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.

GREY:GLKIF - Post by User

Great Lakes Graphite Inc > No effort to change name

<< Previous

Bullboard Posts

Next >>

Comment by settoretireon Jul 04, 2019 10:35pm

95 Views

Post# 29888426

RE:RE:RE:RE:RE:No effort to change name

Florida

No offence, but name me one Company on the VSE that is/was in default on filing their financials that has not been demoted to the cse board.
Look. I want Novo to succeed as much as anyone, but historical facts are not in their favour.
With the share structure as it is, privatizing is the only way they survive. Sucks the big one for the rest of us, but business is business.
Startups are a long shot. Win some lose some. The business plan is sound, but they just did to much hedging and by not getting a major contract, they ran out of money.
They will continue on for a time while under halt, but eventually they will have to inform the SH, we tried, but couldn’t do it.
The name change is only to prevent chapter 11. Mining to manufacturing is a misnomer.
I am not saying they won’t be back with a different business model, but this event is not new and as I stated to Florida, no one comes back on the VSE from not being able satisfy financials.
It is what is is.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale