Electra Battery Materials Corp. V.ELBM

18 to 1 Share consolidation and NASDAQ Aplication

[NorthInvest53]

Hey folks.
18 :1 Share consolidation and an Application to list on the NASDAQ...Check your emails and or news release. 

Peace

[crk]

I wonder if the volume lately is people in the know getting in or getting out. Lol, guess we'll find out.

[TennisStar]

NASDAQ is simply amazing. Faster than I had initially hoped for.  The share consolidation is needed and....as trent had put it, will be done at the appropriate time.  This explains the share jump and volume. Super!

[ztkatc]

Consolidation WILL DESTROY the SP...like it ALWAYS does

[NorthInvest53]

Nouveau Monde Graphites did not do so well...after consolidation..they did a 10:1 

[Marshall]

Based on a 18 to 1 consolidation, the share price needs to stay at 23 cents or more to qualify for Nasdaq listing.   Looks like a price correction buffer has been built in.  Anyone who has been around this stock for a while knew this was coming.  

[Goldfather]

Marshall that would be  $4.14 usd -- 18 X .23  Is that what youre saying... the NASDAQ  has a minimum price   of  $4.00 usd. ? 

[Marshall]

As far as I know the Nasdaq has a minimum requirement of $4.  $4 divided by 18 is 22.22 cents so lets agree on 23 cents.   

[Marshall]

That would be 23 cents in US currency. 

[Marshall]

23 cents US converts to 29 cents CND.     

[Marshall]

Assuming these are the guidelines and the current share price holds on the fence,  there will be some serious nail bitting going on before this goes for revue with the Nasdaq.  No guarantees here,

[NatureBoy]

Okay...that's what I thought. Thanks for your observation Marshall.  It is just that the timing seems off to me with so little margin for executing the uplifting. Nail biting is right!!! :)

[crk]

My uneducated guess is new 52 week high. Then ..... I don't want to say Lol.

[Marshall]

It's been my experience that a split like this usually has a negative affect in the short term.  Time will tell.  I'm sure there will be all sorts of opinions from the usual crowd.  Nobody really knows despite their best efforts to convince us otherwise.  We will see how the market reacts tomorrow. 

[Jordsword]

Trent has always maintained that the consolidation and listing would come at a time when other catalysts are being announced. I'm holding on to my shares tight

[crk]

I agree Jordsword. This is the tip of the iceberg.

[Starkicker]

I'm wondering if Doug Ford and his delegation somehow managed to convince the Biden administration to remove subsidies off American built EVs. Coupled with the battery plant in Windsor and the $250 million investment by GM for the Oshawa plant to build EVs, the supply chain and market are now in place and fully funded.

[Marshall]

Who knows, they might have another announcement.  Again, nobody knows.  It's a coin toss

[Mazz45]

Agree but based on Trent saying uplist will be tied to a major milestone of offtakes, I'm guessing this has something to do with the $2B federal budget on mining and processing.  To be announced on Thursday. Maybe an acceleration of our battery park... volume was $5M today... someone knows something.

[NatureBoy]

Will be anxiously awaiting those "other catalysts" being announced this week as Trent has assured shareholders previously. Glta

[Mazz45]

Trent's a smart guys... he's been patiently waiting for this moment for 2 years.  Somethings brewing. my guess is the $2B federal budget on Thursday... just too coincidental.  We'll see!  GLTAL!

[Carson1983]

I agree with Mazz45. I am quite sure Trent knows the risks of a RS but for the right reasons and or time it can be positive. ELBM is not an old large cap trying to survive. aka GE. I feel Trent still has another announcement waiting in the wings.

[Goldfather]

let's see what happens tomorrow. Mell could do a big NR , or wait till after Monday. 

[dothemathpeople]

Maybe...and maybe not.  I also noticed that Trent is the CEO only now...no longer the President?  His 5 years must almost be up, no?

[NatureBoy]

Marshall...OTC closed around 26.6 cents USD today. If 23 cents  is the benchmark, doesn't that seem risky for timing this RS with so little margin if erosion in share price occurs  before the  April 11 date? What am I missing here?  Just trying to better understand the logic for timing this move. I knew it was coming, but the Marin "for error" has me wondering