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QUEST RARE MINERALS LTD V.QRM


Primary Symbol: QRMLF

Quest Rare Minerals Ltd is a Canadian exploration company developing Strange Lake rare earth deposit in northeastern Quebec, Canada. The Strange Lake REE deposit contains quantities of all the rare earth metals used in permanent magnets. The company is to become a supplier of rare earth oxides for the permanent magnet industry to be used in variety of industrial and consumer applications including wind turbines, automobiles, consumer electronics and medical equipment. Its project portfolio includes Strange Lake Rare Earth project, and Strange Lake Preliminary Economic Assessment.


EXPM:QRMLF - Post by User

Bullboard Posts
Comment by STXinvestigatoron Sep 08, 2017 12:53pm
211 Views
Post# 26672506

RE:September 18 is the deadline.

RE:September 18 is the deadline.

Yes, I would be shocked if Lortie and his partners in crime arrived at any solution that aims to protect QRM shareholders.  He has prioritized his own interests ahead of QRM shareholders incessantly.
 

In previous posts, I have proven that Lortie and his BOD breached fiduciary duty toward QRM shareholders in a flagrantly fraudulent manner.  In particular, he preposterously mortgaged all QRM assets for the payment of a mere $550,000 from an anonymous debtholder.   It is not merely breach of a civil nature, it is breach of a patently felonious nature that, should a deep pocket decide to pursue litigative remedy on behalf of harmed QRM shareholders, could land the man (and his entire Board of Directors (BOD)) in prison.  

The QRM shareholders likely have only one hope:   they need a whistleblower to step forward and file disclosures with the Ontario,Securities Commission (OSC) in order to reap the gargantuan whistleblower awards available in that province; anybody who can prove QRM BOD collusion to betray QRM shareholders at the expense of an anonyomous debtholder could earn multi-millions in whistle-blower rewards.  At the same time, if a forensic investigator can establish any financial link between the secured debt holders and Lortie plus the QRM BOD, then that would provide categorical empirical evidence of fraud, predicated upon cronyism, moral hazard, and self-dealing.

Bullboard Posts