Nemaska Lithium Inc NMKEF

RE:RE:CREDITOR CLAIMS

[mick1888]

Thanks TaN, any information whether it's gossip or otherwise is better than ''the sound of silence'..... ;-) Insofar as the group is concerned, to be honest I had no intention of joining and was quite prepared to take my medicine. But the one single thing that sold the idea for me was their goal of keeping the project public. My personal opinion is that I'm not interested in selling to the highest bidder, I want to stay part of the project. Hence to date the only semblance of a proposal I've seen that interests me is Pallinghurst. Ok, 0.25 is not great, but it wouldn't be anywhere near that in a couple of years, so I'd rather have that than say a buy out at 0.5. And that I think is what the group offers me personally....;-) GLTA longs

Takeactionnow wrote: In my opinion this is an all or nothing proposition. If the company is refinanced and there is no acquisition of existing shares, then it is a question of (1) how much dilution will be suffered, and (2) whether (with or without subsequent additional financing), and in what time frame, the company can become profitable. If the company is not refinanced (and presuming that there is no further extension of time before liquidation of assets is sought), shareholders will receive nothing in all likelihood. Some posters have spoken of the company remaining unlisted for a longer period of time, which (assuming that there is no acquisition of existing shares) primarily impacts the ability of any holder to determine share value and buy or sell shares, but, at least in theory, not the growth in value accruing as economic success is achieved (which would undoubtedly lead to relisting). As for the price sought, my answer a month ago would likely have been that 16.5 cents per share is insufficient, but the global economic turmoil caused by the coronavirus (COVID-19) pandemic reduces the likelihood of a successful financing outcome, making that price much more attractive. The timing of your question is good, since I am expecting to speak tomorrow with someone closely linked to what is going on, who may be able to provide additional insight. As for joining the group, there is definitely strength in numbers, although I have not joined.

Tiger737373 wrote: Hi, M.Takeactionnow, I would like to know your opinion on the creditor's claim process. For my part, i have a mixed opinion. I mainly disagree on the amount claimed per share. The price of 16.5 cents offered by the group is clearly insufficient when you consider the real value of the compagny. However, i would like to emphasize that representation by a lawyer in the restructuring process can be an asset for shareholders. I am thinking if i should join the group.

Thank you for your reply