I disagree. I think the EPA is going to be the biggest mover...

I disagree. I think the EPA is going to be the biggest mover here.

TMT has a BOA, MOU's, potential finance from the Denmark agency, proven high quality vanadium, proven ability to convert the vanadium in to a battery quality electrolyte and yet the share price isn't much higher than when it listed. Capital management has been very good here keeping the amount of shares at a reasonable level. In all ways TMT management hasn't missed a beat and has progressed this very quickly.

The only black mark on TMT so far has been years of back and forth with the EPA. We can't say why it's going back and forth but it's obviously too risky for most people.