I'm not sure I understand this comment. If they wanted $2 billion for the company, doesn't it mean that they refused the $300 million offer? Sounds to me like t

I'm not sure I understand this comment. If they wanted $2 billion for the company, doesn't it mean that they refused the $300 million offer? Sounds to me like they wanted at least a billion dollars for what was essentially an IP acquisition. I think whoever did their valuation, highly overvalued them. There's no way it would be worth that much unless they already had their own lithium mine or something. It's almost like those Shark Tank entrepreneurs that come and say "but our startup could be worth 20x as much in 10 years..so that's that's our valuation".