$Graphjet Technology (GTI.US)$ 10Q update: To date, Grap...
$Graphjet Technology (GTI.US)$ 10Q update:
To date, Graphjet Technology has not had any sales of its products, but plans to sample its products to multinational companies within the industry for market acceptance and procurement purposes, intending to replace current high cost suppliers. Until now, the Company has funded its operations primarily with proceeds through equity investments from its current shareholders.
As the economic climate will remain challenging, Graphjet will defer the plan in opening its manufacturing plant in Kuantan district of Pahang State in Northern Malaysia and no machinery was installed and commissioned for production yet. Nevertheless, Graphjet has rented a factory located at Kampung Baru Subang district of Selangor State in Central Malaysia in July 2023, the machineries are currently under commissioning and expected to start the production in end of August 2024. The Company started to purchase raw materials at the end of July 2024 and estimated production output will gradually increase to 250 tons of graphite per month at the full capacity.
To date, Graphjet Technology has not had any sales of its products, but plans to sample its products to multinational companies within the industry for market acceptance and procurement purposes, intending to replace current high cost suppliers. Until now, the Company has funded its operations primarily with proceeds through equity investments from its current shareholders.
As the economic climate will remain challenging, Graphjet will defer the plan in opening its manufacturing plant in Kuantan district of Pahang State in Northern Malaysia and no machinery was installed and commissioned for production yet. Nevertheless, Graphjet has rented a factory located at Kampung Baru Subang district of Selangor State in Central Malaysia in July 2023, the machineries are currently under commissioning and expected to start the production in end of August 2024. The Company started to purchase raw materials at the end of July 2024 and estimated production output will gradually increase to 250 tons of graphite per month at the full capacity.
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104716483 : I started investing in Graphjet last month with purchase price of 4.24. A month later value of my holding was slashed to half. Still got hope for recovery?
103804903 104716483 : My personal feeling is that all the reviews from other companies are just making noise!
Of course, I hope this and other new energy companies will benefit the public. In the future, new energy from different companies can benefit people!
104114788 OP : Google Maps
Above is their Subang rented premises
104182877 104716483 : No hope at all. I think is only management trying to con people money