A Creditor In Possession Outcome Here Is Now LikelyOgopogo007,
Please do recall that Gregory Bowes, Hugues Jacquemin et al are simply clearly seen as having been "The Missionaries On Assignment" dispatched by or on behalf of Imerys SA, "Sprott" and "interested others".
Such an understanding would definitely serve in having you better informing yourself as to why Hugues Jacquemin Greggory Bowes et al have never been in any hurry to do anything in supporting the NGC.V share price and to have it sustained at much higher share price points. Actually, their collective actions or specific lack thereof have clearly guaranteed a much lower NGC share price which is closest to and greatly reflective of the company's current book value per share price, $0.18.
NGC is being very slowly scuttled, likely as per the privately conveyed instructions provided for Gregorry Bowes, Hugues Jacquemin et al before they were sent off on their mission as the very "Missionaies On Assignment" which they, in my opinion, most clearly present as being.
Let us see what you'll say when there is a halt to mining activity at Lac des Illes, due to having depleted -sooner than you expect - what little remains of the historical graphite reserve at LDI.
You do know that particular event is coming soon Ogopogo007?
I'd suggest this happens well before the end of this year.
In my opinion, it's likely that Northern Graphite Corporation officers and directors are looking to mine the remaining graphite reserve as quickly as possible, so as to have it processed and the required graphite product delivered to customers or prepared as inventory for NGC's creditors, e.g. "Sprott" and the very outfit Greggory Bowes "consults".
I expect "Sprott" does obviously want all of what "Sprott" is contractually owned and that "Sprott" is willing to sell off the graphite inventory, the LDI graphite processing facility and any other assets required in order to be made whole.
Perhaps soon enough, it's likely to become a "creditor in possession" outcome here with Northern Graphite Corporation.
Alas, this too is something which Gregory Bowes, Hugues Jacquemin et al did not, at the time in question, emphasize for existing and would be NGC equities investors.
After all, we know "Sprott" has not realized the previously expected opportunity to bank all those expected fees and other benefits from the lead underwriting the massive and material equity offering required to secure the massive and material amount of capital required in order to allow NGC to purchase part of or the entirety of NeoGraf Solutions LLC equity.
"Sprott" is likely insisting that NGC officers and directors now do as they had been long ago instructed to do, i.e. to seek and undertake a massive and material capital raise transaction (in whatever form is dictated by "Sprott" and Imerys SA), a transaction which would necessarily be priced at a value of $0.20 per share.
Savvy?