GREY:NEVDQ - Post by User
Comment by
JayGriffon May 09, 2023 10:18am
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Post# 35438367
RE:RE:Reply
RE:RE:ReplyThanks @ Westcoast1000,
I do agree Bogfit writes well for sure and that some other users on here (I won't name names) can learn from that...
In order for NCI to remain listed on the TSX after applying for the financial hardship for the third time, they needed to prove to TMX that they have enough capital to continue operations. Since they have met the TSX listing requirements a few months ago (that they did not make any Press Release about), this tells me that me that there is sufficient funds... I believe this narrative about still needing more funds after the completion of restart financing package and suggestion for another round of funding (dilution), may have been purposely stated to keep retail investors out and afraid. Again, there is no analyst coverage and no marketing to public and no insider activity besides the financiers…
I strongly believe that the dark picture they (NCI) has painted (As per Pala’s instructions) to the retail investors with regards to the operations, has greatly benefited the financiers on gaining large chunks of ownership (on start-up delays/issues) far cheaper than actual market (non-sentiment) value...
It is very sad to see this happening to retail shareholders and an important lesson for some to conduct a lot of DD on any public company and the larger shareholders who are also invested (Which I didn’t do soon enough :P)