Post by
1student on Mar 08, 2024 11:05pm
"Fronted" The Purchase of NeoGraf & The D&O Insurance Policy
During an interview Hugues Jacquemin clear stated a party or parties were brought in to "front" the prior puchase by Edgewater Capital Partners of NeoGraf Solutions LLC from Aterian Investment Partners.
Such a "fronting" of the purchase of NeoGraf Solutions LLC from Aterian Investment Partners was suggested as having been arranged so as to specifically allow Northern Graphite Corporation to come in on that transaction and secure the infamous option to purchase part of or the entirety of NeoGraf Solutions LLC equity.
I am sure everybody and their cousins can remember the very disgustingly conveyed announcing of NGC having secured the option in question, a transaction which served in annihilating the NGC.V share price and diriving of the NGC.V share price down to the 52 week low of $0.16.
The reason I bring this up yet again is multifold and serves to point out a most specifc question, It's a question which I asked here immediately upon finding out about the securing by NGC of said option to purchase part of or the intirety of NeoGraf Solutions LLC equity and is a specific question which had quite intentionally never been answered in any way for NGC "minority" equity investors by Hugues Jacquemin & Co.
Although. I do suspect some family and "friends" know precisely what was promised to the party or parties having been brought in to "front" the purchaseing by Edgawater Capital Partners of NeoGraf Solutions LLC from Aterian Investment Partners.
That question being what precise guarantees, monies, assets or specific assurances did Northern Graphite Corporation representatives provide, either personally on behalf of "the company" to and for those who did, as Hugues Jacquemin clearly stated, "front" the purchase from Aterian Investment Partners of NeoGraf Solutions LLC, as had been facilitated by Edgewater Capital Partners?
There is absolutely something most specific owed by Northern Graphite Corporation, on behalf of it's minority shareholders as well, to the party or parties having gone to all that financial hardship in making sure a "fronted" purchase by Edgewater Capital partners of NeoGraf Solutions LLC could and did in fact take place.
Does Hugues Jacquemin and do the other officers and directors of the company actually believe that not having elected to exercise the option to purchase part of or the entirety of "NeoGraf" equity somehow excuses them of having to come entirely clean with the bleeding specific and various details involved with anyting to do with said previously secured option?
Think again Hugues Jacquemin et al.
FYI: Should it be discovered, and I am not suggesting that it certainly would be discovered and corroborated and verified, that current insiders of the corporation, e.g. related parties to the corporation and/or related parties to certain investments controlled by or on behalf of certain company insiders did not have "the company" declare and therein immediately disclose, as is necessarily required by regulatory authorities, their involvement on behalf of the insider or insiders in question in participating in the private backroom dealing amongst those who facilitated the "fronting" of said purchase and consequentially the securing of said option to purchase, I would be quick to suggest such specific insiders would have some very serious explaining for regulatory and enforcement representatives to provide.
If you, Hugues Jacquemin et al, believe that the Directors and Officers Libaility Insurance policy will cover proven to be intentional professional malfeasance on the part of "company" representatives or company agents, ultimately leading to and resulting in the experienced financial losses incurred by or on behalf of certain impacted NGC "minority" shareholders, you should read the terms and conditions with respect to "Liability Coverages" owned by and on behalf of the D&O Liability Policy insurer and ultimately the underwriter of said insurance policy.
Enjoy your weekend Hugues Jacquemin et al.