American Battery Materials Inc (PK) (BLTH) Quote

LOL. Yuck.

A grant of discretionary authority to the Board of Directors or the executive officers of the Company to implement a reverse stock split of the outstanding shares of Common Stock on the basis of one post-reverse split share for up to every five (5) pre-reverse split shares (for example, if you own 5 shares now, you will own 1 share after the reverse stock split) to occur as soon as practicable, but in no event later than 120 days after the date of this Information Statement, with the exact time of the reverse stock split and the exchange ratio of the reverse split to be determined by the Board of Directors or the executive officers of the Company. A proposed 1-for-5 reverse stock split of the outstanding shares of Common Stock would reduce the outstanding shares of Common Stock from approximately 11.6 million shares to 2.3 million shares.

2. The filing of a Certificate of Amendment of the Certificate of Incorporation that will decrease the authorized number of shares of the Company’s Common Stock to One Hundred Million (100,000,000) shares.

3. The adoption of the Company’s 2024 Incentive Compensation Plan, under which 4,000,000 shares of common stock will be reserved for issuance thereunder.



https://www.sec.gov/Archives/edgar/data/1487718/000149315224036977/formpre14c.htm

PROSPECTUS SUMMARY

...In order to achieve our current objectives at the Lisbon Valley Lithium Project, our estimated pre-production phase timelines and significant milestones include (i) the processing and approval by the BLM during the third quarter of 2024 of our exploration permits to drill, (ii) the commencement of drilling exploration wells by the end of 2024, (iii) the preparation of our Regulation S-K Subpart 1300 technical report on our exploration results in late-2024, (iv) the selection of a DLE technology provider in early 2025, (v) the development and building of a pilot lithium extraction plant in the first half of 2025, and (vi) the commencement of drilling production wells by the end of 2025. Our production phase, which primarily includes the building of a permanent lithium extraction plant, is estimated to begin in 2026.

FORM S-1

Good luck to you as well. Just know what's going on here so you don't keep your hopes up. Nothing will ever happen.

Absolutely nothing will ever be done here. Nothing.

In a year or two when he can no longer milk lithium as a scam he will move on to something else, like crypto etc, just like he has many times before.

All good... either like it or don't... gl

And don't forget all of the interest Graber collects on the notes he issues...to essentially himself lol.

He's using this as his own personal bank where only he collects lol.

Run...

The latest note Juky 11 for 200k was issued by guess who?

David Graber himself. Again.

Wake up. Open your eyes. Theyre simply repeating the same thing they did a few years ago. Graber loans the company money, the company then uses that money to pay Grabers salary, when the notes all become due they convert all of Grabers notes to shares, do a RS, and Graber ends up owning more of the company than ever without spending a dime.

It's a scam. Pure and simple a scam. Owning mining rights is perfect to pull it off because then they never really have any expenses in running a company...just paying themselves millions every year.

Run...don't walk away from this.

Yup.

At this point, all the current officers are kicked out? https://www.otcmarkets.com/stock/BLTH/profile

Company Officers & Contacts
Not available

Board of Directors
Not available

Where getting Millions? Not selling shares... Third party Investors with no connection with Management funding this Lithium operation. Either going Bust or Making Bank. Choose your poison.

Those notes exist to do one thing...pay these guys millions every year. Within 6 months they will convert them like they did before and then do another RS.

As far as their lithium being worth billions, that they paid 100k for btw lol, here is a link to spot lithium prices. Goto the 5 year chart. Youll see that lithium prices have fallen to lower than what they were even 5 years ago before the boom.

It's over...for lithium and the company. You just haven't accepted it yet.

https://tradingeconomics.com/commodity/lithium

Plenty money... look at all those notes... Lithium is worth Billions. Once the two existing wells are approved for drilling and samples taken to prove either Lithium or no Lithium...

The lithium frenzy as well as this company had its chance a couple of years ago.

Now both are dead money.

You need to let go of this dream.

They aren't drilling anything.

How can they when they have no money and no chances of raising any.

