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Volt Carbon Technologies Inc V.VCT

Alternate Symbol(s):  TORVF

Volt Carbon Technologies Inc. is a Canada-based carbon science company, with specific interests in energy storage and green energy creation. The Company’s operations are focused on exploring mineral properties and developing its air classifier technology. The Company holds mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. The Company’s wholly owned subsidiary, Solid Ultrabattery Inc., is focused on developing its battery technology. The Company operates through two segments: Research & Development, and Mineral Exploration. The Company holds mineral rights and multiple historic molybdenum properties in British Columbia and a graphite property in Quebec, which include Red Bird Property, Mount Copeland Property, Lochaber Property, Manitouwadge Graphite Property and Abamasagi Lithium Property. The Company operates a battery fabrication facility in Guelph, Ontario, and a carbon research facility in Scarborough, Ontario.


TSXV:VCT - Post by User

Post by yaz1980on Mar 21, 2017 7:07am
300 Views
Post# 26006250

The whole story

The whole storyIn my opinion what happened is as follows: Panasonic approached sjl and ordered a sample to test it, then there was some talks about an offtake agreement if the sample was up ti Panasonic expectation. However the amature ceo released the feb 28 news as if the offtake agreement was signed. at this point Panasonic and sjl started to receive requests for the detailed information regarding this offtake agreement. Panasonic approached sjl again and asked them to clarity that it is just a sample and there is no agreement. Again the amature ceo did another mistake in mar 3 NR and mentioned that sjl and Panasonic are finalizing the agreement. Panasonic gave up with sjl and contacted the regulatir directly and admitted that there are talks but there is no agreement frim there side. the regulator halted the stock and asked sjl to clarify. sjl contacted Panasonic and talked to them about the proposed offtake agreement but Panasonic again confirmed in march 13 that they will not sign sjl proposef agreement. because Panasonic still see a mirit in sjl tech, they confirmed in march 15 the sample order and from that point they will take the lead in any purchase agrrement if thete is any. From march 3 NR we alk knew that it is a test sample and there is no agreement, which means yesterday NR did not add alot, however the nigative side of this story is now investors will no longer have confidence in this company and even they will not trust any new NR regarding the new batteries. the only positive side is that after all what happened with a giant company like Panasoniv, they still interested in sjl sample which set the base for an offtake agreement in the future. i think the very first step ti restore confidence is to fire the ceo and hire a known trusted figure. regarding the market reaction to this NR i think there will be lots of swings and daytraders will make lots of money but the sp will end sub 10 cents today. i will but an order at 7 cents
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