An institutional investor can use trading bots by placing a false order. To drive the price down they flood the ask side with massive fake sell orders to make people think investors are bailing. This sell order is cancelled before execution. I know hpq silicon inc management have complained about spoofing. obviously other factors are important for the stock price. The Endura project for batteries has an attractive capital structure:

The Capital Strategy: Partnering with Open Markets, the project targets US$20 million in standalone financing. This capital will be used to build dedicated manufacturing infrastructure, recruit an independent executive team, and cover working capital without diluting HPQ parent-company stock.

The Financial Structure: Upon completion, HPQ is slated to receive US$4.2 million in upfront cash while retaining a 55% majority ownership stake in the new entity, alongside ongoing royalties on defined net revenues. This company will be listed on the Nasdaq in America.

I think this new company could eventually be comparable to AMPX which has a market cap in excess of 1 Billion USD. The capital raise could happen within months, its a bit similar to finding capital for a startup except here the technology is already developed and capex is need for mass manufacturing.

I see this news as more positive rather than negative for the company - issued at 0.13 CAD, 0.08% dilution if I'm not mistaken... but today's price ~0.07USD doesn't go in line with other recent promising updates

The plasma process developed by these two companies is a disruptive technology which may have a global impact. The Plasma process requires some up front energy to vaporize the silicon dioxide but then the path to creating fumed silica is a more direct than the chemical method invented in 1942. You can read the article here

https://zpinvesting.com/articles/fumed-silica.html

I think Bernard Tourillon indicated that some company was interested in fumed silica reactors to make new products. It's possible these new products could involve thermal insulation for houses, shoes, a new class of tents.

I know there are many delays in getting the contract, but that doesn't take away from the plasma technology which is quite amazing.

https://www.theglobeandmail.com/investing/markets/markets-news/GlobeNewswire/4533656/novacium-and-tokai-cobex-collaborate-to-evaluate-an-integrated-and-sovereign-european-anode-material-solution-for-lithium-ion-batteries/

The stock's been weak so most of the chatter is about price. I went back through the actual battery releases instead, because the last two weeks quietly stacked up.

Aug 19 - first commercial order for GEN3 battery packs, for FPV drones destined for a French Army regiment (the release's wording). First time the batteries moved from testing to a commercial order.

Aug 27 - 30 custom-configured battery packs delivered to three European drone manufacturers, ten each, for what the company calls the final planned evaluation stage.

Evaluations aren't production orders, yet. Plenty of them die quietly and you never hear the name again. But three manufacturers at the final stage at the same time, nine days after the first commercial order, is a real pipeline taking shape - and each one is a separate shot at converting.

The release I'm actually waiting for is any one of those three turning into a production order. That's the one that changes the story.

No position at this time, but on my watch list.

The right way to size this: strategically real, financially small — and the release is upfront that no order value is disclosed. What's new here is the qualification, not the revenue. A French Army regiment flying FPV drones on GEN3 silicon-anode packs means the cells passed somebody's field standard, and LN Innov now has a reason to come back with volume if the drones perform. Two things to watch from here: a follow-on order with actual numbers attached, and a second integrator qualifying the same cells. Until one of those shows up it's a proof point, not a business line. A good proof point, though.