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Bullboard - Stock Discussion Forum Argex Titanium Inc. ARGEF

"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."

GREY:ARGEF - Post Discussion

Argex Titanium Inc. > China's Release.
View:
Post by Mininggeneral on Jul 03, 2019 4:07pm

China's Release.

People called me out on that fools release, now thinking about it, I think Mazen knew it was a joke too. Where did it say in that news release that the engineering company was going to pay for the plant? Argex is just hiring an engineering company, the problem is nobody is willing to read the news release carefully. The person on the call even said Mazen and his team of lawyers already had a plan long time ago to file bankruptcy.
Comment by TomKCam on Jul 03, 2019 4:56pm
Nobody said we have the financing for the plant. Where did you read that? If a person said that on a chat board, it is that person that you should slap, not Alnaimi. I highly doubt the lawyer firm can know since when Argex had a plan to act against the creditors. This plan was a private plan until it is made public by the Trustee. And quite honestly, being in the financial position of Argex ...more  
Comment by Mininggeneral on Jul 03, 2019 5:04pm
Tom, the reason why I say that because it seems that majority of posters think that this news release was landmark when in reality, it's nothing more than going to China and hiring an engineering firm. I would think the law firm would know about bankruptcy because this is what they get paid to do. Normally, when you declare bankruptcy, I would assume you would have to discuss with lawyers ...more  
Comment by Mininggeneral on Jul 03, 2019 5:16pm
Mazen has probably hired the best law firm PriceWater to deal with these bankruptcy cases. I would think he's paying huge amounts of money and if they advised him to go this route, going to be really hard to fight against this fiasco.
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