Don't know when they will go public, investors will always want that larger return eventually.
A couple of years ago this micro-penny stock was bankrupt and staying afloat thru heavily diluting share sales. They survived and were funded to be able to send samples to Argonne and with that potential acquire some new investors and this has grown into more investors. The company is barely off of life support and now growing.
People wonder why they can build a battery plant and not be public already, when common sense should tell you that it is the partners/investors who have funded the new plant as a portion of the business plan and if they are not ready to go public the company will not go public.
I posted almost a year ago about the Tie in between Amobi Capital and its created Helios Royal Energy venture and XNRGI. Helios shows their partners on the website and it is a mix of American, Saudi, Chinese investors.
They also have a map showing the Battery Plant in India that went online in Q3 2019. They show a different battery plant to go online in Q2 2020 ( powerchip ? ) in Egypt. They list the different battery products from XNRGI on their website so I am not misinterpreting the relationship with XNRGI.
This company with its investors are in the process of establishing themselves in the industry. Until that is accomplished, we may not hear much. They appear to be executing without the fanfare of PR.
The PR storm will come when they have product out and cannot be stopped.
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