Ann: LIS Completes IPO to Commercialise Li-S Battery Technology, page-76

My reasoning is that this company opens with a market cap of $1.5B without having any meaningful assets, revenue, or background. You have a handful of large and profitable companies, particularly in China, who have already been studying the same technology and other viable battery technologies for years. There's a number of new technologies that will be commercialised in due time. I mean, how can LI-S stand a comparison with well-funded innovators, such as CATL, LG Chem or Panasonic? A lot of bagholders in the making, that's for sure.