"Sprott", Creditors, Proving Up The Supposed LDI FindCreditors, mainly "Sprott", want their interest payments owed by NGC.
Obviously, NGC doesn't have the capital with which to pay the interest payment owed, in arrears, on monies advanced by "Sprott" and any other NGC "creditors".
I expect "Sprott" representatives would consider allowing NGC representatives the time needed to raise the capital required to make good on such interest payments owed to "Sprott" primarily and others.
Focus Graphite, yet another Quebec, Canada based company, announced a non-brokered private placement equity offering of up to $300,000.00 worth of FMS.V shares priced at $0.075, with attatched warrants exercisable at $0.10 for a period of 24 months.
That recent just shy of $18,000.00 worth of NGC.V shares purchased at both $0.07 and $0.08 last week by Guillaume Jacq, NGC'S CFO, could have been an attempt to participate at more or less the same share price as any perhaps to be announced NGC non-brokered private placement equity financing?
Similar to Focus Graphite, Northern Graphite representatives may very well be pricing any to be undertaken non-brokerd private placement equity financing at $0.075. That's right were Guillaume Jacq's dollar cost average per NGC.V shares recently purchased would be.
Just a couple of thoughts here.
What say you?