American Battery Materials Inc (BLTH)

[stervc]

agblanco, to add regarding the reverse split...

From my understanding after talking back in July 2023 to the IR guy from BLTH (Jody), we should not be experiencing two rollbacks of our shares. It will either be a rollback of our shares through the 1-300 reverse split or it will be a rollback of our shares through BLTH merging into SGII to get to the NASDAQ. The thought was that the 1-300 was only going to happen if for some reason the SGII:NASDAQ deal had gotten canceled. Per the recent confirmation from the PR released on Sep 18, 2023, the deal is definitely going to happen. Read below:
https://www.otcmarkets.com/stock/BLTH/news/story?e&id=2634375

From my understanding, I think the 1-300 reverse split has been filed with FINRA, but I believe although it was filed, per the 8-K below filed on Aug 8, 2023, under ITEM 5.03, in the first paragraph towards the end, the Board will have the discretion to determine whether or not a reverse stock split is to be effected as it states:
https://www.otcmarkets.com/filing/html?id=16846178&guid=vSg-kKpyTA7-B3h

This is why I believe that the Board executed that right and decided to not execute the reverse split. This means that we should only be seeing one rollback of our shares. The Insiders own a huge amount of shares of BLTH. It doesn't make any sense that they would screw us shareholders and screw themselves by doing two rollbacks.

v/r
Sterling