RE: Like a lottery...but to what odds?2 Jan 2024 18:24
Evening all
Having been through an admin process, I can tell you the 10 days is to give the company time to sort itself out without the directors looking over their shoulders worrying about their own positions as directors.
Just my view but I think they might have instigated this to encourage the known suitors to put up or shut up-high stakes of course but they have few cards to play if cash is running short.
All is not lost-yet.This tactic may bring things to a head but in any event, there is going to be severe pain for current equity unless you have the means to follow on.
I think you will all know soon enough of course
As for the comments about the state of the battery industry, the problem for AMTE is really down to the lack of a commercial product.They clearly think there is value in the IP but literally billions is being splurged on cell chemistry across the globe.Companies like Johnson Matthey pulled out of the space a few years ago for the reasons I explained before-low margin etc
Anyway good luck all-nobody should enjoy others losing money at any level