Bullboard - Stock Discussion Forum Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc > Creditors' role in SISP decision

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Post by Ciseaux on Jul 27, 2020 10:54pm

Creditors' role in SISP decision

Lorenzo says the creditors have a say in the winning bid, while Luna2020 says they don't. Who is right?

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Comment by Ciseaux on Jul 27, 2020 11:11pm

I meant dalesio_98 instead of Lorenzo...

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Comment by phantom666 on Jul 28, 2020 2:46am

The creditors have zero say in the SISP process, The creditors claims amounts basically have to be settled first otherwise it would complicate NMX’s sale and investor solicitations process and delay NMX’s restructuring.

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Comment by dalesio_98 on Jul 28, 2020 3:14am

Incorrect, secured creditors have a say in the SISP process. Cirque du Soleil secured creditors overturned investors taking over the company.

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Comment by Luna2020 on Jul 28, 2020 9:10am

They have a say if the bid selected by the board doesn't make them whole. In Cirque du Soleil there was a lot less investor interest. Since secured creditors had to take a haircut, the had a say. I don't see that here. Its apples and oranges. Cirque du Soleil is similar to Stornoway Diamond. NMX is different - once fully operational is a cash ...more

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