Did crooked EMO mngmnt pocket an EMO project?Spun it off for themselves while shareholders got squat?
Pocket or looted?
Lifted from elsewhere
I will say, while we have a lot else going on... the more I read about the POCC lithium project that EMO once owned, and gave away for free, should be concerning shareholders. They are listing for 80million currently and EMO literally didn't get a cent for this, yet diluted shareholders by 1,500,000 (edit - 3 tranches of 500k) shares to purchase it and paid the tenement fees for 5 years.
As an EMO shareholder, this annoys me, because 80million to our market cap would be a lot better than us getting nothing while DG gets a huge payday
The valuation they gave to it, was 0. So no, it doesn't go anyway to explaining the value, nor does it explain why a mere 8 months later it's worth 80million fully diluted as an IPO
There was no sell, that's exactly the point. EMO just dissolved its subsidiary without any explanation in the annual financial report. All brazil entities went zap, poof, gone from what I can tell, and LI-Ionic was incorporated in July 2021 and then 3 months later this property mysteriously became available for free and 3 of the directors are the same (David Gower, Greg Duras and Damien Lopez... CEO, CFO and Company secretary)
JMHO...smell like cabage?