re: American Battery Technology a battery recycling play(ABML)

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man...sorry but thats brutal.
why would you sell 7000 shares on a .02 dip?

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I convinced myself it was a P & D and just wanted to get out. I like to be a long term shareholder in my holdings.

They filed a S-1 this morning detailing intentions to sell 50 million shares. Revenue is expected to be $10 million with the sale. There is considerable detail in the S-1, but it seems to indicate they are using it for future salaries and project work.

Could this also be a driver? It seemed to dip about the time of the filing, but climbed up later in the day.

Trying to "read the tea leaves" with this. Does it mean they are more long term focused than we initially thought? Or am I just being to hopeful/optimistic?

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AMENDMENT TO PURCHASE AGREEMENT



THIS AMENDMENT TO PURCHASE AGREEMENT (this “Amendment”) is made effective as of December 18, 2020 (the “Effective Date”), and is entered into by and between TYSADCO PARTNERS, LLC, a Delaware limited liability company (“Investor”), and AMERICAN BATTERY METALS CORPORATION, a Nevada corporation (the “Company”) For purposes of this Amendment, Investor and the Company may be referred to individually as a “Party,” and collectively as the “Parties.” Capitalized terms used in this Amendment without definition shall have the meanings given to them in the Purchase Agreement (defined below).


RECITALS


A.On October 23, 2020, the Parties entered into an Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company has agreed to issue and sell to Investor an indeterminate number of shares of common shares of the Company in exchange for Investor’ commitment to invest up to an aggregate of $10,000,000 over a 24-month term commencing from the effectiveness of a valid registration statement registering such common shares which was required to be filed pursuant to a Registration Rights Agreement (the “Registration Rights Agreement”, and, together with the Purchase Agreement, the “Agreements”) also dated October 23, 2020.



B.The Parties would like to amend the Purchase Agreement to increase the amount of a Request that the Company may make under the Purchase Agreement.

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looks like an amendment from an older filing agreed on September 28 on December 18th. It was at .40 (the 18) then. Maybe they didn't think it would shoot up so they are amending it now ?

They had a hit piece on it from seeking alpha. The author of it has a what appears to be a conflict of interest since his profile states

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Tim Worstall is a wholesaler of rare earth metals and one of the global experts in the metal scandium.

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I believe this wouldn't be good for his business ?

Up 17% this morning.

What's going on in here

Don't be surprised if this stock is trading around 20$ in a year or two.

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That's the first I have heard a number that high, can you say why you think that?

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Lol, I've heard 50$. I don't think it gets that high though. They will have a huge part of the lithium battery recycle market once they are up and running. It is presently all hype surrounding this company. Then wilth all the ties to tesla and etc. The CEO is crazy smart, and I think will probably take over that entire market. With good ERs after they get up and running, the hype alone will push it to that point.

All my opinion obviously. And this is not a DD post, more of an overall opinion.

The stock is taking it on the chin today.

First post on Dec. 1 at $0.24. Now it is sitting at 1.47. I missed that rocket sled, but it sure looked sweet.