EUR 6.38% 5.0¢ european lithium limited

Not necessarily. I’ve provided facts. Not spreading negativity....

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    Not necessarily. I’ve provided facts. Not spreading negativity. If that comes across as negative, then maybe it is indeed bad news for the company?

    1. Did the company offer 3,047,000 CRML shares for a consideration of $10mn to Empery Asset management?

    Yes, they did. The company issued 1,000,000 shares and the sponsor literally gave away 2,047,000 shares for no consideration. That implies a value of $3.28 per share.

    Tell me how and why this is my fault?

    2. Did the company also offer 1,000,000 warrants free of cost to Empery Asset Management?

    Yes, they did. These are exercisable at $10 within the next 1 year, and they get an additional 3 shares for every share they buy through exercising the options. That’s 4,000,000 for a consideration of $10,000,000. That implies a value of $2.50 per share.

    Tell me how and why this is my fault?

    3. Except this tiny little Empery guys.. How many of these so called “Funds”, “ETFs” and conglomerates invested into this IPO?

    The posters on here have been telling us for many months that “Big Money” is on the sidelines waiting for merger approval. Where are they?

    Tell me how and why this is my fault?
    Last edited by TechSpec00: 28/02/24
 
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