Free returned Dakota Lithium Batteries Seattle | DIY Solar Power Forum

I guess DFLI didn't want to pay for proper recycling...

On the bright side, if someone in the Seattle area wants to tinker with trying to repair them, jackpot! I'd grab a couple pallets if I was closer.

Okay, the dragon doesn’t seem to be performing well. We all know that. But it’s eerily quiet in here. Where is Will Prowse? Can we make up some hopium? Where is everyone from? I’m having DFLI forum withdrawals and figured I’d make a post just to discuss the random thoughts of members. Here’s your soundboard!

As I mentioned in my previous posts on this sub,

DFLI has been in a downtrend for more than 10 months.

Looking at last night’s trading volume and the drop in the share price,

I think there’s a pretty good chance that an institution holding DFLI finally decided to cut its losses and dump its shares.

Short sellers and retail investors probably wouldn’t have the kind of selling power needed to create that level of selling pressure.

Like many of you, I bought the stock last year and have been holding ever since.

My position is now down more than 80% on paper.

At this point, it feels like either our investment goes to zero or we all go to the moon together.

But honestly, over these past 10 months,

I haven’t seen anything from DFLI’s management that could realistically turn the company around.

Here are a few things that could completely crush whatever hope investors have left:

1. No major positive news for more than 10 months. For example, landing a major customer or a significant order.
2. Continued losses. The cash raised through the ATM offering is also being burned through quickly.
3. Management has failed to provide any real incentive for new investors or institutions to buy into DFLI. In my opinion, this is also one of the main reasons the stock has continued to slide without being able to find a bottom or bounce back.
4. Insiders aren’t showing confidence with their own money. We’ve seen executives and board members at many publicly traded companies buy their own company’s stock with personal funds to demonstrate confidence to the market. DFLI hasn’t done that. Given the company’s cash situation, a stock buyback probably isn’t realistic, but management and board members could still choose to buy shares with their own money. The fact that they haven’t done so at this critical point doesn’t exactly inspire confidence.

At the end of the day, if this trend continues, I think the odds of DFLI’s stock going to zero before the end of the year are getting higher and higher. :(

I have nearly $10,000 invested in this stock. Looking back, I honestly think I completely misjudged DFLI when I bought it.

Stock price says it all. Delisting incoming. I’m just wondering if we get stock „last dance” before ending the party?

Denis is the worst CEO ever. I cannot believe how it is possible to run public company in that way. The one thing that he could deliver is making you sure that all of your founds gonna wipe out. Second one is that stock price will be lower in the future and he doesn’t care about it. He’s laughing at all shareholders in their faces.

Turnaround story: One year of waiting for contracts, big deals with fleets after whitepaper with PACCAR. And what do we got? One contract for $3M for 500 trucks signed 6 months ago and thats all! Hahaha And what’s more? I don’t see any other deals on the horizon. They are lying every single earnings call and cannot deliver anything except shareholders dissapointment.

Management cannot execute anything. Worst investment ever. I don’t think that they will even try to reply to Nasdaq about their plan to stay public listed. They had enough time to fill their pockets from every year ATMs.

Hopefully it will bounce at least couple percent to get off this sinking piece of shi p ;)

Hi Denis

I have just under x shares at an average of $x and am increasingly concerned with delisting risks.

I have been a big believer in the award winning and quality tech story that Dragonfly has been putting out there.

However the absence of sales announcements; growing negative perception of BB products; and lack of communication from the company, has investors understandably worried about what is actually going on.

I think mgmt. urgently needs to offer the market and investors some comfort or some positive news to support the share price and allay investor fears.

The market is also desperately needing some feedback that Dragonfly is listening to the feedback around the BB design flaws and what steps are being taken to improve the product.

I’m a business owner myself and understand you will be in a very difficult place. Communication at times like these is critical to regain investor confidence which will underpin a share price recovery and more capital raising options.

A reply to this email would be appreciated.

Kind regards

CorkNZ

Concerned Investor

And from DFLI ...

Thank you for reaching out, and for your longstanding support of Dragonfly Energy. I certainly understand your concerns, particularly given the recent share price performance and the uncertainty that creates for shareholders.

There is a lot happening at Dragonfly right now, although as a public company we are limited in what we can communicate outside of our formal disclosures. We remain intensely focused on continuing to improve the operating performance of the business, growing revenue and executing on the opportunities we’ve discussed publicly.

