Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc

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Comment by lamothzeon May 22, 2018 8:35pm

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Post# 28066748

RE:RE:RE:RE:RE:Share consolidation

There is no 1$ rule on the TSX or on the TSX-V either. There are many companies on the TSX trading under 1$ for many years without any issue (CDH.TO or CCM.TO are two examples that comes to my mind quickly but there is a lot of them).

TSX will delist if they find a company is bankrupt or is not financially viable or no meeting its debt payments.

Now having said that, the company might want to do a reverse split it's not impossible but it definately won't come from TSX.

Calgary_AB wrote: I know, I was funny when I said there will be dilution too....noone believed and everyone was saying $3.00 soon.
TSX will not force the consolidation but if it trades under a dollar for a specific amount of time NMX can be delisted unless they consolidate to bring it back over $1.00

Yonezawa1 wrote: A drop to .70 and a consolidation forced by TSX. Lol your funny