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Bullboard - Stock Discussion Forum Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

GREY:NMKEF - Post Discussion

Nemaska Lithium Inc > AMF mission
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Post by Tcheck on Oct 22, 2020 1:30pm

AMF mission

Under the Act respecting the regulation of the financial sector (formerly the Act respecting the Autorit des marchs financiers This link will open in a new window), the AMF’s mission is to:

  1. provide assistance to consumers of financial products and services, in particular by setting up consumer-oriented educational programs on financial products and services, processing complaints filed by consumers and giving consumers access to dispute resolution services;
  2. ensure that the financial institutions and other regulated entities of the financial sector comply with the solvency standards applicable to them as well as with the obligations imposed on them by law with a view to protecting the interests of consumers of financial products and services, and take any measure provided by law for those purposes;
  3. supervise the activities connected with the distribution of financial products and services, administer the rules governing eligibility for and the carrying on of those activities, and take any measure provided by law for those purposes;
  4.  supervise stock market and clearing house activities and monitor the securities market, in particular, by administering the controls provided by law as regards access to the public capital market, ensuring that the issuers and other practitioners involved in the financial sector comply with the obligations imposed on them by law and taking any measure provided by law for those purposes;
    1. supervise derivatives markets, including derivatives exchanges and clearing houses and ensure that regulated entities and other derivatives market practitioners comply with the obligations imposed by law; and
  5. see to the implementation of protection and compensation programs for consumers of financial products and services and administer the compensation funds set up by law.Under the Act respecting the regulation of the financial sector (formerly the Act respecting the Autorit des marchs financiers 

    This link will open in a new window), the AMF’s mission is to:

    1. provide assistance to consumers of financial products and services, in particular by setting up consumer-oriented educational programs on financial products and services, processing complaints filed by consumers and giving consumers access to dispute resolution services;
    2. ensure that the financial institutions and other regulated entities of the financial sector comply with the solvency standards applicable to them as well as with the obligations imposed on them by law with a view to protecting the interests of consumers of financial products and services, and take any measure provided by law for those purposes;
    3. supervise the activities connected with the distribution of financial products and services, administer the rules governing eligibility for and the carrying on of those activities, and take any measure provided by law for those purposes;
    4.  supervise stock market and clearing house activities and monitor the securities market, in particular, by administering the controls provided by law as regards access to the public capital market, ensuring that the issuers and other practitioners involved in the financial sector comply with the obligations imposed on them by law and taking any measure provided by law for those purposes;
      1. supervise derivatives markets, including derivatives exchanges and clearing houses and ensure that regulated entities and other derivatives market practitioners comply with the obligations imposed by law; and
    5. see to the implementation of protection and compensation programs for consumers of financial products and services and administer the compensation funds set up by law.
Comment by bigkagan on Oct 22, 2020 2:07pm
hey Check, you know who the creditors are? If there is some big player among them he could do the same job on Pallinghurst that it did on NMX and refuse to approve the arrangement, and then he could buy the mine himself. It's a dog-eat-dog out there 
Comment by Tcheck on Oct 22, 2020 2:26pm
Hi bigkagan We are the hot dog  they will fight over There are no major creditors .except orion  thats exactly what is so strange .there is no obligation to sell . there is a need to find financing  and a requirement for quebec to keep control. this is not serious :)   AMF run by minister of economy is an oxymoron The AMF performs its functions and exercise its ...more  
Comment by bigkagan on Oct 22, 2020 3:22pm
the only big player left who could be pissed off is Softbank who stands to lose tens of millions $$ in shares when they go to zero, maybe it could work through some creditor to reject the deal
Comment by Tcheck on Oct 22, 2020 4:11pm
We would back softbank 100% even if they would offer us only  cents on the dollar.they dont ask our opinion any way .case shut and closed ? Under the circumstances ,they would have the backing  of the majority of the shareholders without a question  but did you notice none of  the bidders or candidates know anything about lithium,engineering or running a mine .they are ...more  
Comment by Calgary_AB on Oct 22, 2020 5:15pm
Tcheck, stop crying...this was not surprize at all especially after I TOLD YOU SO for last 3 years daily... Look back at my posts and your replies to me, you did it to yourself for not listening and being in love with your stock. ADVICE for you: take it easy with your "Green energy" it's BS...I'm not saying forget it, I'm saying take it easy or you will be very hurt when you ...more  
Comment by Calgary_AB on Oct 22, 2020 5:20pm
When executives from SoftBank get pissed off they fire the investment manager that did the DD and move on... They understand this investment buisiness, some juniors go broke and some make them money... On top of it, ONLY THE SECURED CREDITORS can reject the deal... Rejecting the deal means they get nothing at all, accepting the deal they get something. You guys are totally out of touch with how ...more  
Comment by bigkagan on Oct 22, 2020 7:16pm
you don't catch my drift - I mean if the deal is rejected the mine will be available to anybody who wants to buy it and Softbank could buy it with all the shareholders included for 25 cents per share or so which is only $200 mil.. The Li deposit is worth billions and you get it for almost free
Comment by Calgary_AB on Oct 22, 2020 8:32pm
you are full of drift and not enough brain... Catch this drift: if there was another offer the secured creditors would have taken it...there is no better offer. even if there was a better offer as per your drift, noone in their right drift would bail out old investors. It makes no sense to pay extra money just so you can share your future profit with failed old investors. NMX needed a clean ...more  
Comment by Calgary_AB on Oct 22, 2020 8:38pm
would you buy a used broken truck and keep the old owners commitments? You and Tcheck woul probably be able to be talked into it :) So you buy the old truck and keep the old owner promisses that every dollar you make with the truck has to be shared with 100 people...so you do the fixing invest money in repair and rebuild and when the truck is ready to work and you start getting an income you need ...more  
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