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Bullboard - Stock Discussion Forum Gratomic Inc V.GRAT

Alternate Symbol(s):  CBULF

Gratomic Inc. is a Canada-based exploration and development stage company with projects in Namibia, Brazil, and Canada. It supplies graphite and is engaged in the electric vehicle battery supply chain through the development of its flagship Aukam graphite mine and ongoing exploration at the Capim Grosso property. The Aukam property includes a mining license (ML) 215 (5,002 hectares (ha), in... see more

TSXV:GRAT - Post Discussion

Gratomic Inc > Seedy
View:
Post by GabeBuffet on May 20, 2022 1:15pm

Seedy

we're talking in circles, we agree to disagree.........

Also, NOU only has 55 million shares outstanding for good reason...you wanna know why? I shouldn;t be explaining this to you...you are very aware...stop with the games....Also, as I alluded to earlier, NOU doesn't have a processing plant? NOU will have to sell shares to investors to raise captial....

Nouveau Monde Graphite (TSXV: NOU) this morning announced that it has been granted shareholder approval for a share consolidation. The consolidation is being sought as the company looks to pursue a listing on a US stock exchange.

Having received shareholder approval from 98.43% of shareholders, the company will now be implementing a one for ten share consolidation, or reverse split as its more commonly known among retail investors. The consolidation is to take effect today, with shares to begin trading on a post-consolidation basis March 31, 2021.

The reverse split will effectively see the currently outstanding 370,558,932 common shares reduced down to 37,055,893.

Nouveau Monde Graphite last traded at $2.06 on the TSX Venture.

Comment by SeedsofDoubt on May 20, 2022 1:52pm
Gabe, Grat did exactly the same thing, Consolidated, then diluted again
Comment by IsitTrue on May 20, 2022 2:35pm
Seedy, Gabe must have forgot...Grat Cosolidated 2 times, then diluted again and again lol
Comment by Investir on May 23, 2022 5:30pm
Yep I agree. Gabe is truly Seedy. Need a good kick to the "Seedy" to bring forth truth
Comment by Alpha007 on May 24, 2022 9:58am
Idk why people keep bringing up this company for comparison of price/valuation, I did just do a little research on them and I was right...the companies are completely different in terms of model plan. NOU has 150,000 tonnes per year plan...Gratomic has 20,000. So it makes complete sense from just a market standpoint why NOU is valued 5x more than Gratomic. Literally no other reason. Shares ...more  
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