RE:The future is bright...from CEO..survive today?Granting 1,700,000 stock options to certain employees pursuant to the Company's Stock Option Plan.
Additionally, the Company has granted a total of 5,100,000 restricted share units ("RSUs") to certain officers and employees pursuant to the Company's Deferred Share Unit and Restricted Share Unit Compensation Plan
This company is literally in default of it senior secured debt covenants.
That outfit that Greggory Bowes "consults" (his friends controlled fronting vehicle) and "Sprott" can call in the note they respectively hold over this company anytime they wish now.
As I said time and time again, nothing good comes this way.
This world class failure kind and quality group of NGC officers and directors are incessantly rewarded one another for failure.
Understand that the established value of whatever invetory and/or any graphite material to be mined and processed is simply not enough to cover the senior secured debt obligations.
This company is now likely headed to CCAA proceedings