What’s your big gamble? (Volume 3)
Discussion
From leaked video of last week's Wall Street Conference (17:45 mark), CTO of ABTC Ryan Melsert:
"... we needed someone to make full battery cells, to work with us in this project.
And we went to one of the inventors of the lithium ion battery itself, Stan Whittingham, who just won a nobel prize in physics last year, and we said 'will you partner with us to help make new types of batteries from our recycled materials?' And he agreed to it.
And the three of (including BASF) submitted this application last summer and will announcing the results of that application soon."
"... we needed someone to make full battery cells, to work with us in this project.
And we went to one of the inventors of the lithium ion battery itself, Stan Whittingham, who just won a nobel prize in physics last year, and we said 'will you partner with us to help make new types of batteries from our recycled materials?' And he agreed to it.
And the three of (including BASF) submitted this application last summer and will announcing the results of that application soon."
Luke. said:
Also just wanted to add, they're speaking at conferences left, right and centre, as Adam's just mentioned first round of approval for the factory has just gone ahead, their CTO is ex Tesla, COO ex Facebook and they've recently got involved with a world renowned Nobel prize winner. Doesn't sound very scammy to me. But, hey you never know. Knowing my luck it probably is. 
https://www.reddit.com/r/pennystocks/comments/n8gp...
The board of Theranos was pretty impressive...https://www.reddit.com/r/pennystocks/comments/n8gp...
Luke. said:
egomeister said:
The board of Theranos was pretty impressive...
Go on, who was on it?https://en.wikipedia.org/wiki/Theranos#Management
Bad Blood, the book about the rise and fall of Theranos/Elizabeth Holmes is well worth a read.
egomeister said:
Some info here of the about the various members over time:
https://en.wikipedia.org/wiki/Theranos#Management
Bad Blood, the book about the rise and fall of Theranos/Elizabeth Holmes is well worth a read.
Thanks. I think.https://en.wikipedia.org/wiki/Theranos#Management
Bad Blood, the book about the rise and fall of Theranos/Elizabeth Holmes is well worth a read.
Luke. said:
egomeister said:
Some info here of the about the various members over time:
https://en.wikipedia.org/wiki/Theranos#Management
Bad Blood, the book about the rise and fall of Theranos/Elizabeth Holmes is well worth a read.
Thanks. I think.https://en.wikipedia.org/wiki/Theranos#Management
Bad Blood, the book about the rise and fall of Theranos/Elizabeth Holmes is well worth a read.
For example, the Nobel battery guy could have been offered a consultancy contract to create the batteries of the future from scrap material, appealing to his desire to improve the environmental impact of EVs and the like going forward. If the company is just a promote, that's a very cheap way to buy some credibility with investors (especially if it's stock compensation so there is minimal cash cost to the company).
Do you have any links the presentations the management have been doing? I could stick one on in the background while I work this afternoon.
egomeister said:
I'm not really making any judgement on the board at ABML, my entire knowledge of the company is based on a quick flick through that article and their website over lunch. I just wanted to highlight that having a couple of "names" on the board is no guarantee of quality. It can just as easily be bought credibility.
For example, the Nobel battery guy could have been offered a consultancy contract to create the batteries of the future from scrap material, appealing to his desire to improve the environmental impact of EVs and the like going forward. If the company is just a promote, that's a very cheap way to buy some credibility with investors (especially if it's stock compensation so there is minimal cash cost to the company).
Do you have any links the presentations the management have been doing? I could stick one on in the background while I work this afternoon.
Thanks, I'd appreciate that.For example, the Nobel battery guy could have been offered a consultancy contract to create the batteries of the future from scrap material, appealing to his desire to improve the environmental impact of EVs and the like going forward. If the company is just a promote, that's a very cheap way to buy some credibility with investors (especially if it's stock compensation so there is minimal cash cost to the company).
Do you have any links the presentations the management have been doing? I could stick one on in the background while I work this afternoon.
This is the leaked presentation from the Wall Street Conference from a couple of weeks back.
https://www.youtube.com/watch?v=xWQ0QML24DU
This from just last night:
https://www.youtube.com/watch?v=QfMEMZ9N5pY
And here's the latest investor deck from March:
https://americanbatterytechnology.com/investor-dec...
Luke. said:
Thanks, I'd appreciate that.
This is the leaked presentation from the Wall Street Conference from a couple of weeks back.
https://www.youtube.com/watch?v=xWQ0QML24DU
And here's the latest investor deck from March:
https://americanbatterytechnology.com/investor-dec...
Cheers, I'll stick the video on in the background.This is the leaked presentation from the Wall Street Conference from a couple of weeks back.
https://www.youtube.com/watch?v=xWQ0QML24DU
And here's the latest investor deck from March:
https://americanbatterytechnology.com/investor-dec...
