Ann: Results Confirm Superior Performing EcoGraf Battery Material, page-213

Hi Shelly, I thought I would bring the TAP density discussions back to this thread.

Re your comment in regards to whether the fact that RNU makes no mention of any improvements in TAP density in its latest study and whether one can assume this means they haven’t made improvements. I think it’s a relatively safe assumption , companies generally seem to be able to announce when they have made some improvements, eg RNU mentions it’s increased yield , so reasonably safe to say they haven’t made any significant improvements in TAP density, sure they would have let the market know at some point if they had.

Also re your comment on lack of technical information in BAM studies, yes agreed there is an absolute lack of information. Here is the section from RNU study, which basically is a warm feel good statement with absolutely no technical information. How investors are supposed to determine potential quality from this is beyond me. Like how does it perform in a battery?