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Bullboard - Stock Discussion Forum Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It... see more

TSXV:ELBM - Post Discussion

Electra Battery Materials Corp > 4 for 1 Reverse.
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Post by dothemathpeople on Dec 23, 2024 8:42am

4 for 1 Reverse.

The bending of shareholders continues;
Following receipt of shareholder approval, the company's board of directors has concluded that the reverse split of the issued and outstanding common shares of the company is in the best interests of the shareholders. The company is proceeding with the reverse split on the basis of four prereverse split common shares to one postreverse split common share.

And so does the screw job. No lube.  Look out below.
Comment by Starkicker on Dec 23, 2024 12:07pm
The gall of this managemwnt group is unbelievable. In the last release they make it sound like they've accomplished everything. They haven't accomplished anything but patting themselves on the back. This latest RS is a disaster for lomgtime shateholders. I hope Santa fills their stockings with coal and drinks all their beer.
Comment by rmbaird on Dec 24, 2024 3:27pm
100 % agree. My portfolio dropped $10 grand after the last rs. Likely going to zero!
 
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Comment by 1930modelA on Dec 29, 2024 7:11pm
Unless management starts doing their job - get refinery operating - a 4/1 will not be enough to stay on the exchange because stock price fall again - 17/1 wasn't enough last time.  Also, management should get NO stock options -more dilution- until they TiMELY and on budget get refinery running.  So far they have failed the stockholders and should be replaced.
 
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Comment by Starkicker on Dec 30, 2024 9:58am
This company is so brutal.  Holds a vote for a reverse split during a postal stike so shareholders never received a control number to vote, approves the RS and announces during the holidays it will take effect Dec 31.  Then they claim the RS will attract more investors... how'd that go the first time??? This management group makes me want to puke.
 
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Comment by rmbaird on Dec 30, 2024 10:20am
Totally agree. First split I lost 8 grand. Now down to a lousy 500 shares. Going to need to get to 20 bucks to just break even.  I am not confident!!
 
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Comment by Starkicker on Dec 30, 2024 11:34am
This post has been removed in accordance with Community Policy
Comment by Starkicker on Dec 30, 2024 10:14pm
I'm in the same boat. With market cap at $45M this is going to land at just over $3/share after the RS. $20 looks a long way off, but with just $14,250,000 shares out this will be able to move up quickly, especially when the $250M dollar refinery is finished and up and running. I'm just worried about how they plan to raise money to finish it.
Comment by Silverad0 on Jan 02, 2025 11:12am
If they EVER get this thing producing materials it will be a cold day in hell.  What a bunch of self serving SOB's intent on fleecing the shareholder to the very last breath.  The only people to break even in this one are the B.O.D.'s.  
 
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Comment by throwaway11 on Jan 06, 2025 2:59pm
Sure sounds to me like lawsuit material.
 
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