@wingedwarriorThank you for your kind words. You said "incredible knowledge of the lithium/battery industry hasn't yet earned him a seat on the LTR board"
I was working full time for making research and analysis for LTR (lithium, battery and EV sectors) in last 4 years.
Look.., they are smart people. I am working full time voluntarily free of charge for them here. If I was in the board or being a LTR employee I wouldn't be able to talk here. I am a free man. So I'm more useful for them here and pay nothing to me. So they would never get me to board or even employ in LTR. They are not stupid.
The bad part for me about working full time is; I lost 500k of my LTR shares in last 4 years. I bought 1,25m shares at the beginning but I had to sell my LTR shares every month a little bit because I had to pay for my living expenses. Because no one was paying to me I had to pay myself. Especially during Covid times 2020 it was terrible. The sp stayed there very long time. Because the stock was 10c and I had to sell 30k shares every month ($3k pm) for paying my expenses. I was still working hard. The LTR employees was being paid by shares at that time. (Because I was pensioner from my SMSF I have no relation with gov. payments either)
Anyway it was my problem. However they showed me respect and accepted my meeting requests 2 times on Oct 2019 and Feb. 2020 because they were also following HC at those times. LTR was not that big. Then LTR sp started rising and apparently they were working hard and forgot about HC until ALB offer.
They now saw that HC is very important because LTR's retail holder base is around 50% and most people read HC. (I know mast brokers also follows HC). I felt a little bit underestimation of our HC talks by them which I didn't enjoy at all . I warned indeed.
Yes HC s very important. We even here talk things they even may not be aware of. They should read what we are talking here. We are doing quite good job here.
Because the management only holds 20% of the company, it is danger that if people here decides to go after ALB and its associates, they can easily lose the control over the company. ALB doesn't not need to take over LTR, they can take the control of the board by acquiring 20% in shares plus 31% of the shareholders and then they can do whatever they like. They can dilute the current board controlled shares and us by making all CR to their own associates. And then they can sell the company to ALB (takeover). Its not an uncommon process. I saw many examples of that. I already wrote about that fact here, and also I warned them about that fact as well (in case they might not be aware of that that risk).
As you can see I have been always on my own, not after any board seat either. I was after money, a well deserved money though. I got enough now and I have better things to do than sitting on a boring board seat
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(20min delay)