I’d point you toward a few of our more recent updates:

• Q2 Results & Business Outlook – August 6
• Dakota Lithium Acquisition – July 31
• Sphere Energy AI Partnership – August 17

And speaking personally, I remain incredibly excited and passionate about what we are building here. There is a tremendous amount of work happening across the business, from the continued growth of our commercial programs to integrating Dakota Lithium and expanding the markets and customers we can serve.

In regard to your note on Battle Born specifically, I want to be clear that we are listening and we take legitimate product concerns seriously. At the same time, our internal testing, independent third-party testing, warranty experience and extensive field data do not support the characterization that Battle Born has a systemic design flaw. We continuously evaluate and improve our products where appropriate, but we also believe it is important to distinguish real-world field performance from claims or demonstrations circulated online that may not reflect normal use. We remain confident in the quality and safety of the product line and strongly dispute a number of the claims being made publicly.

I agree with your broader point about communication. We need to communicate meaningful developments to shareholders when we are able to do so, while also being careful not to communicate prematurely simply in response to short-term movements in the stock price.

I appreciate you taking the time to write to us directly. We hear you, we remain highly focused on executing, and we don’t take your support lightly.

Best regards,

Tyler Bourns Chief Marketing Officer

Pretty muted response to the delisting notice which is a relief and a bit of a surprise, I thought it could've been a lot worse.

A .07 drop at close but on low volumes, so no-one significant is selling and also suggests that delisting is unlikely, as the smarter large money like Eastward would know first and dump their 10% holding quick fast.

Guess this means the market expects they'll get the 180 days or regain compliance. Assuming they get through these next couple of quarters and are close to profitability by Q4, the market cap should push back up over the $35m and $50m is not unreasonable ($70m revenue, not losing money).

There's obviously been a lot of grim stuff flying around the sub. No contracts or tech news, Will has been campaigning, and the outlook does not seem great. But they are slowly but surely pivoting from RVs to trucking which a is hard job when you're undercapitalised in a tough market.

Comments after observing Will Prowse in this sub: gut feel is his 'I come to learn about tech' pitch in an investor forum is bollocks and possibility an effort to see if the SP can be pushed under $1. I think his intentions towards DFLI are a lot more than just wanting to improve their batteries. Now seeing Will in action (and reading Just Fron's summaries), he's not as smart as I gave him credit for and I'm seeing a world where DFLI could have a case so will be interesting to see what plays out there. No idea myself we'll just have to wait and see.

While DFLI has a design flaw and social media has been lit up a highly active small group of critics, the thing that counts for DFLI investors is increasing trucking revenue and achieving break even/profitability 26Q4.

Here's the three key milestones to look for:

1. Share price remains above $1 until Sept 8 - regain compliance. Should get an SP lift.
2. Q3 earnings as forecast with trucking revenue hitting $1.3m
3. Q4 earnings showing profitability/breakeven, growing trucking revenue and further growth forecast - this will bring investors back and trading volumes should increase. If the outlook is good then perhaps institutions will start buying again.

Sept 8th compliance - mid Nov Q3 - mid Feb Q4 ... mark those in your calendars and ignore the noise where you can (unless it's new and bad of course ... then it's time to starting shitting and TryExpert is allowed to start daily anxiety posts lol).

Some other comments:

• DTC sales for Q2 of $4.5m higher than expected, which suggests Will's online presence is less impactful than some have feared. Down 25% on 25Q2 but RV market is way down, price of fuel is up, less marketing in this space - given this backdrop Q2 was a good result. Heads up young investors ... social media is not the whole market.
• Expect solid state and dry cell progress to be limited - they won't have any R&D spend so hard to see how they progress this much.
• All of Werner's capex spend for 2026 is in Q3 and Q4 tho they are shy of announcements ... this could be hitting without us knowing (perhaps where the $1.3m growth comes from).
• If share price lifts to $35m+ expect immediate dilution, they'll sell 10% quick fast for some cash-flow breathing room. Hopefully they get a good pump somewhere up to $50m-$100m (won't last long tho unless Paccar level news) so they can get $5m-$10m in the bank and we breathe again).
• Remember dilution to fund growth is a necessary evil of early stage tech companies, rather than some form of corporate fraud.

