Thursday, March 11, 2021 8:36:18 AM
Days like today are frustrating for longs. These grants are an annual grant for BOD members. No surprise. Nobody cared at .04.
Lets not forget they are pre revenue with an incredible valuation. They are an obvious target for an attack. Doug has publicly gotten ahead of himself on a few topics and the continuous pump without moving dirt doesn't help.
I am long. Doug said before that they should conservatively be producing black mass by Oct. That's a big difference from 4th Q 2020 as originally stated a year ago. Menka said recently they could be moving dirt in late April or May.
I believe in their team, but every implied deadline missed, from initial funding, to permitting and construction delays (regardless of the cause) hurt their market credibility.
Menka also said that the social media blitz is to gain brand recognition so they will be recognized when they start recycling.
It is what it is. No fun watching millions in valuation evaporate. It's way more fun on the run up.
We're along for the ride, and a hell of a ride it is.
There is a pro active video out rebutting the falsehoods and a statement from the Company.
Good luck to all longs!
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