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Saturday, January 07, 2023 11:14:44 AM
1. We received an announcement on 1/6/23 that MZ group is hired as an "IR firm" which has a cost to it.
Check out their experienced team and diverse clientele: https://www.mzgroup.us/team ~ https://www.mzgroup.us/testimonials
- What do you think is the purpose of MZ for a public company that has common shares on the public market?
2. 1/6/23 PR indicates the following:
MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors and maintains offices worldwide.
Brooks Hamilton, Director at MZ North America, will lead the MZ team advising ABM in all facets of investor relations including the coordination of roadshows and investment conferences across key cities and building brand awareness with financial and social media outlets.
https://www.globenewswire.com/news-release/2023/01/06/2584402/0/en/American-Battery-Materials-Engages-MZ-Group-to-Lead-Strategic-Investor-Relations-and-Shareholder-Communications-Program.html
3. On the same day as the PR, BOXS files an 8-K that the:
https://www.otcmarkets.com/filing/html?id=16303375&guid=DWl-kn5GrJ2Pdth
a) Note holders, who also happen to be Directors, converted their $11.7 million of debt into 2.8 billion common shares.
b) Warrant holders paid $105K to convert their warrants into 27.6 million common shares
- What do you think is the motivation of the note holders and warrant holders to obtain all of these common shares, coincidentally, as MZ is going to start their work and before we receive any updates on operations?
This is all IMO and I am just trying to connect the dots. Although the primary objective is to clear the balance sheet of any debt with the conversions, I think the hiring of MZ is too coincidental. Time will tell.
Go BOXS!
![Bullish](/static/images/ih2-bull.png)
Buy cautiously and sell reluctantly. All of my posts are In My Opinion only based on the DD I have completed. Please do your own DD and make your own decisions.
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