American Battery Materials Inc (BLTH)

[lager]

Their main goal is to up list to big board which requires $4 minimum PPS (among other regulatory criteria). The thin red line that's up for debate is whether or not they will do a reverse split to achieve this and wipe many shareholders out or reduce their positions significantly. Their word salad is that the converted debt into 3+ billion shares is owned by debtors who are in for the long haul (hinting at no reverse split) but they didn't directly confirm or deny that a R/S would take place (no company ever would). So we wait.