공시 • Oct 23
Ammpower Corp. Announces Resignation of Rene Bharti as President Ammpower Corp. announced that Mr. Rene Bharti has resigned as President effective October 21 2024. Mr. Bharti will focus on his role as VP Business Development of a publicly traded lithium company based in Val-D'or Quebec, Canada. 공시 • Jan 30
AmmPower Corp. announced that it has received $0.065 million in funding AmmPower Corp. announced a private placement to issue 8% convertible promissory note for the gross proceeds of $65,000 on January 29, 2024. The transaction included participation from individual investor Benninger. The note bears 8% interest rate and will mature on from July 23, 2024. The notes are convertible into common shares. The note is subject to Canadian Securities Exchange. The transaction has been approved by the directors of the company. Recent Insider Transactions • Oct 15
Key Executive recently sold €69k worth of stock On the 12th of October, Rene Bharti sold around 1m shares on-market at roughly €0.058 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rene has been a net seller over the last 12 months, reducing personal holdings by €267k. New Risk • Oct 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.25m (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.9m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-CA$1.7m). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€9.25m market cap, or US$9.82m). New Risk • Sep 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.9m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Negative equity (-CA$1.7m). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€11.0m market cap, or US$11.7m). 공시 • Jun 17
AmmPower Corp. Announces the Resignation of Rene Bharti from the Board of Directors AmmPower Corp. announced that Rene Bharti has tendered his resignation from the AmmPower Board of Directors effective May 18, 2023. However, Mr. Bharti will continue on as President and an officer of the company. Recent Insider Transactions • Mar 25
Key Executive recently sold €138k worth of stock On the 23rd of March, Rene Bharti sold around 856k shares on-market at roughly €0.16 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rene has been a net seller over the last 12 months, reducing personal holdings by €252k. Recent Insider Transactions • Mar 08
Key Executive recently sold €60k worth of stock On the 6th of March, Rene Bharti sold around 283k shares on-market at roughly €0.21 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rene has been a net seller over the last 12 months, reducing personal holdings by €114k. Board Change • Nov 17
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Executive Chairman Gary Benninger is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Sep 22
Key Executive recently sold €75k worth of stock On the 15th of September, Rene Bharti sold around 259k shares on-market at roughly €0.29 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rene has been a net seller over the last 12 months, reducing personal holdings by €54k. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Senior Advisor & Chairman of Advisory Board Paul Mascarenas was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Art Brown was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.