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Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.


GREY:NMKEF - Post by User

Comment by mick1888on Aug 19, 2020 1:35am
98 Views
Post# 31426590

RE:RE:RE:RAN should have put themselves on creditor list

RE:RE:RE:RAN should have put themselves on creditor listSorry, am I missing something? Has Softbank got a non disputed claim as a Creditor? If not they are plain old shareholders just like the rest of us.... :-) Then back to my point, they won't acep a near 100m loss without a fight (which could take years)... ;-) GLTA longs
Tcheck wrote: you are probably right tictacto

Softbank is on creditor list for off-take agreement with NMX not as shareholder.

quote

Japan’s SoftBank Group Corp (9984.T) will buy up to 9.9 percent stake in Canada-based Nemaska Lithium Inc NMX.TO and invest up to C$99.1 million ($77.7 million) through a private placement as part of the agreement .

SoftBank will have the right to nominate a member on Nemaska Lithium’s board and will also have the option to buy up to 20 percent of the miner’s lithium output over the long term, the company added.

end quote

so they claim 86 M for losing the offtake agreement ? they were going to buy 20 % , not receive it .it is a bit hefty .
so claim won t be accepted i guess under no circumstances .
but they wouldn t have invested in nmx at all without this offtake agreement ..
they have been fooled as much as we have been .
we wouldn t have invested if we knew the company was not fully funded .

being on the board didn t seem to help at all .iq and softbank didn t do or couldn t anything to prevent this mismanagement  .so much for the reputation and usefulness of company boards .

room and board came  out costly  at nemaska hotel .
everybody  got fleeced not just us ,the ignorant investors .




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