Simon Clark CEO left and American Lithium selling its sharesIt was the CEO Simon Clark that structured the $ 5,360,000 investment into NILI for 13,400,000 shares + warrants at .55 cents on June 12, 2023.
In the last year the lithium price has all but collapsed, EV car makers are withholding expansion, battery companies are on hold, and Trump threathens to end everything. In addition to plunging stock prices, American Lithium was hit with a Nasdaq de-listing + default on loans + inability to raise funds.
The CEO Simon Clark was technically FIRED, but made to look like a resignation.
Given that selling of shares seems to be never ending, it is possible that with CEO Simon Clark gone, American Lithium is selling all of their NILI shares to cash in what they can. They are probably taking a major hit by not doing it privately with another institution. They will run with the warrants whenever they are in the money.
Soon enough this big elephant will be out of the way, and NILI will then be able to recover. Who knows maybe EVOLUTION MINING is acquiring the shares slowing as American Lithium sells.
This is the only logical explanation I can think of as to why there is constant shares available for sale at dirt prices.
On the other hand, this temporary episode has created a WINDFALL for new investors to load up cheaply.
Good Luck,