f17.pdf
Exactly! Does anyone truly believe the previous reported minerals have magically disappeared since the 1970’s? Lithium wasn’t important then, it’s primary use was for mental health and a few small other uses. Therefore wasn’t valuable to extract at that time neither were the other minerals found. Hence the capping off of the wells.
Also, we have to assume the testing measures they used back then were not as accurate, (I.e. multiple samples as various depth levels) why, because they didn’t care about lithium. So best guess these old reports are under reporting the actual true amount of lithium and other valuable minerals. If they’re not, and these are the true values, then there is still multi millions per year that can be extracted out of one well brine.
This is a white gold mine. Hence, why I’ve been here too for years.
Other thought, the government is fully on board with lithium right now too. Which means permitting issues, etc are null. If this was an oil exploration, I would be more hesitant.
Fake 1M wall: I just kicked it and it fell down. Lol
Im still here! Still holding long on plenty of shares. Check out my previous posts for DD. Very exciting times. This company has always found a way to make progress. Although, at times, not very fast progress. Its all seeming to come together quite nice in 2023. Congrats on everyone that bought in the trips and even in the .01s! This will climb. As there really is no other reason for it to not. Invest now or chase later. RS could be the only scary part for investors, but 100,000 shares at .01 is the same as 10000 at .10 and so on. The company has value and is sitting on tons of precious minerals.
Here’s some lógics for y’all:
1. The majority of the conversion was the board member Graber. If you read who owned the debt a lot is him from the previous “ice cream co”. So do you think at these current price levels, he a sitting board member with inside knowledge is going to tank the PPS by flooding the market with the conversion shares? Killing the value of the money he invested via notes to the company years ago? Also with the little volume we have right now? No. He won’t. Side note, (wouldn’t he have to file a Form 3 now too?)
2. Why would the company continue to build up? Adding a pro investments Co? They wouldn’t unless something big is in the works
3. Would they really RS the shares of sitting board members to screw them over? Graber isn’t the only one with shares. For me RS is a last resort.
4. I personally think it was a smart play to make the announcement in Oct about all the money/share options. They f’d us if you were short term trading. But smart in the power play. Many of the notes were to be converted at .05 if you read the note terms. At current PPS there’s no way in hell the holders are going to sell. With us at .01-.02 range it was more probable and would have really screwed up things. Right now it almost guarantees they become like the rest of us holding. Not saying they on purpose push the price down with bad news, but that’s usually the result and it worked.
5. Now they have almost no notes holding over their heads they donot look so toxic on paper for grants, mergers, JVs, etc. Just a company with a lot of shares.
6. Side note. Keep an eye on USA lithium, we are not the best of friends right now with China, and because they are currently the biggest lithium country we are dependent on them. If relations fail with them, then we are really screwed right now if they cut off lithium supplies. USA lithium mines would become critical if that happens.
7. We’re in the right field at the right time. It’s still a waiting game with this company, but I don’t doubt their direction one bit.
IMO
I’ve seen on other companies, the same news. There was one company that did a similar PR right after it was going up. It tanked the PPS cause it scared the weak investors on the OTC about a RS. And everyone wondered wtf the CEO was thinking. Then all the “buddies of the company” bought up the cheap shares and after a month or so a new big juicy PR was put out and the company’s PPS exploded. This was back in 2019.
Not saying BOXS is playing the same game, but it’s been played before.
At the end of the day, you all you need to think:
1. Is this a scam?
2. Or do they have something
I believe it’s number 2, always have. Now if we investors actually believed it was 2 in a large number then the current PPS wouldn’t be where it’s at.
Still here. The team hasn’t changed, the focus hasn’t changed, or anything for that matter over the last months.
Yes, new board members have been added and the unfortunate PR that scared off OTC flip investors looking for that quick get rich money and probably people with stop loss triggers. But the company has been steadily trucking along. And in all honesty, they are and have been building a great foundation here.
Take two seconds and think, with the shares in the trips and prs saying they’re going to up the O/s or R/s sometime in the future, why in Gods name would more people want to join the sinking ship club as a BOD? Why would they change their name and ticker? Why would they spend the money to update/maintain a website?
It’s either 1 of 2 reasons. 1 they’re a scam riding the “lithium” wave (which in all honesty they are doing horrible at) or 2. They’re building from the ground up something great. And that they think will work in the future.
People need to see through all the crap. They know what they are sitting on. They’ve known since last December. I’ve been preaching about it since then.
Yes, would we all want to see $1 PPS Tomorrow, obviously. But that would just be a pump on no gas and then it would make the company look bad and turn away good investors. What the BOD wants is a company that will be around for a long time turning awesome profits once up and running.