I had a look at the investor deck at lunch - I didn't really think it said much. Lots of stuff about what a big market it was but there wasn't anything meaningful about the process. It was almost "We've have a great process, look BASF think it's good! We're going to build a plant. Profit!"
egomeister said:
Cheers, I'll stick the video on in the background.
I had a look at the investor deck at lunch - I didn't really think it said much. Lots of stuff about what a big market it was but there wasn't anything meaningful about the process. It was almost "We've have a great process, look BASF think it's good! We're going to build a plant. Profit!"
I totally get your point, though not sure they can reveal anything meaningful about the process at this stage. Tell me I'm not clutching at straws? I had a look at the investor deck at lunch - I didn't really think it said much. Lots of stuff about what a big market it was but there wasn't anything meaningful about the process. It was almost "We've have a great process, look BASF think it's good! We're going to build a plant. Profit!"
Luke. said:
Adam. said:
phew - was there an official rebuttal from ABML?
They got some lawyers involved.https://www.accesswire.com/634914/American-Battery...
was proven to be a hatchet job attempting to make money from a stated short position
Luke. said:
egomeister said:
Cheers, I'll stick the video on in the background.
I had a look at the investor deck at lunch - I didn't really think it said much. Lots of stuff about what a big market it was but there wasn't anything meaningful about the process. It was almost "We've have a great process, look BASF think it's good! We're going to build a plant. Profit!"
I totally get your point, though not sure they can reveal anything meaningful about the process at this stage. Tell me I'm not clutching at straws? I had a look at the investor deck at lunch - I didn't really think it said much. Lots of stuff about what a big market it was but there wasn't anything meaningful about the process. It was almost "We've have a great process, look BASF think it's good! We're going to build a plant. Profit!"
He seemed to cover mostly the size of the market, the concept of where they fit battery lifecycle and a lot of talk about what they did at Tesla. Very light on what they were planning to do with ABML. They seem keen to talk up the link with BASF but there is little evidence that BASF are putting great importance on it (going by the bits of information I found on the BASF website - I didn't even spot a story saying ABML were the winners of the competition)
I appreciate they aren't going to present a full plant schematic, but I've found literally nothing so far. As far as I can make out they are proposing disassembling battery packs somehow, then reprocessing the parts somehow. I think we can assume that disassembling a battery will be more difficult that assembling (as they come from an uncontrolled environment, and potentially in different specs which will need to be accounted for etc, so at minimum I'd expect the plant to be at least as complex as the one to build the packs. Where is the evidence of the design and development required to support that? Is the money available for the capex needed for this?
As I said before, I've only scratched the surface of this so far, but I haven't found anything too compelling so far. I'll listen to some other videos from that channel and see what else I find.
egomeister said:
I listened to the video, but didn't really get all that much more from it. The channel seems to be quite a fan of the stock though
He seemed to cover mostly the size of the market, the concept of where they fit battery lifecycle and a lot of talk about what they did at Tesla. Very light on what they were planning to do with ABML. They seem keen to talk up the link with BASF but there is little evidence that BASF are putting great importance on it (going by the bits of information I found on the BASF website - I didn't even spot a story saying ABML were the winners of the competition)
I appreciate they aren't going to present a full plant schematic, but I've found literally nothing so far. As far as I can make out they are proposing disassembling battery packs somehow, then reprocessing the parts somehow. I think we can assume that disassembling a battery will be more difficult that assembling (as they come from an uncontrolled environment, and potentially in different specs which will need to be accounted for etc, so at minimum I'd expect the plant to be at least as complex as the one to build the packs. Where is the evidence of the design and development required to support that? Is the money available for the capex needed for this?
As I said before, I've only scratched the surface of this so far, but I haven't found anything too compelling so far. I'll listen to some other videos from that channel and see what else I find.
Thanks for taking the time to post back.He seemed to cover mostly the size of the market, the concept of where they fit battery lifecycle and a lot of talk about what they did at Tesla. Very light on what they were planning to do with ABML. They seem keen to talk up the link with BASF but there is little evidence that BASF are putting great importance on it (going by the bits of information I found on the BASF website - I didn't even spot a story saying ABML were the winners of the competition)
I appreciate they aren't going to present a full plant schematic, but I've found literally nothing so far. As far as I can make out they are proposing disassembling battery packs somehow, then reprocessing the parts somehow. I think we can assume that disassembling a battery will be more difficult that assembling (as they come from an uncontrolled environment, and potentially in different specs which will need to be accounted for etc, so at minimum I'd expect the plant to be at least as complex as the one to build the packs. Where is the evidence of the design and development required to support that? Is the money available for the capex needed for this?
As I said before, I've only scratched the surface of this so far, but I haven't found anything too compelling so far. I'll listen to some other videos from that channel and see what else I find.
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