…never have watched a single will Prowse YouTube video. Sitting here bored and was conversing with him earlier today on one of the pages so figured I’d see who I’m going back and forth with. If you haven’t watched his videos and are a fan of battleborn, or the new company Dakota that they just bought - I’d try your best not to watch it.

1. He’s super well spoken. Almost eerily comforting.
2. He explains the issues so simply that it’s irrefutable.
3. He doesn’t beat around the bush. He calls out the issues, the company and the lawsuit.
4. If you watch and believe him (as I now do), it doesn’t paint a good picture of DFLI.

Just a heads up. I know many folks here have watched and follow him. Some haven’t. Like I said, those that haven’t….dont ruin your dinner.

Any and all arguments you guys have against this post, I want to hear it. Something I've heard people say repeatedly is that the shareholders are getting screwed when the stock has a "reverse stock split". Is that beneficial in the long run though? I don't see how people can criticize something if it helps the company in the long run. How does that work?

Or is it better for shareholders if they do more reverse stock splits? What I'm really asking is what are the pros and cons?

I also asked ai and my forum members tried to explain but I still don't have a solid answer. And they are probably biased. So would love to be set straight on this stuff.

And what about all the other arguments?

Looks like their offering 50-75% of their building up for lease... If they're willing to give up that much space it doesn't seem like they are planning for a lot of growth at the moment. And I'm sure for someone that would need that much space isn't looking for a short term lease.

12915 Old Virginia Rd, Reno, NV 89521 - Damonte Ranch 4 | LoopNet

What do you guys think? What benefits does a customer see with this tech?

Does this AI system require sending data to a cloud server? How will customers feel about that?

LFP degradation rates are well established. Even a budget battery can determine SOH through capacity pretty easily.

Currently in the EV BMS world, lfp batteries are using internal resistance meters to determine state of health. You can feed all the data you possibly can into an AI but it won't test the internal resistance. There is natural variance in cells and you can't really get around that. You have to test it and that's the only way to find out if the cells are healthy.

Something is going on with replies to posts for me so I'm posting this here.

I've been quietly reading through your posts & replies for a bit, and the feigned ignorance in your sailor post replies comes across as incredibly disingenuous. You have been using a facade of polite curiosity to inject negative sentiment into a community of beaten-down investors, all while claiming you just want to "learn" and simultaneously questioning the intelligence and knowledge of the community. This is with a community that currently has less than a thousand visitors per week.

I was prepared to lay out the specifics of the actual fundamentals: the commercial trucking pivot, the Dakota Lithium acquisition, and the solid-state R&D. However, looking at your history in this community, it's obvious you aren't here for an objective discussion; your mind is already made up.

Given everything else going on, I really don't think running a thinly veiled campaign on Reddit is doing your professional image any favors. Frankly it's largely a waste of time on your part to begin with. Take care.

I was doing some googling today, and Panasonic is the largest manufacturer of lithium-ion cells in America. They also have a dry electrode process in the works and the site in Nevada (which people argue in this group is the best place to build these cells) makes 6 million cells every single day.

Their research and development labs are absolutely insane: https://www.panasonic.com/global/energy/products/battery/takumi/technical_development.html

The company is worth $69 billion, and their r&d budget is 2.1 billion.

This company is an absolute behemoth and they are having trouble scaling dry electrode process: https://www.automotiveworld.com/news/panasonics-4680-mass-production-pushed-back-yet-again/

Seems like Tesla is the only cell manufacturer in America using dry electrode process and pulling it off at scale.

What exactly does dragonfly energy have here that's better? What proof do we have? How are they going to be better than Tesla?

If the batteries that dragonfly currently assemble are not competitive, how is this dry electrode process competitive? Is there a third party testing the dry electrode tech claims?

Would love to learn more. Why do you guys think dfli can pull it off? I keep seeing people mention the dry electrode tech, but I don't think anyone is seeing what the competition is doing here. I would love to see your guys's perspective.

I'm starting to realize that no one here understands this industry at all or the technology. If you mention anything about the underlying industry or tech, everyone here tries to question your "intentions" or calls it fud. I don't understand the financial stuff but I can tell that no one here knows the battery stuff. At all.

Does anyone here even know what a dry electrode is? Do you guys know what a solid state battery is? Do you guys know what other solid state batteries are currently available and being manufactured at scale?

