Ann: Strategic Investment and Offtake Agreement with SK On, page-127

Unfortunately IMO LKE is taking retail investors for a ride. If lake were confident in the Lilac DLE why would they agree to dilute the company for 10% @ $1.2 per share and 10% @ 1.00(ish) per share given they are so close to the demo plant being proven? The terms of the buy for SK & WMC are at a price that is rock bottom given the whole project would be completely de-risked if all conditions are met. I feel that if Lake we’re confident in the Lillac DLE process they would have waited until the results were back from the Kachi plant and would have been able to negotiate a fairer buy in price for SK & WMC. I would speculate these agreements are a defib to try and prolong the stock price before unfavourable results from the demo plant come. I dumped all my LKE shares today because I have lost faith. All the best to you all, I was hoping this was going to be the next short squeeze