Neo Lithium Corp V.NLC

RE:Foreign Exchange Losses

[LithiumNPV]

There are other problems. They are spending so much money on marketing and salaries. This is a red flag!!! Once a junior realizes they aren't getting the needed financing or partnership, the CEO, CFO, COO, etc. very unethically aim to milk the remaining cash in the company for themselves by various methods to the despair of the average investor. Since the oversupply is universally acknowledged through 2019, 2020, 2021 and some reports claim the oversupply will continue through 2025-27 because lithium is so easy to extract and so abundant, the CEO, CFO, COO, etc. basically give up and suck the rremaining cash out of the company for themselves to the tune of millions (or the last $35 million cash stash).

They become the most unethical of people because the oversupply problem will not get resolved for years which is so readily apparent. However, when they do this, their reputation is  totally tarnished and nobody will do business with them again. But they don't care because they have given themselves a massive payday from that $35 million stash. Remember their names. Some people don't make even $5 million their entire lives, but in one fell swoop that's the payday to certain players in the company whether by warrants or options overpaying salaries.