Electra Battery Materials Corp. V.ELBM

RE:RE:RE:RE:RE:RE:WernHerr / WarmAir

[17Digger]

ELBM did some ill thought out things which led to the present share price damage:

1 - It did not wait to get revenue before rocking the boat with a consolidation. If it had revenue then the market would support it much better.

2 - It went for a US listing when it could have stayed in Canada. IT did see to sell more shares there after saying we had too many already pre-consolidaiton. Now it is tied to the boat anchor of a falling US market not amenable to good resource companies at itme in the market cycle when the TXS resource sector will flourish / boom in Canada for the next several years.

3 - It issued more shares to management at a time when it professed we had too many already - which deflated their credibility!

4 - It announced the consolidation of the stock when it was at about 40 cents and that killed the growth in price above 40 cents ever since, even though it was moving up nicely.

• None of the above was necessary. The TSX is in a commodity boom and we are moving (too slowly though) our plant construction towards making revenue. The TSX is a better market for a resource & commodity company

• The price was rising before mangement did the above actions.

• They did not need to be done then and were unnecessary and damaging to the stock price. The proof is showing up every day since the consolidation was announced and is worsening with a US listing.

If you disagree, tell us why these things needed to be done at the exact time thery were, and having been done now why is the stockprice not rocketing.

It you blame the recent stock market for this fall, look back to see when that real malaise inour stock price began. The latest boat anchor ride on the US market for our stock is just what was predicted by many of us long before this recent market crash started.

It won;t be long before ELBM falls below that "magic" $3 US level which  management was aiming for. Then what? Another Unnecessary consolidation just to stay listed in the wrong market?

I still think the stock ride will give us a good opportunity to buy it about $3 Canadian. I will do that on the TSX. 

Those are my reasons why I say the past 18 months damage to our stock price was so unnecessary - and preventable etc.
Several of us warned everyone on this SH Board and mangement ignored the warnings.

Now we are paying the resultant unecessary costs. The profitable thing to do now is buy it low again. 


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