Korean Joint Venture LostVery disappointing podcast by Larry. Great questions and bad answers.
For one, Li-Cycle claims to have a close loop process with high 90's recovery. The proof that it works is that LG and GM have partnered with them. They don't need to be transparent to Larry. Remember all the Tier One testing AMY was doing, well it would be foolish to think that Li-Cycle wasn't doing the same. Obviously LG preferred them.
Larry slipped, as usual, and disclosed that AMY may get more MOU's down the road. He no longer spoke of the potential joint venture as in previous podcasts. Larry also spoke of long term gain with AMY and no short term glory as he put it. This is likely the deal killer. As I predicted before, if AMY goes alone, the stock will stay at 20-30 cents. It's near a dollar now, so expect a severe slide.
All the longs will have to wait longer apparently. Perhaps time to jump on the Li-Cycle IPO next month.
Larry can no longer man the ship as his answers did not sound very reassuring. AMY needs vitaly to continue on. Does not mean replace Larry, I am sure he is a good CEO, he is just a terrible PR person. How many millions of market cap has been lost....maybe worth a proper PR rep.