Nemaska Lithium Inc NMKEF

Why did Pallinghurst offer 25 cents last year?

[Ciseaux]

They had access to all public information before they offered 25 cents along with existing shareholders. It's not like the projection of the price of lithium over 30 years has changed. Current financing was known. Pallinghurst convinced me to invest in NMX. I'll wait to hear the official settlement before I make my final judgment, but this does not look good. 

I hope we finally hear about this soon. Not only do I lose money, but I have to worry about this for way too long.

[Calgary_AB]

They didn't offer anything...NMX asked for 0.25 and Pal said: maybe but first I need to do my DD...after DD Pal said "NO"

[mick1888]

KTF... ;-)

[Tcheck]

the Pallinghurst deal that was never going to happen they were not serious negotiating a  new financing deal with pallinghurst because the cost overrun clauses of the loan contract with nordic trust  were clearly forbidding them to even entertain the  idea . nordic trust didnt accept cost overruns under no circumstances. no way to wriggle out of those terms of the loan contract

[Ciseaux]

It was not public information that a deal with Pallinghurst could not be done because of the bonds contract (if true). Me too I thought I was getting a great deal buying shares at 18-20 cents when they were going to be worth 25 cents right after everything was going to be worked out (which I thought it was after the bonds were removed!).  This is a huge loss for me personally. By the way