Nemaska Lithium Inc NMKEF

another slimeball company Argex Titanium

[Tcheck]

not my words
in quebec
of course ?
:)
bankruptcy and insolvency act used a lot in quebec

Argex Titanium files Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act (Canada)

GOGREENBABY wrote:
Argex Titanium, sold everyone on their dreamy cutting edge tech as the lowest cost producer of Titanium Dioxide. They had financing and PP all the way along until their tech and product was verified and proven to be as good if not better than any in the industry. They had announced contract discussions with Vietnam and a contract with China to design and build 3 plants. Apparently this was a game changer. A week or so later there was a big sell off of shares, the next day they announce, insolvency and debt restructuring. Then they announced the company was going up for bid. In the end only one company actually bid. $350K and low and behold the CEO of Argex was the owner of the private company that bid $350K. PWC said nobody wanted to bid because the 3rd party firm that had verified and tested and concluded that their product was excellent, was owed $65K and so they would not release the test results, making the company and their claims of having the best product worthless. So conveniently after the CEO bought the company for $350K and took it private, he paid the $65K for the test results and nobody has heard from him since. Shareholders cried and cried and the slimy CEO lived happily ever after. The end.