How this still has a 4 million dollar Mc is one of the great mysteries of the universe.

In SEC filings, I'm not aware any drilling permit date change... Current filings:

We filed our initial applications in August 2023 with the UDOGM and the BLM. We received tentative UDOGM approval in April 2024. Conditions to obtaining final UDOGM approval include the completion of the review for the requirements of the National Environmental Policy Act (the “NEPA review”) by the BLM, the BLM’s concurrence on the amount of the surety bond that is required, our company paying the surety bond amount and providing additional requested information. The NEPA review, BLM’s concurrence on the amount of the surety bond, and the approval from the BLM are currently pending. It is anticipated that it will take 300 to 360 days for approval to drill once the initial application is filed and under review by each agency. The flow charts below outline the permit process for exploration of minerals (lithium well drilling), which is regulated by the UDOGM and the BLM.

insert-text-here

Every quarter they move the drilling permit to next Q.... Stop the BS...

IMO

No Dilution... Drilling permit expected Q3.

Market Cap Market Cap
4,668,814
08/30/2024
Authorized Shares
4,500,000,000
09/01/2024
Outstanding Shares
11,674,954
09/01/2024
Restricted
9,450,296
09/01/2024
Unrestricted
2,224,658
09/01/2024
Held at DTC
1,208,817
09/01/2024

Holy crap. How is this company losing 4 million a year when they don't do anything?

Ill tell you how...because this is a salary scam company. It exists only to supply these guys millions a year.

And now in debt 21 million again? Worse than a few years ago.

Run. Run as fast as you possibly can away from the Pos.

Only a matter of time until they rinse and repeat this scam all over again.

Bids starting stack…

The accompanying consolidated financial statements have been prepared on a going concern basis. The Company had net loss of $1,414,618 during the six months ended June 30, 2024, has accumulated losses totaling $21,654,257, and has a working capital deficit of $4,608,868 as of June 30, 2024. These factors, among others, indicate that the Company may be unable to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1487718/000149315224032160/form10-q.htm

$BLTH Great we have a nice buy!

It's starting Q3 2024 per SEC Filing:
In order to achieve our current objectives at the Lisbon Valley Lithium Project, our estimated pre-production phase timelines and significant milestones include (i) the processing and approval by the BLM during the third quarter of 2024 of our exploration permits to drill, (ii) the commencement of drilling exploration wells by the end of 2024, (iii) the preparation of our Regulation S-K Subpart 1300 technical report on our exploration results in late-2024, (iv) the selection of a DLE technology provider in early 2025, (v) the development and building of a pilot lithium extraction plant in the first half of 2025, and (vi) the commencement of drilling production wells by the end of 2025. Our production phase, which primarily includes the building of a permanent lithium extraction plant, is estimated to begin in 2026.

FORM S-1

Yeah Graber is here to grab his $200k/year

$BLTH Will Graber ever do anything here?

Nice hear something...I think the drilling permit will be issued this quarter. (3rd qtr. 2024)

$BLTH Still very quiet

🚨 $BLTH ? Pink Current

🔑 AS:4.50B ? OS:11.67M ? US:2.21M

✨ Outstanding Shares Updated:
- 🔴 From: 11,612,729 (11.61M)
- 🟢 To: 11,674,954 (11.67M - 6/13/2024)
(Diff: 62.23K, % Change: 0.536%)


✨ Restricted Shares Updated:
- 🔴 From: 9,398,071 (9.40M - 6/7/2024)
- 🟢 To: 9,460,296 (9.46M - 6/13/2024)
(Diff: 62.23K, % Change: 0.662%)

https://t.me/OTCPromoTracker/4589

Management gave the note holders 30% bonus not sell on otc market. The new notes require listing on NYSE American.
Form S-1

They ain’t done $hit

Good observation.

I have read i can only see debt and notes… no other development

Remove any bias take another read.

I can only see a bunch of notes...

May be they are gathering the notes to pay themselves....Graber and Lux pay themselves almost 200,000/Year as a salary...Check the filing...

