GREY:NMKEF - Post by User
Comment by
dalesio_98on Oct 10, 2020 1:50pm
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Post# 31701116
RE:RE:RE:RE:an edda IQ collaboration would have pleased all investors
RE:RE:RE:RE:an edda IQ collaboration would have pleased all investorsmick1888 wrote: Why, then, did you not have legal representation at the Nemaska hearings to set the record straight? Why, then, did you not confirm your continued interest in the project?
I am sure doing this would have gained you the support of the 25000 existing NMX shareholders, instead we feel betrayed by all parties in this process. There is no point now, making statements than mean nothing to the abandoned many.... ;-[
EDDAFINANCE88 wrote: As President of EDDA, and in charge of Group EDDA Zingher Proposal, you have to know that we have given the proof before everything that we had 300 millions euros in Bank account with Zingher without any debt financing. EDDA was set up 3 years ago as a Regulated Financial Advisor in France where it has a very close agreement with All Invest, the largest "socit de Bourse" in France, a company that also manage 3 billion euros. EDDA owns its financial model (copyrighted and one with patent in process) that are exclusive and these models are necessary to introduce the solution that was proposed for Nemaska financing. Our partners have chosen EDDA to lead the proposal. We had also in the Team Willis Towers Watson. Moreover, you can read now in some newspaper in official communication by Mercedes (Daimler Benz) that EDDA Zingher have their support. We have given these information. Because normally we work closely with pure professionals, we are not known by the public, however the partner that use our model are very very respected. We can also help Activist Fund to propose new policy to improve share value of companies. When we come to Nemaska case, we show how we can valuate better. And finally to come back to the proposal, we wanted to see with our own eyes the site before paying the guarantee... We have shown that we had 455 million Canadian dollar and we can pay this guarantee but at no moment we were invited to come. We had debates in our team to know if we pay before we see or not. That is why we have hesitated. Finally because EDDA is professional advisor of Zingher, we could not advise to continue without engaging our responsibility in case something wrong was discovered after the deal. I believe all professionals can understand and approve. Now if necessary we will show that maybe with documents at our disposal, the decision not to continue Nemaska was in the mind of the direction.
EDDA was represented by legal counsel in court. I firmly believe legal counsel was not paid by his client and wasted legal counsel, shareholders and the courts time!