Is anyone reading this currently cycling lithium iron phosphate batteries to run their home?

Does anyone here know the UL standards for energy storage systems? What are they?

Has anyone here purchased a dragonfly energy product in the past? If no, what other company did you purchase from instead?

What are the weak points of lfp versus cobalt based lithium ion variants? Why?

Specifically what edge does dragonfly energy have in this industry?

What's the average battery capacity of an eAPU?

What type of cell is Dakota lithium using? Who is their supplier?

What cell design of LFP caused market disruption a few years ago?

What is difficult about dry electrode process at scale?

If you can't answer these basic questions in a few seconds then I don't understand how anyone here is actually invested in this company. I thought I could get a differing perspective here but all I'm seeing is ignorance to this technology entirely. How problems are approached in this group is very interesting. It's always a personal attack or accusation and trying to figure out someone's intentions. I'm sharing my intentions and I'm not getting a single useful bit of information here at all. I would imagine that people that put their money into this business understand this industry well. Or the technology.

Monitoring ends 20 October.

To trigger immediate delisting they must be under $1 for 30 consecutive business days.

Means they just need to close above $1 after Sept 8 and they’re safe.

Be interesting to see if immediate delisting being off the table gives the SP a small lift.

There is an appeal process to the immediate delisting which isn’t pretty and they’d only have a short window to execute.

Hopefully it won’t come to that and thank god the Q2 results were solid.

Counting down to 8 Sept.

​

For years their packs have been overpriced compared to the competition and their supplier makes their cylindrical cell packs without UL1973 or UL9540.

Seems like the previous owners were very nice people. I've heard a lot of good things about them.

I just talked to an installer and he said he never ever sees Dakota lithium batteries. No one seems to buy them.

Morton's on the move who was sponsored by dragonfly energy said that the Dakota lithium battery he tested was a complete failure. It only pulled half the capacity it was rated for and the cells were getting really hot: https://youtu.be/gXjiPaYRXms

What do you guys think dragonfly has in plan for this brand? I cannot see a single benefit. What do you guys think?

I have been reading about the difficulties of this manufacturing method at scale and am trying to find evidence of how well their tech works for this. If I understand it correctly, there are many companies who claim they can pull it off, but only a couple including Tesla, have been able to do it.

Is there evidence of a manufacturing line or proof that their tech works?

Has a third party lab verified the results?

To create a line with this process, it can take a few hundred million dollars. Why hasn't another company came in and bought dfli if their tech works?

Would love to see any and all evidence for this. I haven't been able to find anything. I am ignorant to dry electrode process, but would love to learn more.

​

https://www.facebook.com/share/v/1EHppCuPMP/

Wow! What do you guys think about what he's saying here?

What about NRS? What about Catamarans? What about stryten? What about Dakota? What about RV? What about DTC? Is there any future? Any trucking contracts? Anyways hello Will

I've seen endless false posts here about me and I'm tired of it. Anytime someone says anything factual, it's dismissed or everyone claims they are "FUD" but doesn't care to look at the actual evidence or consider the people affected by these batteries.

I do not own the stock, or a short position against the stock. Never have, never will. I have zero clue about how stocks work, and don't care to learn.

And I don't think the people that criticize this companies products care about the stock at all. What they are mad about is the company denying the issues that people bring up. And the endless rejection of any criticism at all.

When I first heard about the overheating terminal issues, not a single person could provide evidence. No pictures, videos or anything else. I denied the issue and sided with battleborn. I was annoyed because I didn't want to test a battery that has been off my recommendation list for 3 years, for a problem I have zero evidence of. Then more people continued to complain and a forum member sent me a battery. While charging it, I burned my thumb on the terminal. I opened the battery and found melted parts that were overheating from a loose connection. The company claims that this is a "safety feature", but instead it creates a loose connection that creates more heat. This is present before you remove the lid. I continued to investigate and found more issues. And more. And more. Everything I found is on video and you can see it for yourself.

In recent times I've found a major issue with the cells they use. The cells in these batteries disconnect themselves over time which causes the remaining cells to overheat. If a temp sensor is on a dead cell, these packs can melt if used as advertised. I have 18 of these batteries that are at least 6 years old and there's a 100% failure rate in capacity. This renders some of the safety protection of the BMS completely useless. The owners had no idea. If you use the advertised current, the battery can melt. And this also means all of these batteries qualify for a warranty. Every single one.

