Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:RE:RE:Another extension to Sept 4th?

[mick1888]

Of course it was the debtors that filed for it (it is only they that can control the procedure) at the request of the creditors (point 29).... ;-)

GLTA longs

Calgary_AB wrote: you always skip to the good part that suits you...look at point 24, it was the debtors that asked for extension (probably because the bidds were not high enough to cover)

for you the glass is always half full, for me is half empty... :)

mick1888 wrote: CalAB, quite simple really. They are only safeguarding the project from the 'circling sharks' as you gleefully remind us of. Wouldn't it be the ultimate farce if they agreed a deal but ran out of time to close it.... ;-)

Incidentally you said the other day that it was your opinion that Nemaska asked for the extension, the following eigth monitors report dispels that theory (point 29).... ;-)

https://www.pwc.com/ca/en/car/nemaskalithium/assets/nemaskalithium-062_070920.pdf

GLTA longs

Calgary_AB wrote:

Mick,
How positive can that be spun?
Why would they need extended protection?
I thought the offers were way more than covering the secured creditors therefore no need to worry...there is even 0.50 per share for the loser longs, right?

Think about it...

got silver?

mick1888 wrote: Yip...it's an extention of the protection from creditors (in the event things are not signed in August).

phantom666 wrote: Target Closing date was August 14/20, so maybe that was what was extended to September 04/20