Replies to post #14583 on American Battery Materials Inc (BLTH)

[JJ24]

That would mean all the insiders who have commons will be wiped out as well .

[Hrvat4]

glad to see you made a new account less than a month ago just to try and bash some more.

you want people to sell so you can buy shares cheaper, ya cheap bum. Here's some FREE advice for you... back your talk with facts.

for the 100th time of me saying this to people like you: the shareholders will only get wiped out if they only own 300 shares or less, at which point the trading fees are worth more. and if you actually read the new document they came out with, it states that ABM will have about 12 million shares left. Which equals out to be a reverse split of slightly over 200:1 which is better than the 300:1 they mentioned before.
And I'll say again so it might get through that thick skull - no value is lost as the share price will jump with a direct correlation to the split.
Then you can note that the shared price will actually jump higher than that because they mention, on the same page, that the share price is valued at $10/share.

Here is a non-exact but close calculation of what should happen based on yesterday's close price and a rounded 200:1 split.

200,000 shares @ $0.012/share = $2,400
-----------------------------------------------------
200,000 shares divided by 200 = 1,000 shares
$0.012/share x 200 = $2.40/share

1,000 shares x $2.40 still equals the original $2,400 put in.

but since the share price is estimated to go to $10/share, then simple math shows that your value actually went from $2,000 to $10,000
an increase of about 417%.

and again, only the beginning of a multi-billion-dollar company. At a point in its life span that it hasn't even begun to do collect and sell the minerals in its wells.