Northern Graphite Corp V.NGC

Tragically Hip's new song! "Northern Graphite is Sinking"

[Palmer009]

My goodness, Hughes has obliterated this company over the past 3 years. $69MM in deferred revenue obligations + a $15MM (CAD) secured loan with Sprott. Meanwhile, 2023 overhead chewed up over 50% of the gross revenue. 
In all honesty, how do these guys make it out of this situation that Hughes has put them in? Jokes aside, they need to double their revenue while cutting operating and G&A costs by 50%. Damn I got swindled here and should've known that the CEO has no idea how to run a company. Maybe I am missing something. Does someone know something that I don't?

[youknowwhat]

Unfortunately the CEO has NO CLUE  how to run a company. he being a narcissist will never admit to needing help. 

[1student]

youknowwhat, I have found a method which works quite efficiently well in treating narcissists like Hugues Jacquemin

[1student]

Palmer009, Those $69MM in deferred revenue obligations and that "Sprott" loan are simply loved by the company's creditors, who are likely about to be provided the opportunity to purchase $0.09 NGC shares, representing a 50% discount to NGC's book value per share price. Do you expect they'll bite or do you expect the company's creditors would rather have NGC