Ran into this on Facebook. Any comments?
I’m an analyst with a fund that invests in green technologies and I’ve come across some doozies but I have to say One World Lithium takes the cake. I knew within a few minutes that we wouldn’t be investing in this company but I researched it a little just for fun. They had a property in Mexico that they were exploring for Lithium that came up as a dud before Mexico announced that they were nationalizing Lithium Mining. Since dropping their Mexican property the only asset they have which isn’t really an asset at all is that on March 23/22 they claim to have signed a ‘non-exclusive’ research and evaluation licence with the US Department of Energy Laboratory. That basically means anyone can try and utilize the potential of the unproven technology.
You have to love this budget that they announced on Sept 2nd, $50K for testing of the unproven fluid separation technology and $400K for working capital. Yes, you read that right……lol. Promoting the stock is their goal and they haven’t even done that well. They have an astounding 280 million shares fully diluted. Wow. How does the BCSC let this stuff go on?
The first thing we check out is the people and this group that is apparently mostly over 70 years of age can’t list a single actual success story in any of their bios.
Their CEO, Doug Fulcher wasn’t able to put Maritime Resources Hammer Down project into production but notes his involvement in his bio like it was a success or something.
Tim Brock, their director/spokesperson was sanctioned by the BCSC back in 2003 for ‘wash trading’. Funny, his bio talks about trading prices of public companies that he has worked for but not a single actual success. A year ago they hired an ex-TV news guy that got fired and started a media company to do a paid interview. It is painful watching this guy struggle through the interview especially when Brock starts talking about a group that will bring some buying of their stock (ie. From $0.05 to $0.08 for a week or two……lol). In the interview he talks about Jack Lifton being an expert at separating anything from anything?
Jack Lifton is a self pro-claimed expert in ultra-purification of metals technologies but I can’t seem to find him advertising any formal education anywhere. He claims to have been the CEO of an OEM automotive supply company yet there is no mention of the actual name of the company anywhere so it obviously isn’t some success story that was bought out by Magna or something. I’m thinking maybe a local little auto parts store.
Earl Hope is their IR guy who a colleague of mine has spoken with as he seems to take their investor calls. When asking the old timer Vancouver crowd they said this guy has to be over 75 years old and still needs to go to work for a paycheque. He got kicked out of the brokerage business for underperforming back in the late nineties when anyone could succeed as a broker and has worked on nothing but a series of failed $0.05 stocks ever since. As one guy put it, every blind squirrel he’s seen over the years downtown has eventually found a nut except for Earl.