Replies to post #13567 on American Battery Materials Inc (BLTH)

[BRoberts1982]

2.8 BILLION SHARES ADDED ... HUGE DILUTION
REVERSE SPLIT ALREADY APPROVED.....

YES... American Battery Materials, Inc. DID Strengthen it's Financial Position and Capital Structure
( On the BACKS of current shareholders...... )

Current shareholders just got WIPED OUT to give the company and the shareholder with 2.8 BILLION NEW SHARES a NICE , CLEAN Capital Structure. Sadly they think this is a gift.

Along with the New Company "Capital Structure" is the New Company Share Structure
And A REVERSE SPLIT TO DEAL WITH THE ADDED DILUTION

Some shareholders got a company with a cleaner capital structure and BILLIONS OF SHARES......
PREVIOUS SHAREHOLDERS GOT DILUTED TO OBLIVION
...... and a REVERSE SPLIT

[MU_Redskin1]

I was doing some DD and I ran across this article regarding the US Government doling out $2.88 billion for the EV materials mining and manufacturing industries. I was overjoyed initially to see the $57.7 million award then realized the company in the article is “American Battery Technology Company” not “American Battery Materials, Inc.”.

https://www.utilitydive.com/news/doe-battery-manufacturing-minerals-processing-award/634562/

Maybe BOXS can get a piece of the action before the money is all gone!?

GLTA BOXS!

Cheers, Red