Tritium DCFC Limited DCFC

So is is just me or is the sec filing more about the lock up period ending and now all those shares be available on the market. I don’t see where they are issuing additional shares it is just that the shares will be unlocked and can now be trading. You need to remember though that any of these shareholders that were subject to a lock up period have a super long term perspective and I don’t think they are all going to be dumping their shares on the market.

Here is the statement in the filing which should concern us.

Sales of a substantial number of Ordinary Shares and/or Warrants in the public market by the Selling Securityholders and/or by our other existing securityholders, or the perception that those sales might occur, could depress the market price of our Ordinary Shares and Warrants and could impair our ability to raise capital through the sale of additional equity securities. We are unable to predict the effect that such sales may have on the prevailing market price of our Ordinary Shares and Warrants.

https://investors.tritiumcharging.com/node/7661/html

I know folks didn’t like the negative posting but everyone really should read the sec filing from last week. Tritium needs money and it is obvious they don’t care about the stock price since they even mention that the actions they are taking can have a negative affect on the stock price. I have been lightening up my exposure since we will get a chance at much lower prices. The company cannot exercise the warrants since it doesn’t meet the stock price requirements. If you plan to hold for a few years you should be fine. Just remember that lots of folks are getting in on the dc fasters(evgo, Rivn, blnk, Allg, Tesla to name a few). The good thing is we have a little time if you want to sell. This company hasn’t given us any meaningful updates for a reason. I’m super disappointed tbut does look like we are living in spac hell. I hate to say it but Tesla will dominate this space if they charge a competitive price. It is just reality. Love the company and the product but doesn’t look like they have their shit together.

Nice turn up today. Volume is still low but let’s hope the shorts get scared and start to cover so to get a vol spike. An order update on top of the BOD addition would be awesome. Let’s see where we close but it is looking good so far. Hold on longs, hopefully this is just the beginning. ??

Several other companies like chpt use their equipment. Nothing will move the stock and get the shorts to cover other than big news on orders since they won’t provide any more financial updates till January 2023 based on their reporting schedule. Until we see a 500k volume day and up 10%, mr shorty owns this stock. I realize everyone is frustrated including me but we are screwed until the company becomes a bit more transparent which might not be for months. If we are lucky we drift between 6 and 10 until then. Don’t expect much which is why I have low priced options.

Our stock is toast until they provide an update which I would of thought they should have done when they provided earnings. Obviously they are oblivious to the public shareholders although I’m sure all the insiders have gotten personal updates. They haven’t gotten any meaningful orders other than 100 hear and 100 there in months. Not sure why they need a new plant unless they have 2-3x normal orders. Also the company is bleeding cash based on their financials. Their margins are only 5%. Yeah you read that right, only 5%. As stated before there are a lot more companies making fast chargers than originally thought. Rivian actually had a grand opening out in Colorado to highlight their vehicles using their new fast chargers. Looks like a we are in Spac hell. Not good but still holding until the end of the year.

Well atleast we closed over $6 today and the volume continues to be pathetic. Now that blnk has purchased another company, they will also be taking advantage of the infrastructure money along with Tesla, Siemens, rivian and evgo. Patience is key but we need an update on orders, otherwise we will be stuck below $7 till after their next earnings report which will be in early January. I think we can forget about tritium until we get some news. Beware of the pumpers since they are probably working with the shorts. Have a good weekend longs

Shorts are ruling this stock indeed. I guess it isn’t really very hard to get into the charging business. Rivian is now producing their own fast chargers and I think this business might get rather saturated quickly. Will hold for a while and look for an exit back up around $8 but I think sub $5 might happen first unless we get an update on current and future orders. There is still hope but not looking good. Volume is anemic at best which is one of the only things we have working on the long sides favor. Good luck all.

Genny,
The warrants are good for 5 years and the company can call in the warrants when the stock price has been above $10.80 for 20 days out of a 30 day period. There is some info with more details about this on their website.

https://investors.tritiumcharging.com/resources/investor-faqs/

First step is complete. They reported July -Dec 2021 financials. Now we just need to get an update from the company on their outlook for the rest of the year. Let hope that comes tomorrow. ??