I think we should honour the terminology. "A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of big profits." Clearly LKE is not a Ponzi scheme. You might want to call it a pump and dump scheme many have, but I think they are wrong because if lithium was still selling for $80 per kilo rather than $13 no one would have their underwear twisted apart from those who missed the boat. Or those who got off at 9 cents several years ago.
News: LKE Lake Resources cuts staff, eyes asset sales amid low lithium prices, page-71
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