NEO Battery Materials Ltd V.NBM

RE:Financing coming free

[rob1237]

rob1237 wrote: he Company raised $2 million in early May and had a cash balance of $872,171 as of their May 31st financials. NEO has likely raised another $1.4 million from the exercise of in-the-money ($0.30 strike) warrants that were set to expire on August 21st. There are still 17 million warrants outstanding but with an expiry date of May 2024, who knows if/when those might get exercised. In the meantime, there should be enough cash to continue operations for a couple of more months at which point in time we will see what’s next for NEO Battery Materials. They may have to go back to the market to raise some capital, or perhaps a JV with one of their NDA partners will provide some financial support

 

hence the middle of aug the stock hit .50 on massive volume over 9 mil that day lone. They are gone....