GREY:NMKEF - Post by User
Comment by
Takeactionnowon Jun 26, 2020 9:04am
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Post# 31194291
RE:RE:Possible Offer?
RE:RE:Possible Offer?The point of this article is that there are many possible ways of structuring a CCAA reorg. Any excuse that it requires too much cash up front is nonsense, since claims can be deferred or paid without dispensing cash. So too with existing shareholders, who strategically should remain in the picture (Cree, government agencies, and by extension, all others). There are other possibilities, of course, as the article points out:
Nemaska Lithium – Getting the deal done #3 Takeactionnow wrote: There is another suggestion that my buddies at TMN tell me will be published at 9:00 AM tomorrow.
Charlene wrote: One of the miners (e.g. ALB, SQM) to offer to pay the total claims (~250M in cash). Then buy out all shareholders (in stock). Then they sit on NMX (as a real option), until the market takes off. They have all the IP and get it into production later. Their initial cash outlay is only 250M, but they would own 100% of NMX and its IP. IQ won't like this offer as jobs created gets postponed. But it could happen. And the board and judge has to strongly consider this offer as it benefits all stakeholders (debt and shareholders).