Replies to post #5478 on American Battery Tech Co (ABAT)

[LCJR]

No, you need to actually read. That is not the CEO of ABML.

LCJR

[Acme101]

BRLL CEO (Craig Alford) was at one time the CEO of ABML and was replaced by the current CEO (Doug Cole). Cole has spent a good chunk of his time getting rid of all of the convertible/toxic debt where today the company is debt free based on last video. Check out this below extraction (page 14) from this 28 Sep 2020 10KT

https://sec.report/Document/0001078782-20-000720/


Item 3. Legal Proceedings

In January 2018, the Company filed a complaint in Nevada seeking the return or cancellation of 16 million common shares which the Company believes were fraudulently issued as well as claims against the former CEO of the Company, Craig Alford. As a result, the Company entered into agreements to cancel eleven million shares (of which ten million shares have already been cancelled). The remaining five million shares were cancelled and reissued after the Company determined that the recipients provided proper consideration for such shares. Alford has filed a counterclaim against the Company for amounts allegedly owed to him that the Company believes is entirely without merit. The litigation continues against Alford and certain other relief defendants but has been delayed due to Covid -19 restrictions.


Other than the preceding, to the best of our knowledge, we are not currently a party to any legal proceedings that, individually or in the aggregate, are deemed to be material to our financial condition or results of operations.


imo; don't see ABML partnering with BRLL with this legal item still outstanding, but then, business and politics can make strange bedfellows.