American Battery Tech Co (ABAT)

[dude iligence]

johnnygman the play on ABML was a year ago fall 2020 into early 2021 when it ran from mid teens to $4.9 on the promise of an up and running bat recycling plant producing $2 bil in revenue within a yr. It was a great momentum mania play. I made a few hundred k on ABML. Here it is a yr later and they are working on permits. But they have done $mils of dilution. I would not be surprised if they never build a bat recycling plant. It is far easier to promise than it is to deliver on the promise. Ive been trading for over 35 yrs and I know a dilution machine when I see on. ABML is in the business of selling stock. Management doesnt really want a bat recycling plant cause that means hard work. If you want to believe the dream go ahead but you need to understand the float is increasing at an alarming rate of over a mil shares per trading day. The AS is 1.2 bil if I remember correctly and when the OS and float gets that bloated a reverse split and a big one will be in order. The shareholders are on the dilution shxxslide and it always ends the same way. They get fxxxed at the drivethru by management. Dont stop believing.