American Battery Tech Co (ABAT)

[dude iligence]

From the otc link the share structure

OS -RESTRICTED = UNRESTRICTED/FLOAT
Millions
473 - 143 = 330 float as of 12/11/20
They report float of 274 mil as of 5/21/20. This allows you to calculate rate of dilution.
330-274=56mil increase in the float since May. To calculate the rate of dilution divide by number of months or days.
56/7months=8 mil news shares per month hitting the float.
8/30days=266k new shares per day have been dumped into the float. Likely there was a pause in the dumping along with massive sure in buy volume which allowed the run from .21 to $1.54. This is how you suck in more buyers. Everyone wants to own a winner. So what now? Problem with otc dilution machines is management likes free money to pay for everything. They don't have to work so hard just talk a good game and put out some prs about plans for a bright future and dangle the uplist carrort. The s1 says 50 mil new shares to be sold into the float. The ceo says oh no only if we need it. BS detector lit. The s1 said as soon as possible. Give it a couple weeks there will be more dilution announced.

It all boils down to how hot the lithium stock market is and remains. If there is enough clueless newbies to buy more shares than they are dumping then the price will go up. Can the Robinhood newbies buy otc stocks? Chart is a bit steep with 2 big gap ups on in .80s and another .50s. Will those be tested? Problem with dilution is you don't know how or when it might happen or how much. It more than one source is dumping then it can become a race for the exits. Dont blame me the ceo is the one in charge. Most otc ceos talk bs 80% of the time and lie 20% of the time. I have one question how are the going to pay for the new plant?