RE:RE:RE:1studentYouknowwhat,
The fact that anybody who read the following statement within the press release in question could be left to wonder about what excess production capacity, other than NGC's excess graphite material, is going to be sold and proceeds derived therefrom utilized to pay for the assets purchased form Heraeus Group; that is concerning to say the least.
" NGC will be operated by Northern and financed by selling excess production capacity to partners and other material developers. Northern will pay Heraeus a 2% royalty on sales of all Porocarb products."
It's no coincidence that this preliminary $100 Million base shelf prospectus filing comes along after the bad bill of goods purchased from Heraeus Group was secured.
This NGC Battery Materials Group R&D facility and the employees brought on board from Heraeus Group,etc., is likely to serve in draining common "minority" equity investors of our respective equity investment value.
Issuing untold amounts of NGC.V equities in order to raise capital with which to pay exorbitant slaries to those so called "battery materials scientists", i.e. former Heraeus Group employees who actually failed at fully and finally developing a "PorocarbTM" product which, after 10 years, is not yet "commercially viable . . .
You went on to state "Then again I found the press release missing information such as what costs is NGC libel for,what are they renting from Heraeus?? Etc"
Alas, that is exactly how Hugues Jacquemin et al like to put out press releases. It's their collective modus operandi.
It's part in parcel of just how Hugues Jacquemin et al go about intentionally destroying any already annihilated any remaining NGC "minority" investors equity value.
It's what "The Missionaries On Assignment", such as Hugues Jacquemin, Greggory Bowes et al, had been dispatched to accomplishing.
"FIRE SALE!"
Get your $0.09 NGC.V shares (50% 0ff book value per share, perhaps even cheaper than $0.09) by way of an "At The Market" Equity Offering or perhaps a bought deal equity financing initiative which would enable the underwirter (s) to sell short NGC.V shares, due to the all too convenient and immensely discounted per share price affixed to such a NGC.V bought deal offering.