I still can't get over the amount of people that get annoyed with a CR for a penny stock, which is trying to bring a product to market.
Like, seriously, if that grinds ya gears, go invest in some blue chip stocks and be happy with 10% per year gains, if you lucky....
I understand there is a lot of lifestyle shells out there that take investors for a ride, but, LKE are ticking boxes, bringing a new product to market. Let management do their thing.
Novonix was the same, has taken a few years to get where they are, but the amount of haters was relentless. Bashing management, yet the company is the first to break the Asian dominated anode market with Samsung SDI contract and Sanyo should be in the bag shortly too.
They raised 60 odd million dollars back in May at 29c for a one for one offer to all share holders.
This followed with some major tech IP breakthroughs, shooting the price to $1.50, from approx 35-40c a share, while everyone applied for their full allocation of shares.
CRs are not always the devil, they keep the company from either going broke, expanding or to fund other vital aspects to keep progressing...
LKE Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
