GREY:NMKEF - Post by User
Comment by
Charleneon Dec 30, 2019 2:08pm
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Post# 30502174
RE:RE:RE:PWC assignment page
RE:RE:RE:PWC assignment pageIt is the Nordic's bond trustee's secured first claim of $100M US that is impeding efforts to raise capital. If that is thrown away, then it makes it a lot easier to invest.... this is true for Pallinghurst and/or other investors. If it isn't, then the situation gets more grim. My investment and other retail investments go down the toilet.
The DD done by Palinghurst did not point to any technical weaknesses. The two bad financial decisions 1) Nordic bond 2) poor project management. If and when 1) is resolved, any smart investor will ask for serious management changes as part of any new investment.
At that point, NMX becomes a great stock again. It would also help if the Li market condidtions improve in the next 3 months or so. There is a path to great returns. There is also path to bankrupcy. Good luck all.