RE:RE:RE:RE:Saving this great company Luckierjack2 wrote: Hi Moose,
I don’t know Paul at all so I cannot comment, but I accept that he is committed and will do whatever he can to make this work. But the company has no money and $9 million in debt. How to they raise money and move this company forward. None of the company boosters like uncle Ron, Floridas or yourself has ever addressed that issue.
Why did you drag me into this - I want to be left alone for this stock. I have already conceded they are in a horrible position but you can't let it go - you have to be right. You want options, here are a few.
1) they get bought out or assimilated by a partner. In that way they can continue doing business as usual. For example Ashland or Versarien.
2) they get bought out by a company that is a competitor and is looking at gaining access at some of their intellectual property and connections. Asbury or Graphtech comes to mind. Even Syrah could buy them out and scrap Louisiana.
3) they cannot raise funds or do a private placement but they can get a loan for outstanding debts although that is extremely unlikely
4) they can appeal to some of companies who were on the cusp of doing an off-take agreement but delayed for whatever reason. They can say, we know you need graphite and getting it from China is not a good way to diversify. Help keep an American based company alive for only a few million by giving us that purchase order. Let's re-structure it in a way the company gets more upfront to pay off the outstanding monies. They are only a few million in debt, not 100s of million. Outside of GLK, Syrah, Bass Metals THERE ARE NO JV GRAPHITE COMPANY THAT CAN SERVICE THE MARKET FOR THE NEXT 2 YEARS AT LEAST. Companies using graphite are well aware of it. Even the US govt. has the ability to bail them out with an order in that case.
5) they can sell the rest of the lab to CHASM and use the monies to help with financing.
I gave that 10 min of thought, all you need to do is put on your entrepreneurial hat. The question of feasibility is what would need to be brainstormed and how the idea is pitched and who it's pitched too since it hasn't happened already there must be obstacles. The situation however is different and the urgency might give results.
Anyway don't get me involved going forward. DON'T CALL ME A PUMPER. I do a ton of research and I am not a pie in sky type of inverstor. I acknowledge risk and base my decisions off of that. Leave me out of your discussion.