latest compaint letter to Pallinghurst;
Dear Directors
It is not to late for you to revise your offer, and come back with your original 2019 proposal. You will be aware that the overwhelming majority of common NMX shareholders are backing a new proposal (EDDA) which includes existing shareholders. The momentum is growing in Canada and the plight of the NMX common shareholder is receiving a fair amount of media coverage which will only increase. The misconception that your JV offer along with IQ and Orion is the only route of saving this project is unravelling, and it may end up an embarrassment for you. In light of the fact that the Nemaska project looks like the only 'Lithium pie you have your finger in', it would not look very clever of you in the eyes of your JV with Traxys, or in fact the market, if you were to lose out through unethical practice. And that is exactly what you are attempting, unethical practice.
As you are aware this project has excellent prospects, it would be a shame for you to lose out for the sake of greed. You should also be aware, that any goodwill you did have from common shareholders has just about run out, a u-turn now may just about salvage something. If you allow this to proceed as planned with your JV's, then you will be on a loser, and look extremely bad at the same time. Waiting for the courts to reject, whether that is this year or three years down the line (because the common shareholder will not let this go), should not be an option because you will have already done irreversible damage to your image in the eyes of all concerned.
Kind Regards
Michael
(Nemaska Lithium common Shareholder)