RE:Pay Attention! I sense a serious 'short squeeze being set up1student, i agree with your reasoning that IF the prototype Voltaxplore battery is as good as we think, measured as power density, fast charging and or better winter performance and durability, then i do not understand why they did not wait a couple of months and announce a major partnership with a large OEM, either in cars, buses or batteries. The amount raised and price would have been much better.....
To do such a financing now is:
1. To please a current or desired institutionnal investor who clearly indicated he wanted a low entry price;
2. To pay for a large acquisition mostly in cash;
3. To announce the FID very short term for a major new graphene plant in the States;
4. They do not have the desired resutls at the moment with the graphene battery and want to raise money NOW instead of waiting after battery day in a couple of months......
So, i am glad i sold 75% of my position between 6$ and 8$, because i do not like the price of that bought deal and the timing. I might be totally wrong, but we will soon know.
As for the long term, i am still quite bullish as long as VoltaXplore gets the go ahead.