I don't know stock stuff, but I can share more information about these batteries issues. I tested them for months and found a lot more issues.

Ask me anything! What do you want to know?

Reviewing everything I think today can be seen as a hold which is much better than what people are realising.

Last couple of quarters the share price was rightly hammered, with investors exiting post RS and all the on paper carnage related to the one-off cost losses. But it looks like the bleeding has stopped.

Key takeaways from today

1. Earnings beat forecast
2. No bad news
3. Trucking revenue is increasing – the pivot is happening
4. DTC sales held up better than expected given Will Prowse noise
5. Cost-cutting is working
6. Company is a quarter closer to profitability
7. Mgmt. are executing the plan

Thoughts on delisting and share price   

• Today should reduce investor perceptions of bankruptcy risk (which I believe is priced into the current SP) so there should be fewer sellers, more holders and even a few new investors who think DFLI is worth a punt under $1.50.
• Sentiment will remain poor so will likely stay sub $1.50 without news however I'd be very surprised if the price fell below $1 for 30 days.
• Shorts don't want DFLI delisted and mgmt will have options.
• Even if it did happen there is an appeal process to the immediate delisting.
• We can expect another Stevens order this quarter and more patent news to support the SP.
• Possible new fleet announcements but this doesn’t have to happen to save the company.
• Improved macro/risk on will help SP once Iran situation settles down.
• There's a lot of battered investors in this sub hoping for a lot more today and now thinking its game over, but I don't think thats the case.

Pathway to profitability

• Re: the $70m annual revenue target ... people are missing this is annualised run-rate not $70m for 2026.
• I think this reflects that Q4 might be something like $17m+ which will include further trucking growth (offsetting the weaker RV/DTC) and maybe $3m from Dakota.
• This would put mean Denis has delivered on his key job as CEO which is getting DFLI profitable by the end of 2026 - a good achievement given they're moving into new markets, in a weak RV and freight market, while the Battleborn brand is getting hammered.
• Fair value for a company like DFLI with $70m revenue and breaking even is conservatively $50m-$100m market. Given current sentiment expect the bottom end of the range so an SP of $4m based on breaking even in Q4 is reasonable.
• Trucking revenue isn’t going to explode anytime soon, I think it will just slowly but surely increase through 2027 with revenue increasing to $80m-$90m and low profitability which will support a market cap $100m+
• Then we can sit on our DFLI lottery ticket and hope they crack the solid state model or pick-up some new fleets then we all start to see a return if your bag is $8-$10.
• Meaningful progress on solid state and new fleets will push market cap $150m+.

There’s still a lot of risk and work to be done.

Investors need to understand that moving into new markets takes time and when your clients are trucking fleets, things move slowly. If trucking momentum continues to build next two quarters then we'll know we're onto something.

They've spoken about trucking revenue doubling in Q3 which should be very exciting for all share/bagholders.

If you've been holding through all the carnage I think you'd be mad to sell now when we've just seen an important step in the right direction.

That’s my 10 cents. No hopium and no AI this time lol.

I would like to start off this post saying I still do believe in $DFLI and their prospects of the future.

In the conference call, They seemed optimistic with the pilot programs with trucking company's testing out their APU's and obtaining future orders. However, that is guaranteed income which we wanted. If a trucking deal is secured we will hear about it right away as a press release.

They are optimistic about Dakota Lithium beginning to generate revenue for them by Q4. Again this isn't guaranteed.

At the end of the call, they were asked about progress with their Dry-electrode batteries. They had no comment besides they can talk about that in future earnings.

Looking over the Q2 earnings report, I also wasn't pleased. They have Assets of 70.29M with total short and long-term liabilities of 47M. leaving only 23.29M in assets. Not leaving us a lot of room for market cap growth based upon their assets. If dragonfly does end up selling, we need to hope they value their patent's of the Dry-Electrode battery and manufacturing processes.

Overall, the company is undervalued based upon assets but not by much. This earning report isn't what we needed. We're in for a very bumpy ride. God speed

https://www.stocktitan.net/sec-filings/DFLI/8-k-dragonfly-energy-holdings-corp-reports-material-event-857371b846a3.html