American Battery Tech Co (ABAT)

[RMacchio]

Most of the dilution was from 1-2 years ago when they needed to use convertible funding in order to stay afloat. I'm not thrilled with the outstanding share count but am not too worried about the relatively small amount of dilution that will be needed going forward. At the current and future share prices they shouldn't need to add more than 100M shares (less than 20% increase) to secure the funds outlined in the S-3. And, if this company actually throws off the amount of cash they're predicting, they probably will not have to dilute very much in the future.