Perhaps Yet Another NGC Friday After market Press Release?That filed supplement to the $100 Million final base shelf prospectus could be today's after market hours disseminated NGC press release.
I will tell you that any continuously ongoing At The Market type of NGC equity offering eing pursued, as part in parcel of and as enabled by the supplement filing activating the final $100 Million final base shelf prospectus, would be wholly demonstrative of utter desperation on the part of "the company".
At the market type equity offerings are invariably attracting of predatory type investors who would be enabled to drive the NGC.V share price down and keep the share price heading lower for longer, this whilst knowing that NGC has little other choice than to continue raising the capital NGC immediately needs by way of such At The Market equity offering.
This would benefit "The Missionaries On Assignement" and/or their lieges, i.e. interested parties who would be seeking to incrementally amass more of an equity control interest in NGC and immensely discounted share price points, so as to have the remaining company assets under their collective control and so as to shift, shuffle and deal such assets away to privately arranged for and designated parties.
Should this management team try shifting, shuffling and backdoor dealing away for themselves and their business associates some of or materially all of the assets of the company . . .
Suffice to say there is already somebody else waiting at the back door with . . .