Current PPS is just OTC investors scared by the last PR, plain and simple. Look at the graph before it. Has anything changed? The other thing affecting this is the timeline, people have finally realized that this is not going to make millions next month. Mining take time. Invest low, and sit. Which I know is had for the instant gratification that everyone’s used to.
Glad to see you still holding. I believe they have the smarts and product to keep things going, tuff decisions had to be made and that’s what today was.
Just wish they could put out more info to keep the OTC hopes high…. But hey, they don’t even want to be on this market place in the first place. Hahaha. Only time will tell where this goes. It would be nice to see us on the NYSE with the current share structure after they pay off all the debts. It would make me one happy man.
Advice for today, read all the text carefully in the announcements. 3d chess is being played here. And right now we investors are not the priority unfortunately.
I originally thought the an insider buying was great, thinking they wouldn’t want to lose money. But honestly this play was just to gain total control of the shareholders so we don’t have a voice. (No voice, they can do whatever they want with the insider on they’re side) if not I probably would have had to vote if he wouldn’t have done what he did.
The A/S R/S etc are just insurance plans right now. They’re not saying tomorrow they’re going to R/S or blow up the company with 4 billion shares on the market. It can’t even happen until 20 days from now anyways.
They have notes to pay.. unfortunately we couldn’t get GameStop on this and blow it up to $10.00 on the current O/S so hypothetical let’s say it stays at .01. And there’s a $10M note that needs to be paid. That will be 1 BILLION Shares. Our current A/S can’t do it. Therefore they’d be in default when the note comes due. (I think that would be a lot worst than today)
But yes, they have to play the right moves to keep the company out of checkmate
I think throwing out all these directions the company can go in one filing is smart. First, they don’t have to give out bad news anymore for a while. (What’d you prefer? Today A/S update, December R/s after dilution for the note) let’s face it in two weeks half of us will forget about today. And be surprised when the A/S got to 1B. :)
The silver lining is where they want to be. On the big exchanges with a new name, new ticker, partying with the big boys.They said $3-4 dollar min per 30 days to stay on those exchanges. So yes, sometime next year after paying the note, depending on the PPS/JV/grants/etc they will R/S to get us on one of those exchanges.
My personal thought process:
They probably applied for a grant and didn’t get it, hence why all of this rolled out after the announcement. Doesn’t mean they can’t continue applying for a future one. And if they get one, then all the R/S and O/S bs will probably not be an issue.
They have an insider for full control on anything. Hopefully putting that much power on one investor doesn’t bite them in the butt. I believe they are still pressing forward, but other than updating the ticker and sitting on a bunch of mining rights I’m not sure what else they have in they’re pocket. Probably not much in the near future hence why the news today.
Im going to stay here and see what unfold, who knows maybe an early Christmas present with some JV action figure.
I woke up this morning and saw the price and thought: crap Brobert is going to be happy… Well played my flipper friend.
This is definitely an overreaction, and if I had some funds I’d be buying right now.
Insider getting screwed? I don’t think so. If anything all this did and will do is shake loose hands and let more big fish get cheap shares. Really sucks to do this to the longs tho. BD move.
Now that some flippers asks have been filled. Longs hold on to them… Good news always from this company. Its not the fastest company, but good things take time. And I think they are positioned perfectly. One big juicy piece of news and we blast off.
Today was a perfect example that were not in a pump and dump. Some solid investors are holding here.
GL
Another thought that came to mind… with an insider holding a lot of public traded shares, worries about RS/ increasing OS should also be low. Would they really try to screw one of their own?
I feel the next few months will be exciting. Only time will tell.
They never said the Ticker is “ABM”. The company obviously abbreviated is ABM in their website. They would have put (OTC:ABM) if that’s what they actually chose. I think they’re smart enough to look up already used tickers. Once whatever they picked ie abx, Abe, etc then they’ll let us know.
The thing with this company from the beginning is they have always put the info in front of our faces for us to decipher. Many times we come up with our own conclusions though.
For example, the lithium report from last December, easy to understand before they even did drilling tests that the lithium in the 70’s didn’t magically disappear, which means it’s still there.
Now the extraction process is the kicker. DLE is new and in its baby phase so we shall see where that takes us. Right now the moneys a flowin into this sector, so win or fail. I’m pretty sure they have enough documentation/smarts to get a JV, merger, grant money, etc to get this party started.
If DLE doesn’t work, we’ll atleast we started a great company and advanced technology alittle more. And all of us longs will have made some great money. Also the flipper too :)
Brobs, I dare you to keep your .19 trade at .19 and not anything higher when the market opens. ;)
Thanks longs for holding the line.
