Thursday, November 21, 2024 6:37:18 AM
Anyway, the DOE (Department of Energy) in the US was handing out subsidies at the time and guess what? ALTI got none. Zero. Typical, right. The company struggled because the battery was more expensive obviously and most clients went for cheap. No surprise there either, right?
However, a Chinese company was paying close attention and was very much interested, which also happened to produce electric buses... They had been following (spying on) our message board for years and ended up acquiring 50% of ALTI. We as shareholders weren't happy because the price was not what we had in mind but perhaps the collaboration would still result in big success? Like sacrificing the queen in chess so you can win the game and claim victory.
But they made a mess. Cultural differences and all that. I think they had 6 different CEO's in under a year time. And the company was delisted eventueally and the shares became worthless.
Recently I had a look at that Chinese company. They still mention ALTI on their website and are still using the technology. They had a whopping 12% stake in the Chinese market for electric buses in 2021. Which is a big market there. It was just a startup like ALTI 15 years ago. Of course the ALTI shares are still dead. Deregistered. I have no idea if they are worth anything now.
Why I am telling this?
1) To show you how right you can be, and still not profit from it. You usually never do with startup companies.
2) Because HERB could be a similar story where the shares have no value now, but could be worth a lot later on.
3) Because ITUP will be involved in electric buses. Yes sir. And I told them all about this story and the superior battery tech that exists out there. And they will go for it. Over a 20-year period this battery will be roughly 4x cheaper than what other companies are using.
SIAF should have been a winner as well. But it was mismanaged and always had financing issues. HERB could still be a winner. And ITUP/MyCow probably will be a winner although they will face some struggles ahead, for sure.
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