Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:RE:RE:10 for 1 Share Consolidation

[Metalhead99]

I like your last post. There does not seem to be any reason to consolidate at the moment. They have a decent amount of financial support already from big players. With the funding they have, the only thing they need to focus on or worry about at the moment is keeping to their timeline. 

Also, look what consolidation did for LAC when they did it to get listed in the U.S. and to attract investment. They have yet to "attract" much, and their SP has been sliding to nowhere just like every other lithium stock in 2018. When a company consolidates shares to get the SP above $5, and does it in the wrong market environment, it is a waste of time or even harmful because it doesn't take long for the SP to fall below the magic $5-level anyway. 

Haiabusa wrote: Certain institutional investors and mutual funds have a rule that they can’t invest in a stock priced less than 5$. Management, has fiduciary duty to maximize shareholder value as well as they receive compensation from share options which will become in the money as more investors get onside.

I think you are right that they will do it, but now isn’t the right time - no catalysts working for them yet until they prove some financials.

It’ll be quiet until 2019 Q2/3, then we start moving to $1 if all’s on track.