Argex Titanium Inc. ARGEF

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"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."

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Argex Titanium Inc. > Mininggeneral

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Comment by TomKCamon Jun 25, 2019 5:37pm

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Post# 29862281

RE:RE:RE:Mininggeneral

Astro,

I concur to your comment : 'If they didn't intend to get creditors satisfied, they simply would have saved the money and court costs and filed for bankruptcy directly.'.

If Argex cannot fullfill its debt obligation, why make the NOI? To do some (political) damage control? I do not think so. AlNaimi is a business man, not known in Quebec. If Argex fails, he will just leave. If bankruptcy was a plan to screw us, I cannot see how the NOI would help that endgame. In fact, it would be risky to go that way (for that endgame), because there might be creditors that would accept the proposal. There is an agreement with a Chinese multi-national. Argex will have to offer something.

GLTA,

Tom

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