RE:RE:RE:RE:Should have sold this garbage for the tax lossyouknowwhat,
Not all TSX-V listed companie shaving filed a preliminary base shelf prospectus are comparable to one another.
One company is being built up and is nascent (NOU); the other is seemingly being burned down and may be nearer to the end of it's useful life as a publicly listed equities issuer (NGC).
Once again, 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.