I’ve attempted to get my head around the situation with ABAT over the past couple of days and I remain perplexed. The optics between the loss of their grant (and how the disclosure was managed) as well as the recent warrant execution / share sale has me worried. I’m particularly concerned about how the former could impact discussions they may have for more substantial government support. And though compatibility with DOE NOFO earmarking is strong and the EXIM letter of interest issued not too long ago, there is no guarantee that either of those will land, especially if management can’t get it together. Without understanding exactly what happened with the grant termination, it’s hard to know.

I decided to close this one at the end of the day yesterday. With my cost basis being low and my trust somewhat undermined pending further information, it was easier for me to justify. I’m going to keep my eyes on this as more information trickles.

Whether or not it recovers in the short term or not, I really have no good prediction! Much love-