American Battery Technology Company ABML
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$ABML Anything on Fox will be negative on EVs. Period.
@Citizen Kane, you’ve been a licensed financial advisor since age 17 ?!?
How can I buy the warrants? I trade on Ameritrade, but I don’t see the offering. Also no direct offering on ABML site.
How does one buy the warrants?
Rusty Reed ABML 3 years ago #15Making some crazy movements!
I am an ABML/ABTC long holder; dilution does worry me, though I think Ryan and team have a solid enough footing to avoid it. To highlight the danger:
From Bloomberg:
Mullen Automotive is ostensibly in the business of making electric cars, but its most plentiful product is its own stock. There are now are almost 1.7 billion Mullen shares outstanding, compared with fewer than 25 million a year ago. The authorized total could soon increase to as many as 5 billion, according to recent financial filings. Several hundred million of these shares change hands on a typical day, making it one of the most active of all US stocks in volume terms. Bloomberg Opinion columnist Chris Bryant writes that Mullen is a case study in the dangers of creeping shareholder dilution, and how as the tech bubble bursts, retail investors can find themselves taken for a ride.
$ABML ChatGuy has a good point on Musk liking Melsert and ABML’s concept, but what about Straubel and Redwood? How did Straubel and Musk get along? Melsert? Does any of that matter?
Personally, I think that there is room for multiple players. I’m long ABML.
Any thoughts?
$AMBL Here is a piece from Bloomberg on Redwood and recycling - AMBL needs a strong, similar deal PR:
In the latest indication a supply chain for electric vehicle batteries is sprouting up across America, Redwood Materials, the recycling company created by Tesla co-founder J.B. Straubel, reached a deal to supply Panasonic with billions of dollars worth of critical battery minerals. It’s the first major contract for domestically processed cathode material, a substance that’s responsible for more than one third of the expense of a finished battery pack. Redwood will supply the material to Panasonic’s new factory in Kansas when mass production begins there in 2025. The plant is expected to produce cells primarily for Tesla EVs.
Nice write up from June 2022
ABML is solid, but patience required.
The IP acquisition was not AMBL; it was American Battery Solutions. No relation.