Makes you think…
Insider buying up $150-200k of shares
New name, new ticker (paperwork in), new website
Killer BOD
No dilution since the first quarter
It’s like they know they’re sitting on something… like Some type of minerals that will make money…
Or it’s all just another phony OTC stock. I could be wrong, usually not.
Well crap, it looks like they’re making progress… weird who would have guessed? *end sarcasm*
Flipping at .01s looks to be no more. So sad
I have a good feeling about the next few weeks. Nothing substantial, but the field has been set. Even a noob trader can see this. Now it’s just up to the company to deliver. Guess we’ll just have to see what the “PR” is when it comes out.
Insider buying $150-200k amount a shares is a good sign. That many he can’t sell without broadcasting through the sec first. Also, it shows that he as an investor doesn’t believe that it will drop more than it currently is, and most likely will go up. When you see him sell, that could be your trigger point.
Yes you can flip .01 for .02 or as the new bottom is currently holding ~.015 to .02. But the big volume hasn’t been coming around lately so maybe the big walls on the ask have dried up?
Makes it kind of hard to flip for big money doesn’t BRob?
Either way I think that the company knows what they’re sitting on. Right now I’d be willing to bet they are looking for the most lucrative direction I.e JV, drilling themselves, merger, leasing out the land, etc.
Until they decide which direction, we wait.
It is primed. That’s why the flippers are silent. The big volume is locked up.
Gotta love the guys that place bets on the “don’t pass bar” at the craps table. It might cycle a few more times. But there is an inevitable higher highs in our future. So play the short game or long game. Me personally, I rather pay long term capital gains on this stock.
My thoughts exactly. Who would drop ~$150k on a crap company? They wouldn’t. From the beginning I’ve been saying it’s coming.
If they bought that much now, a person can only think… how much longer until it explodes… time will only tell, but I bet it’s coming within this year.
Never been a question of “Is there lithium” always been a question of “what will the company do with it”
We got really great guys in the BOD that know mining, logistics, financing. We have all the right players that have the right experience together.
This can only go up. This is the floor.
Honestly, IMO, the smart move now with the new board members would be to merge with one of the companies they are also board members of, or friends with.
That’s what I’d be working towards if I was “them”. Only time will tell. Until then waiting for the PR to drop, cause it’s going to be big either way and send the PPS to higher highs.
Locked and loaded,
If I was the company, I would wait until there was some big news I.e. permitting, drilling, etc to acompanion the NI report. To provide investors a direction with said report and rally the PPS.
We all saw what happened with the Dec report. Not many investors could see through the lines. I feel the same would happen with this one too without additional news.
Whatever they decide to do though. They’ve been making all the right steps thus far and I don’t expect that to change.
Other opinion, either the NI report or some other report by RESPEC has to already exist with really great information. If not this company would be tanking instead of bringing on stellar BOD members. Just have to wait for the information to go public. Until then, buy low and hang on.
I’ve been saying it since Dec 2021. If the Lithium was there in the 70’s. It’s still there now. This was never a question of if Lithium was present. It was only a question of what direction will the company go.
Now we know. And it’s going to be big. Glad to have been here long, and I don’t plan to sell anytime soon.
Glad to see all the extra investors on board now. GL to all y’all
Support is good, chart is good. This is a powder keg just waiting for the news.
In previous posts of mine. It’s like I’ve stated: unless something drastically has changed since the wells were dug in the 70’s, the report from the 70’s stated there was lithium. Logically, there should still be Lithium there today. It wasn’t like it dried up and we know that lithium wasnt the selling market until recently, so no one should have been extracting it between now and then. The only unknown is at what depths the best ppm are at. Which should have been taken care of with the re-exploring of the well. The NI report when it comes out will tell us this.
Remember It’s not a matter of “is there lithium” this is a matter of “how much, and can the company formulate a plan that’s profitable”
If they thought it was smart enough to make a guy that has all the back ground on logistics CEO I think that answers the second question.
Somethings brewing….