With a bank on the cover

SEC Form 1
https://www.sec.gov/ix?doc=/Archives/edgar/data/1487718/000149315224023504/forms-1a.htm

what?

$BLTH Crickets here and no updates

SEC filings say otherwise…

BLTH has no infrastructure, and they have made no progress toward lithium production. They have no facilities in place, no team, nothing. They're just some guys with a PO Box and some land.

List on AMEX, volume and price appreciation follows… $250m MC with 15M OS sp will be over $16 share

You do realize if they would have just stuck with the other ticker, the price would have been $10.00 a share. These are two clowns running this ticker and I have a ton of shares. Good Luck to you

LMAO. Stop duping people.

Uplisting to NYSE American, minimum pps $3.00… expected happen this Summer…

Same to you

Understood your point, but the note holders could even covert at 1%, if there is not good news or progress, this thing tanks them. Any selling and we are under a penny. Nice job CEO on the R/s #DUMBA$$ Note holders are in worst shape then regular share holders IMO. They were dumb enough to loan these guys money. They won't even get $.01 on the dollar they invested IMO. They better get their lawyers ready if no news or progress comes. And I own shares full disclosure

The conversion price for the Conversion Shares in a voluntary conversion shall be equal to 65% of the volume weighted average price for the Company’s common stock during the 20-consecutive trading days preceding the conversion.

THERE IS NO VOLUME BUDDY

For those who seem not to understand financials
The 7 investors only ones making money here regardless what pps is at !

Numbers POST R/S

The Company’s certificate of incorporation authorizes 4,500,000,000 shares of common stock, par value $0.001; and 10,000,000 shares of preferred stock, par value $0.001. As of April 1, 2024, the Company had 11,375,459 shares of common stock, and 50,000 shares of preferred stock, issued and outstanding.

On December 8, 2023, the company effectuated the reverse split of the common stock by a ratio of one-for-300 (the “Reverse Split”). All per share amounts and number of shares in the consolidated financial statements and related notes have been retroactively restated to reflect the Reverse Split.

The Company had net loss of $2,384,802 during the year ended December 31, 2023, has accumulated losses totaling $20,239,639,

During the year ended December 31, 2023, the Company entered into Note Purchase Agreements with seven investors not affiliated with the Company (the “Purchasers”) pursuant to which the Purchasers purchased from the Company convertible notes (the “Convertible Notes”) with an aggregate principal amount of $2,000,000. A total of 67,239 shares of common stock were issued according to the note agreements or as additional consideration for the issuance of the notes. The outstanding principal and accrued interest balances on December 31, 2023 were $2,000,000 .

The Convertible Notes provide for a maturity of 12-months; 7.5% interest per annum; and no right to prepay during the first 6-months after the date of issuance (the “Issuance Date”). The Convertible Notes are convertible into shares of common stock of the Company (the “Conversion Shares”) as follows:

The Purchasers have the right to convert into Conversion Shares, in whole or in part, at any time after 180 days following the Issuance Date. The conversion price for the Conversion Shares in a voluntary conversion shall be equal to 65% of the volume weighted average price for the Company’s common stock during the 20-consecutive trading days preceding the conversion.

No dilution... looking forward to listing on American... From the 8K may happen by end of June.
Held at DTC 1,208,817 05/02/2024

b. impose a limitation on their conversions so that the investor will not effect a conversion under its note until the earlier of (i) the uplisting transaction closing or (ii) July 1, 2024.

SEC filings are not a joke. ABM giving a bonus to note holders not to convert until listed on a national securities exchange… If read the filings know ABM uplisting to NYSE AMEX. Reminder: float under 1.2M… LITHIUM

“In consideration for the extensions of the maturity date and agreement not to convert their notes, the principal amount due under each note was increased by 30% and the interest rate of each note was increased to 10% beginning on the effective date of March 29, 2024. The note amendments were negotiated between the Company and unaffiliated investors on an arm’s-length basis.”