Neo Performance Materials Inc T.NEO

Alternate Symbol(s): NOPMF

Chemicals Specialty Chemicals

Neo Performance Materials Inc. is a Canada-based company, which is engaged in the green energy transition by manufacturing the building blocks of many technologies that enhance sustainability. The Company's segments include Magnequench, Chemicals and Oxides (C&O), Rare Metals and Corporate. The Magnequench segment manufactures bonded neodymium-iron-boron (NdFeB or neo) powders and bonded permanent magnets. This segment produces bonded magnets (Magnequench Magnets) made from its various Magnequench powder grades. The C&O segment manufactures and distributes a range of advanced industrial materials. Applications from these products include automotive catalysts, permanent magnetics, medical devices, and wastewater treatment. The Rare Metals segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. These products include both high-temperature metals (tantalum, niobium, hafnium and rhenium) and electronic metals (gallium and indium).

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Neo Performance Materials Inc > Hastings in big pain

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Comment by templetooth2on Jun 17, 2024 5:18pm

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Post# 36092961

RE:RE:Hastings in big pain

You would have to read the trust indenture to find out the particulars.

Under ordinary circumstances, the shares would be pledged to Wyloo as collateral for the loan. If for whatever reason HAS were to sell the shares, you would expect the debenture to be immediately payable. As HAS has zippo funds on hand ( I expect given share price) that would be corporate suicide.

So under ordinary circumstances there is ZERO chance of Hastings selling their shares.

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