AQUA METALS WKN: A14X9L ISIN: US03837J1016 Forum: Aktien Thema: Hauptdiskussion

Battery recycler Aqua Metals is running out of cash and does not have enough capital to sustain operations for at least the next 12 months. In its third quarter report, issued on 14 November, it said: “We will need additional financing to execute our business plan and fund operations, which additional financing may not be available on reasonable terms or at all.” It said it expectats to incur significant losses for the foreseeable future, and with its current working capital deficit, it will need to raise additional capital to fund its operations. Its access to such resources is not assured, it said. As of 30 September 2024, the company had total assets of $28.5 million. Cash and cash equivalents totalled around $3.0 million, while liabilities were at $7.1 million with a working capital deficit of $2.9 million. It is not yet generating revenue. The current liabilities of $7.1 million include a note payable with Summit Investment Services for approximately $3 million – due on 1 February 2025. The management believes there is “substantial doubt” regarding the company’s ability to continue operating as a going concern. The report of Aqua Metals’ independent registered public accounting firm for the year ended 31 December 2023 stated the same. The firm intends to acquire the necessary capital though debt financing or the sale of equity. Funding that includes the sale of equity may be dilutive, it said. “If such funding is not available on satisfactory terms, we may be unable to further pursue our business plan and we may be unable to continue operations, in which case you may lose your entire investment,” it stated. It said the current focus is building and operating a lithium battery recycling facility, utilising electricity to recycle instead of intensive chemical processes, fossil fuels or high-temperature furnaces. It has previously been involved in lead battery recycling. It is pursuing potential partnerships and/or joint ventures and licensing agreements for its Li AquaRefining technology. Photo: CEO Steve Cotton believes the Company does not have sufficient capital for next 12 months. Aqua Metals

Wie meinst es mit Verarschung ?

Danke für die Antwort Schneetrade. Dann hoffen wir mal das es mot dem 18.11 klappt. Was bedeutet die Abkürzung KE ?