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Bullboard - Stock Discussion Forum Great Lakes Graphite Inc GLKIF

Great Lakes Graphite Inc is an industrial minerals company focused on bringing carbon properties and products. It focuses on the manufacture, marketing, and sales of graphite products. Its product is categorized in types: graphite and advanced carbon products. Some of its natural flake graphite products are Micronized, High purity micronized, Ultra-high purity micronized, Spherical purified... see more

GREY:GLKIF - Post Discussion

Great Lakes Graphite Inc > Material Statements
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Post by WidowAndOrphan on Aug 07, 2019 3:46pm

Material Statements

I don't know how this will work with a two name, two country sub-sub-subsidiary graphene company with zero directors, but


  • Previous financials and MDAs were consistently showing 2.5 Million in 2019CY sales
  • Officers of the company were publicly stating forward looking statements(may or may not be material)
  • A significant sell off occurred hours before the board announcement
I am not trying to rally up disgust (Everyone here likely lost a chunk of their hide today).  I have personally promoted this company and its stock to peers and colleagues.  I believed in their team and mission.  I like Paul.  I tend to think that this was more of a case of too much hope on behalf of the company rather than deceit, but my third bullet point is where I lose that faith and potentially get upset. 
 
 
Just couldn’t swing it or intentional deception?
Comment by Floridas2000 on Aug 07, 2019 4:16pm
Agreed.  I figure it's both they couldn't swing it and intentional misdirected optimism. This is not fun but a good learning experience.  I want to hear what the final story is.
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