At the last Annual Meeting (2020), I asked the CEO why the company did not issue a PR in the last 10 months. The CEO responded that when a material event occurs the company will PR it; indicating that nothing material had happened for the past 10 months. This was surprising, but with the COVID-19 lockdown, I gave the CEO the benefit of the doubt. However, this year, there has not been a PR for 11 months. However, in June of this year, the company was awarded a $200,000 grant from the Department of Energy for: Project: “Domestic Halloysite-Derived Silicon as a Low-Cost High-Performance Anode Material for Li-Ion Batteries”. However, no PR was issued. The company currently has a Market Cap of less than $2M. How is such a grant award not worthy of a PR? Why does management insist on keeping investors in the dark despite obvious advancements in the company, particularly in the area of the battery technology? Rumor also has it that the company gained back two customers who prefer the quality of the mineral it provides. If adding customers and getting 6-figure grant awards is not material to business operations, what is it going to take for the company to issue PRs and inform the public of these material events as they happen?
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