LIT bet the bank on developing their own technology. Their technology it seems is already patented (hard to tell because of the secrecy exactly what they claim). Their laboratory test run had problems which prevents them from fast tracking its development. This in turn puts them 2 years behind their schedules. So they get 4 Fs. They thought that they could take over LMax which would allow them to make a pilot plant that they could slot their Sileach technology into in the future. Apart from the initial 17.76% takeup from parties that they had leverage on, they have picked up about 0.52%. So they have 5 Fs.
LIT Price at posting:
10.5¢ Sentiment: Sell Disclosure: Not Held
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