RE:Just fruit for thought...Read below post I posted Jan 11 2019, the name "Softbank" can be changed to any other names maybe even Pallinghurst...
What is the SP now?
Are the investors frustrated yet?
How much say does NMX have in the new financing? = zero say
How do you make a good deal when you have zero say and without the financing you are done?
How do retail investors here can have any hope that this will benefit them at all?
Rose glasses and nice dreams will turn out to be just that...
I TOLD YOU SO! many many times...
Got GOLD?
Calgary_AB wrote: If I was Softbank...
I would invest in NMX, agree to the contract of having no vote until either Sep. 2020 or first production...
Keep the SP depressed all the way to 2020, frustrate everybody, keep the price at $0.30 or less...
so let's calculate how it would work out:
I paid 100 million into a pool of 1 billion.
Keep the SP at 0.30 and when my voting rights become active I blame the losses on bad management and put an offer to buy the company and take it private at a premium let's say at 0.40
so NMX has 1 billion shares outstanding that will cost me 400 million and I get a billion dollar company already build and producing...sweet
Important to note: TAKE IT PRIVATE which means the longs will have to take the 0.40 deal and they are no longer shareholders...
I don't want to tell you in 2 years "I told you so" but I am afraid I will...