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 > Bid 3.5 cents

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Comment by OrsonModestoon Oct 17, 2018 9:15am

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Post# 28817174

RE:RE:RE:RE:RE:RE:RE:Bid 3.5 cents

SJL hasn't paid according to the latest financials: Payment of $425,000 cash payable in four yearly installments of $106,250 with the first payment due on May 7, 2018 and the following three installments on May 7, 2019, May 7, 2020 and May 7, 2021. To date, the Company has not received first installment payment payable under the agreement. BUT, also according to the latest financials: During the nine months ended July 31, 2018, a shareholder advanced $686,004 to the Company for working capital purposes. The loan is non-interest bearing, due on demand, and has no fixed terms of repayment.

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