RE:RE:Should have sold this garbage for the tax lossHarley103,
It abundantly clear that NGC officers and directors are preparing to fully dilute NGC "minority equities investors out from out respective remaining investment equity value. It would be on our backs that Messrs. Jacquemin Bowes, Jacq et al are planning to place $100 Million worth of additional and quite intentional equity investment annihilating weight.
Any company officers and directors who are clearly signaling that an "ATM" type equity offering would be any sort of option, in my opinion, clearly demonstrate pure desperation.
Desperate to raise capital, "The Missionaries On Assignment" are willing to deal away controlling interest of Northern Graphite Corporation at much lower share price points than are being experienced today; likely anywhere from current share price points down to $0.09, a share price which would be representative of a 50% discount to book value to share price.
That kind of proposed "ATM" type equity offering maneuver is clearly recognized as Hugues Jacquemin et al setting up a "FIRE SALE" for thier own privately selected business partners.
To keep his/their personal piggybank going as a publicly traded TSXV listed vehicle, this guy would pursue what would amount to being a privately arranged for shifting, shuffling and dealing away of the equity control of Northern Graphite Corporation. The "backdooring" of NGC straight out the front door, so to speak.
Imerys SA and "Sprott", along with that corporate vehicle which Greggory Bowes "consults" of course, are likely going to walk away with these remaining assets at "FIRE SALE" share price points.
It's quite disgusting to say the least; and yet, what else can we ever expect from these previously privately dispatched "Missionaries On Assignment"?