A "FIRE SALE" Transaction Coming Right Up!Hugues Jacquemin et al are out of capital acquisition headroom and now have to embark upon a "FIRE SALE" transaction supported by the recently filed $100 Million preliminary base shelf prospectus and a soon to be pursued filing of a prospectus suppplement to said $100 Million preliminary base shelf prospectus.
Perhaps an "ATM" equity offering would be the first attempt; and then, when that simply doesn't pan out, "The Missionaries On Assignment" would commence the largest single shifting, shuffling and privately dealing away of NGC equity control; doing so by way of a privately arranged for transaction which may very well involve NGC management as taking part in the "backdooring" (into privatization perhaps) of NGC's equity control.
In my opinion, there is a good chance this happens at an assigned share price of $0.09, representing a 50% discount to the company's book value per share price and resulting in a massive guaranteed short selling payout being arranged for the privately arranged for party or parties collectively.