From my observations since becoming involved as a shareholder,...

From my observations since becoming involved as a shareholder, the story presented has failed at every turn.

No customers.
Selling off IP.
Director resignation.
ASX asking how they can keep trading.
Low cash.
No revenue.
Slashing spend
Ridiculous customer contract conditions
Complete disconnect between the theory and practical application
Ill equipped personnel with UTR to understand the technical implications within the battery market.


Its now full survival mode to keep the company listed and find somebody to through them a lifeline.

Current shareholders will now be totally shafted with this new "acquisition" announcement imo

It will be along the lines that there is no alternative for the company to remain operating. A series of ridiculous conditions and pie the sky predictions will be associated with the announcement. Hoping to raise market interest giving him an opportunity to get access to a CR.

As I see it, this company was originally set up to make money on a theory from a University that was totally unproven in practical market application.

The research by all of them involved was diabolical. All of the so called customer deals were set up with absurd conditions providing breathing space for the so called Ultra Charge executives in the hope it would work.

Kobi is interested in one thing - his survival.

He has been paid hundreds of thousands of dollars to create a non functioning ASX listed company on its knees - we have lost hundreds of thousands of dollars as shareholders.

and this is his legacy as an "entrepreneur"

imo.