So DLG pulled the pin on trialing the VSPC cathode powders because of covid? Funny.....cos the company did not announce a reason why, so you must be speculating AGAIN.
Did the 50/50 joint venture with DLG (ie Soluna) fail because of COVID as well? No, that failed because of a lack of sales. Even though LIT announced to the market they were close to cash flow positive (which they never achieved), the sales team quickly fled, and then LIT quickly turned to making statements of "Minimizing losses" when it came to Solume (ie DLG partnership)
Funny too that there has been ZERO other interest in the VSPC cathode powders. All from a VSPC pilot plant that LIT have been operating for 5 years.
Ahh well, you can now spend more $$ building yet another pilot plant to keep the story going for a few more years.
LIT Price at posting:
4.6¢ Sentiment: Sell Disclosure: Not Held
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