American Battery Materials Inc (BLTH)

[exisnet]

Lipson bought ~$200K worth stock on the open market.

When management reveals that we are sitting on billions of dollars Lithium the MC will reflect. As a minimum $100mm MC reasonable with a 1000mm MC likely.

Math:
4.5Billion shares diluted with 100mm MC ~.02 pps
4.5Billion shares diluted with 1000mm MC ~.20 pps

Above assumes all shares diluted. Anyone buying sub-penny likely made serious bank and already closed positions perhaps riding market shares onto up-list.

No reason to RS then dilute, the logical move is to sell enough shares into the volume pay off the debt. Once the debt is paid the appropriate RS (if necessary) will be executed to meet uplist sp requirements.

NOTE: A profitable company has a multiplier thus take sp x 10 or more...

Let’s hope they don’t destroy retail on the way up