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Also a holder. Finally got funds posted to my account overnight. $2.01 is a tad light compared to the numbers reported in the last few days. Sort of PO'd that as stockholders, we were denied the ability to stay on board and ride the growth of the company, or be given a better piece of the pie for stealing our shares. Feel like taking my break even investment and try to re-invest in the new company and hopefully continue to ride the profit ride into the future. Any ideas on the name/ticker of the new company, or is it going totally private???
Just checked account and money is there. Looks like we got 2.007 dollars for each share. GLTA
Yea, mine says it takes a little longer to process when its a international exchange. Hope it gets there by tomorrow. Looks like it will be about 2.00 dollars a share USD. Had high hopes this would have sold at 3 dollars or more.
Broker says money should be in account(s) today, with shares removed.
Please let me know what you learn. I will do so for you as well.
Same here, my account lost 50k today and I don't see the money from the buyout. Has to be from delisting the stock, going to call my broker tomorrow to make sure everything is ok.
SEC should have something to say as well.
I need to call my broker tomorrow. My LIXXF is showing 80 -90 percent loss as of yesterday. Where is our buy-out money?
LIXXF FINRA Deleted Symbol:
Acquisition/Merger
http://otce.finra.org/DLDeletions
"The Company’s security holders received cash consideration of $2.61 per Share for each Share held."
I hope someone responds to your question, as I am in the same boat.
Does anyone know if stockholders are required to do anything when a buyout like this happens. Never been a part of something like this. I don't know if the money just shows up in your account or if you have to file some paper work.
Lithium X Responds to Share Price Drop Caused by Its Buyer, NextView's Default on Its Payment Obligations to Bacanora Minerals
LINK: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1832-tsx-venture/lix/43106-lithium-x-energy-update-on-completion-of-plan-of-arrangement-with-nextview.html
Bloomberg: Giustra-Backed Lithium X Plunges on Doubts About Chinese Buyer
LINK: https://www.bloomberg.com/news/articles/2018-02-28/giustra-backed-lithium-x-plunges-on-doubts-about-chinese-buyer
Lithium X's Buyer, NextView Capital, "Fails" To Send Proceeds Of Bacanora Minerals Placing
LINK: http://www.iii.co.uk/alliance-news/1519825442573704500-3/nextview-capital-fails-to-send-proceeds-of-bacanora-minerals-placing-alliss-
odd...may have to wait for the first week in March to know...
But with a price drop like this you'd think some news would come from the company...and their phones should be ringing constantly...? what happened.
From previous post.. "the Company expects the remaining funds will be wired to the depositary during the first full week of March, 2018. The Company expects that the Effective Time for completion of the Arrangement will occur the day following the Depositary’s receipt of the required funds.
I agree, very strange for people to sell now at this price. Someone must know something we don't.
LIXXF...Something strange going on here...some kind of breakdown in the buyout that was approved Feb. 6...?...$funding?...Court not agreeing?...
...or some algoBoT trying to fake everyone out...
PRICE almost went back to $1.70 Buyout news Dec. 18...
C$2.61 buyout is USD $2.08/2.06...which is where price has been sitting until recently...=google search 2.61 Canadian dollar = U.S. dollar
http://www.lithium-x.com/news-release/effective-date-for-completion-of-plan-of-arrangement-with-nextview-new-energy-lion-hong-kong-limited/
The reverse break-fee of C$20 million, an amount that is significantly higher than the market standard for break-fees, is being held by the depositary in Canada and the Company expects the remaining funds will be wired to the depositary during the first full week of March, 2018. The Company expects that the Effective Time for completion of the Arrangement will occur the day following the Depositary’s receipt of the required funds.
http://www.lithium-x.com/news-release/lithium-x-energy-corp-announces-securityholder-approval-of-plan-of-arrangement-with-nextview-new-energy-lion-hong-kong-limited/
Completion of the Arrangement remains subject to, among other things, final approval of the Supreme Court of British Columbia, with the hearing for the final order to approve the Arrangement being scheduled for February 7, 2018. The Arrangement is expected to become effective on or about February 14, 2018. ????... last 2 days price has taken a big % drop...
Daily Chart...
Any warrant holders here? I was wondering there was anything scheduled for warrant holders to have a call before the feb 6th call with the company?
