LWP Technologies announced a similar battery technology and claimed to have done due diligence on the project not once, but twice yet were unable to uncover what shareholders did - that is was a scam and there was no battery technology.
These days, you just can’t take ASX announcements at face value. They need to release more info on the team of scientists involved.
Would a technology potentially worth hundreds of millions of dollars really end up in an ASX spec company for the total sum of $1.5million?
Ann: Hipo to Earn-In to Advanced Battery Technology Business, page-31
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