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Other car companies including Hyundai has been signed hopefully to use AMTE if produced in Saudi Arabia. Pinnacle's last client priced $2 per share in fundraising.
https://www.bloomberg.com/opinion/articles/2023-11-09/saudi-arabia-s-lucid-ev-investment-isn-t-going-the-distance-byd-is?embedded-checkout=true
@may51
I had that experience of having cables through the front window when my alternator broke down. Who knows how electric car design can evolve. Maybe as frequent as there's a new iPhone.
Old news
Lots of people worry about owning an EV because there isn't many charging stations around yet. But power banks for EVs should clear those worries away.
https://www.parkers.co.uk/electric-cars/portable-electric-vehicle-chargers/
I think sodium is better in liquid form otherwise it could be used potentially for something sinister. Sodium metal explodes if it picks up moisture in air. Lithium manufacturing factories can easily be converted to sodium it seems. Hence they say just add the salt to lithium batteries in one article. Great expectations from the three hence they have majority of the shares. They might use that 30% to raise funds for infrastructure.
Charging stations will utilise battery as well. So one of the bod has been part of EV charging stations. And the fund managers involved in this at Patronus seems to be networking with BP. Meta which is also a 10B shares company has a shares value of more than $200 each. The dream team is in the BOD and perhaps the best fund managers Patronus with a Wharton guy in the BOD as well. I'll be topping up.
https://www.canarymedia.com/articles/ev-charging/fast-ev-chargers
I was curious at how much are actually the shares in circulation and stepped into around 7B owned by BOD and one of them owns majority of the remaining at near 30%. Of around 1B only is shared among private investors like us then seemingly the sp would have better potential than I previously thought. 10B shares but mostly unissued, I should get some more tomorrow then.
They should arrange more buybacks of the circulating shares early in the takeover. 10B shares accumulated to raise previously funds without any effect on mass production. The best technology available only to be ruined by people who weren't able to close deals.
How much will Pinnacle IPO the 80M shares it is asking from AMTE would be interesting.
AMTE could be the bitcoin of battery stocks and DGI should be Ethereum.
Pinnacle opens up market in the middle east. Start up partners like DGI should benefit from this rather than perhaps being acquired by Tesla for cheap. Hence AMTE will be huge as other startups are integrated into it.
Price predictions have been set between £3-15/share. I'm sure FOMO will not be the reason to achieve that so no need for abusive language there. Only 50M shares are possibly available in circulation which amounts to less than 1M for every town in England if they should choose to own some.
Can anyone clarify. So the following are conditions set by Pinnacle that they should own 80% of the shares which is around 200M of the 250M total and they waive the right to offer a premium buyback of the shareholders but want to dilute the circulating shares with 80M more possibly for middle eastern investors.
Norway could nearly be 100% electric in transportation. How they made it affordable should serve a lesson to everyone excluding one who takes offence in every opinion here. I don't know who else does he abuse.
They may have the best product and the best presentation yet they can't close a deal. Hence we're left into a penny share. They should have paid someone who knows business than waste everybody's time with BS.