Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:L'Hebdo du St-Maurice

[TFSAfunds]

From the MD&A;

The Pallinghurst Group ("Pallinghurst") investment conditions in its investment proposal and related relationship agreement (“Relationship Agreement”) with the Corporation both dated July 19, 2019 (as amended) were not satisfied as at the expiry of the exclusivity period which ended December 31, 2019. The Relationship Agreement provides that a break fee of $12 million (less certain costs previously reimbursed to Pallinghurst) may be payable in certain circumstances to Pallinghurst. Such amount has not been provisioned as at December 31, 2019 (Note 18) because the Corporation believes that criteria were not met. 

From the July 19th NR;

The LOI provides that, in case of termination of the transaction, Pallinghurst will be entitled to receive either a payment of a CAD 12M fee or, at its sole discretion, warrants providing for the issuance of such number of shares that represents 19.99% of the shares outstanding of Nemaska Lithium as at the date of the execution of the LOI at a price of CAD 0.25 per share, for a period of 12 months following the grant of such warrants. Issuance of the warrants is subject to the approval of the Toronto Stock Exchange.

And you read into this;

That implies that GB might have had a verbal agreement with PG. 

 I believe it means more that "we're floundering here and will pay you to look at investing in us." Why wouldn't PG entertain looking at investing if it is at zero cost to them? It would be fascinating to actually have been a fly on the wall during those conversations setting up the LOI... 

Don't you think you're stretching it by now making up hypothetical "verbal agreements"|?
Please give me a break???

 Anything above $0.50/share would be great.

I would imagine that your 300,000 shares average just slightly below 50¢ a share? What about those folks at $2.00 entry points??? Heartless and selfish greed... lol

Charlene wrote: It might be the case.  Did you notice that in the last MD&A document, they mention the risk for paying PG a break fee?  That implies that GB might have had a verbal agreement with PG.  PG was willing to have GB on board after.  Now that Jacques has taken over, that verbal agreement went up in smoke as there are other offers (better for shareholders) that do not want anything to do with GB.  This is what a board should do.  

As a shareholder, it would be great to sell everything (i.e. cash out) to the highest bidder.   Anything above $0.50/share would be great.   Another company and CEO can take over the company and get it to production.