Surge Battery Metals Inc. V.NILI

Holding of shsres by Li

[Greenfield77]

What happens if they unload?

[Loughatorick]

LI is having issues with keeping their share price above the threshold required to keep their listing on the NASDAQ exchange. In the recent Rock Stock Channel interview, Mr Harris stated (25:50) that LI had been approached to provide $ 7,000,000 to $ 8,000,000 (assumption - USD through exercise of their NILI warrants) of the $ 25 to $ 30 million 2025 NILI operation budget. I was surprised to

[Greenfield77]

Surprising as you say, and unlikely, as you say they have their own issues. But I would think that a large investor would prefer to buy from treasury to see it go to work.

[Loughatorick]

Good point. However, based on the Rock Stock -Harris interview, it appears that LI will be purchasing  NILI warrants rather than divesting.

[Greenfield77]

Why would they exercise warrants that are well out of the money? And where would they get the money?

[Loughatorick]

I believe that the proposal is for LI to purchase more warrants in NILI.

[Loughatorick]

LI has money in the bank, but also has lots of projects that need development.