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.

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Great Lakes Graphite Inc > Saving this great company

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Comment by Luckierjackon Aug 13, 2019 7:14pm

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Post# 30024957

RE:RE:RE:RE:RE:RE:Saving this great company

Uncle Ron, I am not sure why you are mad at me, when you should be mad at the GLK situation. The company is still not trading, but it is insolvent. Those are just facts, not opinion. You have lost almost all of the money you have invested in GLK. And please don't give me that old statement that you haven't lost money until you sell. And as an accountant I can tell Bullmoose, since he asked, that they have written off over $800,000 for their investment in the Matheson facility and took a $2.2 million loss on the sale of the Lochabar property to St. Jean Carbon. In 2016 and 2017, they also took charges of $665,000 for tax and penalty liability and payable to shareholders for misappropriation of Flow through funds. I have tried to provide a valid viewpoint on the state of the company, but only to get some posters mad at me. Best of luck to all.

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