It does look that way. They should be announcing something soon
I’m assuming that the buyout is going to happen? I haven’t heard anything about the vote.
Considering I am in at 0.65 I am in good shape but I had hoped We would see $2 or higher by now.
I like the way you think. With the future of lithium looking so bright, I just cant imagine bringing an offer like this to the stock holders. I had high hopes for this one, management failed big time.
Agree.I like $5 instead minimun with other comparables. it is sweet deal for insiders but not for me as south america are risk free to me and nevada investment has and plant approved and production in plans. They are not paying for any of the risk exploration in the past or present. Greed is good so $5 . i just send my ballot with a denied for the merger
I hope everyone thinks hard about this buyout, with the market for lithium
going up this offer is very low. I would think somewhere in the 3.50 usd range would be more accurate.
read the buying companies proposal I suppose
How do I get $2.61 for my shares?
I think I read the buy out offer was in Canadian money also. That seems like a ridiculous offer to me.
Shareholders not buying the buyout.
Holding strong at $1.90 after the .30 cent PPS spike after the buyout PR.
I take that as good.
This buy out offer is laughable.
BOUGHT PRICE IS IN CANADIAN MONEY?
Oct 2, 2017 Article - Asphalt helps lithium batteries charge faster
A touch of asphalt may be the secret to high-capacity lithium metal batteries that charge 10 to 20 times faster than commercial lithium-ion batteries, according to Rice University scientists.
https://phys.org/news/2017-10-asphalt-lithium-batteries-faster.html
How does this work since Nextview is not a publicly traded company? If I buy thousands of shares at the closing price of today at tomorrow's opening will they convert to $2.61 a share. How does this work?
I just love my picks. LOL!
$LIXXF
NextView to acquire Lithium X Energy Corp.https://finance.yahoo.com/news/nextview-acquire-lithium-x-energy-180200739.html
Yep, money to be made...takeover bid at $2.61. Anyone here ever heard about the "super fuel" they supposedly found on their Argentina land?? If it was reported correctly, I was looking for a price that was MUCH HIGHER than currently offered.
Always money to be made here. $LIXXF
Lithium X closes the Orocobre Agreement acquiring 100% control over the Diablillos Basin Brine
https://finance.yahoo.com/news/lithium-x-closes-orocobre-agreement-130000330.htmlhttps://finance.yahoo.com/news/lithium-x-closes-orocobre-agreement-130000330.html
Lithium has investors in a ‘frenzy’ — and soon you’ll be able to trade it too
Ryan Browne
CNBC October 4, 2017
Sorry for my type o.
This is a long term hold. As the electric car developed, this commodity should follow.
With it being close to the Tesla battery plant it just may have some advantage over the other suppliers.
This is a hot commodity along with cobalt. I think we have some good prospects here.
October 13, 2017
LIXXF Just Got Full Control Over the OBL Motherlode
By Dr. Kent Moors
Keep an Eye On:
Wed.: EIA Petroleum Status Report
Thu.: EIA Natural Gas Report
Fri.: Baker-Hughes Rig Count
Follow Kent
The OBL Revolution is imminent.
Demand for OBL (or lithium) is spiking, as lithium-based batteries become more and more common in cars and power grids all over the world.
Sooner than some might think, lithium-based batteries will become standard issue.
Here in Energy Advantage, we know, and we've been tracking this trend closely. That's why we're already positioned to profit...
The main pick in this area is Lithium X Energy Corp. (LIXXF), which we've been following since April 10, 2017.
This tiny mining company was working on developing and eventually mining lithium deposits in the U.S. and Latin America.
Well, Lithium X just announced that it now controls 100% of the mineral rights in the South American Diablillos basin.
Shares jumped 7.89% on the news, putting the position up 16.15% since we added it to the Energy Advantage Portfolio.
With complete control over the Diablillos basin, Lithium X is in an amazing position to begin lithium production.
And with news from China suggesting the government there might require new cars to be partly or fully electrically powered in not too long, Lithium X's production can't come soon enough.
Sincerely,
due a little diligence and find out, the common denominator is Elon Musk, ever hear of him?
how does that help lixxf? sounds like bs to me!
Tesla Semi Truck debut is officially set for November 16
https://www.slashgear.com/tesla-semi-truck-debut-is-officially-set-for-november-16-06503097/
Musk is delaying the semi's debut` to divert resources in helping Puerto Rico
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