OTCQX:SREMF - Post by User
Comment by
Oregonduckon May 05, 2015 11:50am
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Post# 23695185
RE:QC and Commons
RE:QC and CommonsLongPlatinum wrote: There is a long history in QC of market intervention to support/save favoured industries. RB is in one of those industries and is already a favoured and connected player. Elon Musk's annoucement this week only adds to green cred; QC does not have to save the commmons, only restructure debt to give the corp a chance to realize value and hit cash flows. NewCo will be formed, but existing RB's will get 30-40% of it; reasonable expectation of 15c. Lots of sharks know this, have bought reams of commons < 5c ....
There is no chance in hell RBI or RBEIF shareholders will recoup much of anything or 30-40%. Even 1-2% would be highly speculative. The shares will likely go worthless like Nortel, Sino Forest, Air Canada etc etc. Best of luck though as I was a former shareholder who got taken out to the woodshed and spanked good. The current stock price is telling us the Quebec news being touted and the stock subsequently bumped up 900% to $0.025 last week might be over with. This Canada Lithium/RBI project is just a Proof-of-Concept as they have failed tomproduce 99.9% Li carbonate. The EV/Tesla story is just a side bar to tout the stock.