Great Lakes Graphite Inc GLKIF

Great Lakes Graphite Inc is an industrial minerals company focused on bringing carbon properties and products. It focuses on the manufacture, marketing, and sales of graphite products. Its product is categorized in types: graphite and advanced carbon products. Some of its natural flake graphite products are Micronized, High purity micronized, Ultra-high purity micronized, Spherical purified, and Coated spherical purified. The advanced carbon products include ALD-Coated graphite, Graphene, and Carbon composite materials.

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Great Lakes Graphite Inc

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Comment by AliMcKenzieon Jun 08, 2016 5:52pm

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Post# 24948324

RE:RE:Great Lakes Graphite investors acquire 4.5 M shares

Rechnerhand wrote: Does that mean GLK couldn't find investors for second tranche?

A bullish investor would interpret the move as a vote of confidence from an insider.

On the other hand it could be a last ditch attempt to keep creditors happy, pay off some of the $870k owing for trade payables, QST and various liabilities, and to head off the possibility of a lien being placed on the Matheson property.

Gorman has stated in the past that some of the GLK investors have deep pockets. Whatever the reason, it is nice to see them putting some of their own money in the pot for once.

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