Sabastian Lux - CEO has started/worked in many supply companies- speaks French and Spanish
Dr. Adam Lipson - Dr and investor. Co owner of Strydd
David Graber - former CEO of BOXS
I wonder who else stayed or left? The 8k only says 5 BOD members. That leaves 2 of the original 5: Patrick L. Avery, Patrick A. White, John Edward Hentschel, Jared I. Levinthal
If Patrick Avery stayed, then this means, they are setting up an A team for mining: Patrick (miner) lux (logistics) graber (investment firm) Lipson (money/ideas)
References:
David Graber: https://www.sec.gov/Archives/edgar/data/1487718/000158069517000095/uvnd-8k_020117.htm
Sabastian Lux: https://www.linkedin.com/in/sebastianlux
Adam Lipson: www.strydd.com (scroll to the bottom)
More info on the good Dr.
https://www.strydd.com/
Dr. Adam Lipson (Co- founder, Investor)
Adam is a neurosurgeon, a graduate of Dartmouth College and Harvard Medical School with distinction and is a former US Fulbright fellow with research interests in neuroregeneration. He is currently managing partner at IGEA Brain, Spine & Orthopedics in New York City and New Jersey, a private practice generating $30-40 million annual revenue with 60 employees. He specializes in brain and spinal tumor surgery, minimally invasive lumbar surgery, disc replacement technologies for the neck and back, and functional neurosurgery using neuromodulation technologies. He has over a decade of experience as a private investor in over 20 biotechnology and biomedical device companies, including Bionik Laboratories, where he met Thiago Caires. He is passionate about finding technologies that facilitate advances in musculoskeletal training and rehabilitation.
Company seems smart with the biotech. Unsure on the market skills, but either way looks like they will continue to come up with ways to make money. I think 2023 will definitely know. Until buy low.
I’m not worried about the A/S. O/S is where it’s at. Looks like a very small amount unrestricted and a very large restricted structure.
To beat a dead horse… This does look like a sell off of stocks to fund the company. ~10M shares at $.01 = $100,000 However this is to be expected as I’ve stated before, shares are the only source of income. (Right Now)
If my speculation is correct, I would assume news should be rolling here soon. Usually you pay the company that does the NI report after they give you the goods. So this could be the funding they need for that payment.
Only time will tell. But I believe we’re getting close.
Great Support at the .01 range. Even with all the sells, the buyers are gobbling them up. I don’t expect us to stay down here much longer.
Agree. He’s already been fact checked and failed. One of Two options. He’s trying to buy up more shares, and trying to scare the lose hands. Or he’s not the brightest crayon in the box.
Nice to hear from the other smart investors on this ticker. Can’t wait for the report.
DD for the new investors... I'm tired of the "no information from the company" quibble so here it is.
1. This new CEO, COO, BOD has been very quiet even since the start of the company take over. They put out information when it is relevant. This is good, at least you know when info comes out it is pertinent to us investors. Not just fluff crap that you get from other pennies.
2. They post lithium news on their twitter for 2 reasons, one, to keep you aware that this company isnt going dark, two, provide important info on the minerals they are targeting. Obviously, they are not going to send random post about the next step of the company or what they are doing to day in day out. That would show their hand and probably be illegal to some sense. Image Tesla doing that, no, they send out something once a phase has been completed via the proper networks first
3. They are not going to send out anything until this phase is done, i.e. the NI report. Then and ONLY then will they send out information on the next phase, (drilling, scraping the project, etc) SO if you buy now it is a gamble, with high risk high reward but theres more...
4. If you do alittle math and google conversions using the report they have already provide: The one well they are going to re-explore back in the 70's had 340ppm LI, assuming no one cared to extract anything since then, which seems unlikely, the PPM should remain the same. With that assumption, that means for every 586,919 gals of brine (short of an Olympic swimming pool) there's 1 Tonne of LI = $70,000 current price. Assuming the Tweets they send out with the trend of use for LI in the future, this price will only increase.
5. The unknown is how many gals per day can they pump out, filter, etc. Speculating they could pump out one Olympic Pool per day that amounts to $25.6M Net per yr. And that's for one well. Of course other wells could have other outputs and this is only speculation with assumptions, but its a start to see the value of this company.
6. Yes the CEO and COO get paid, so what, and if they are getting paid in stocks, wouldn't that motivate them to also get the price to increase of the PPS?
7. Yes there was dilution, and probably will be to fund the setup/startup. Takes money to make money. Right now that's all they got, but they have been pretty thrifty IMO.
In conclusion, This is not a question of is LI present, this is more a question how will the company proceed once they know the depths and amounts of LI of the wells. IMO this really only has one way to move and that's up. IMO this is the bottom PPS (aside from pp driving down the PPS, MM, etc). Once the NI report comes out, expect news to increase from the company and PPS to move. Until then, Buy low and wait, or sell for beer money and play caught up. Or get all your Game Stop friends in this now and send it to the moon ;p
Last thoughts, This is only for LI, add in the other valuable minerals they can extract/sell, Net price can only increase. Other thoughts, even with inflation/current economy do you think pp are going to stop buying cell phones? Cars? I doubt it.