Developing Processes For The Low-Cost Manufacturing Of High Purity Silicon Metals For Next-Generation Lithium-ion Batteries

Achieved final critical milestones, completing a successful silicon pour

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Message: Plans for funds raised via recent PP

Hi Aarman4,

I can tell you that reading investors questions is always a very humbling experience...

When we write our press release, we are always 100% certain that what we are saying is 100% clear, and then we get a question that makes us realize that this was not the case... So keep up with the questions on Agoracom when you need clarification.

Some background...

When I wrote the August 12 press release, I also knew that we were finalizing the negotiation for the acquisition of PUREVAPTM nanoreactor IP for $2,4 million.  From past experience, I also knew that announcing that we were committed to doing such a large payment within 30 days would be rocket fuel for short anticipating that we would be needing to do a large PP at a substantial discount.

So the idea with the August 12 release was to signal the market that we had access to funds to pay ourselves the IP acquisition if necessary, therefore, allowing the market to focus on the fact that by December of this year, we would be in a position where we could be sending samples to key players in the industry.

That did not work out as planned, we announced the deal with Pyro on August 18, and after an initial positive market reaction, the share price was subject to massive downward trading pressure...

I strongly suspect that many predatory traders, on the wrong side of the tape, decided to attack HPQ shares price in the hope that they could create a panic in the market... For that to work, they also needed their allies on the BB to create a narrative that HPQ was getting the short end of the deal, and that was the reason why the share price loss so much value in a short time...

Well, we prove them wrong by announcing a large PP an at a very large premium to the market, and for me, the key point in that PP was the fact that two different groups agreed with my idea that an HPQ market cap of more than $150 Million was an acceptable proposition.

The answer...

So not only did we raise the $2,4 million needed to acquire the IP, but we also increase the Company working cap by another $300K, funds that we can use to speed up other R&D projects if need be.

Hope this helps...

 

Regards

 

Bernard Tourillon
President and CEO

 

 

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