RE:halted stock for fluff news...“No cash to move forward”.....- thanks for the laugh!
-don’t think cash will be an issue....
Read between the lines. Each release drops a few names.
"At NEO, we are working to maximize our shareholders' value through continual technical developments with our proprietary Si anode materials, potential strategic partnerships and joint development agreements, and IP portfolio expansion. In a couple of weeks, we will provide updates on the commercial viability and scalability of our Si anode materials through the pilot plant construction and design study," added Mr. Spencer Huh. South Korea is recognized as the top country in battery technology and innovation as globally leading companies such as LG Energy Solution Co., Samsung SDI, and SK Innovation Co. are operating within the country and are the global top 6 battery cell manufacturers.
Spencer Huh, President and CEO of NEO, commented, "Several variables were considered when deciding the location between South Korea and Canada. As mentioned, ease of access to the facility by management and third parties, strategic placement for scaling up production, accelerated product development, and various grounds concerning costs were the main points of deliberation. Situating NEO in a location filled with a strong network of battery players and experts is the best route to expedite our silicon (Si) anode commercialization process."