Jul. 3 at 1:08 PM
$DVLT Mark this post...there is absolutely no way this latest PR fluff comes to fruition. The companies and supposed management involved in the attached PR have never done anything but raise capital with nothing to show for it.
$DVLT will not receive one cent of revenue and those things will never, ever take place and this is not, repeat, not, a
$700M contract for Datavault AI.
IMO,
$DVLT is using a page from Ji's playbook when that PR states "arranged revolving procurement facility of up to
$20 billion"...i.e. "I have a house worth
$1.00 that I will gladly state it has a market value of
$20B" and DVLT explicitly qualifies this by stating it is:
- illustrative capacity
- subject to financing availability
- subject to definitive agreements
- not a guaranteed funding commitment
There is no
$20B capital investment.
IMO, it is unconscionable the lengths these people will go to take your money. My prediction...it will never happen as described. Happy 250th America!
https://ir.datavaultsite.com/news-events/press-releases/detail/470/datavault-ai-and-patriot-strategic-metals-licenses-and-establishes-initial-purchasing-fund-of-up-to-700m-for-datavault-ai-technology
