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Hello! I'm new on this board. I hope we have a lot of fun here! Cheers!
By popular vote I have submitted a ticker and Exchange change to ADMIN for the NIOBF board that will change to NB, NioCorp Developments Ltd., U.S. Exchange.
This newer board will be closed to posting and readers will be redirected to the other, long-standing board.
THANKS for the input, folks!!
Suggestions from an article (link below).
How to Prevent your Shares Holdings ('on NASDAQ') from being Shorted
Q:Why does short selling reduce share prices?
A: To short-sell a share speculators have to borrow the shares in the first place. Once they have done this they need to sell them in the market, and if this is done en-masse it can push the share price of a company down in the short term as there are more sellers than buyers in the market. Hedge funds specialising in short selling may also cause panic in the market by selling lots of shares in a company as other shareholders become worried about the share price plunge. Some companies will blame short sellers for dramatic declines in their stock price. The practice is so controversial that bans on short selling are not unknown and during the last credit crisis in 2008, traders were not allowed to short-sell certain banks and financial institutions.
Most borrowers and lenders of shares are institutions, brokers, etc. Mere mortals can borrow indirectly by using Spread Bets or Contracts for Difference. If you go short, you are effectively borrowing shares to sell for money; if you go long, you are effectively borrowing money to buy shares. Depending on the balance between shorts and longs, the company offering these products may choose to cover the risk by borrowing real shares to sell or by investing money to buy real shares.
Q:What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. And don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps :D.
Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.
In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.
https://www.contracts-for-difference.com/borrowing-lending-shares.html
Renee
I change my vote then to the old board and changing the name to NB so it can be followed in US currency. We are officially a US company and the board should reflect that accordingly.
Renee- I think you are spot on with your subtle reccomendation to keep this NIOBF board (complete with legacy posts, searchability, indexing and quick access) and change the ticker to NB..... I cast a big vote to retain the current MB while changing the ticker..... and be done with it....
PS ..... everyone should speak for themselves instead of having any members suggest they are speaking for or representing others..... a vote will allow all voices, i haven't read thru all the posts on this NB board so it may have already happened....
Thanks!
NCT.... ready for the NSDQ roller coaster ride.... pls. keep hands and feet inside the ride.... woooooooo hooooooooooo
I understand the feeling....
LMAO....good one. I'm going to be posting on the NIOBF location.
We wouldn’t have this problem, if the other board had been put under NB in the first place.. I would not have accidentally created the board looking for something that I would not find LoL
But looking at the bright side, it’s the only day I’m ever going to be able to legitimately post 30 messages for NioCorp
EXACTLY - THIS NB BOARD NEEDS TO BE SHUT DOWN.
Putz created this NB board way back in 2016.
The old board will/should be renamed and we need to continue using it.
Every should NOT be migrating to this board as I personally believe it will be going away VERY SOON / like tomorrow when the new NB on NASDAQ takes effect. iHub should (I believe) only allow one forum per each stock.
im good with whatever happens
this one is tied to the TSX
IHUB will not leave 2 NioCorp Boards for the same company.. they will likely keep the other one with a change in the symbol and shut this one down from my experience.
Tante, I was drinking my morning coffee, Thanks for pointing that out to me! I guess my ‘Nasdaq uplisting experience ‘ with that company got in the way.
Couldn't say it better. NIOBF board is wrought with all kind of trolls through the years. Im happy to forget it but whatever happens, happens.
I also have no problems posting on 2 boards and to keep the trolls on the other board.
MARCH 20, 2023 ~America’s Broken Supply Chain~ WHITE PAPER
How secure supply chains are essential for US national, economic, and environmental security
https://defensecoalitions.org/wp-content/uploads/2023/01/AZDIC-Supply-Chain-Whitepaper-FINAL.pdf
I like NB, Nasdaq, US dollars. Don’t mind the burden of history. It’s spring, it’s a new beginning of all of us invested in NB on the Nasdaq.Let’s go building a mine. There are too many who try to make a business out of the past. Let’s go for the future.
NioCorp is a Canadian company officially.
But I don’t really care if the board shows US funds or not but I still would like to see the consideration that it is a Canadian stock trading in the US
After all it is NASDAQ Canada, I presume
I sat with Ms Beethe at the dining table about 8 years ago at a Town Hall meeting.
For your information, from what I was told last year or the year before, she passed away so your comments are not up to date and the NY Timnes article you posted requires a subscription so I cant verify if she actually made that comment.
The landowner from which Niocorp purchased the primary parcel from does not have anything good to say about the company and the way she has been treated.
Others like Ms. Beethe question whether they got a fair deal, especially in an area where the price of farmland has recently skyrocketed.
“The way I got treated, I hope that they don’t treat the community that way,” she said.
https://www.nytimes.com/2023/02/02/climate/nebraska-mine-niobium-rare-earths.html
That's exactly my thought!
Only the ticker and market place changes; we are still the same company so keep the history together in one place
Yes, fully agree!!
It is dead silent now and indeed; some explanation and clarification of the strategy to the shareholders would be comforting and appropriate
Agreed stark. Many want to call the game before the game has started. NASDAQ by nature will attract investors with larger positions namely institutional investors.
I change my vote then to the old board and changing the name to NB so it can be followed in US currency. We are officially a US company and the board should reflect that accordingly.
I think it is premature to pass judgement on the merits of the deal until this has moved to NASDAQ and we see what happens. Give it at least a month.
There are lots of hard working folks in Nebraska. I’m sure they don’t take kindly to being misled to participate in a merger that has enriched the pockets of the GXII sponsors, while their pockets were being pick pocketed. Unfortunately, the thieves get two seats on the board instead of being charged. It is like getting mugged, then being forced to pay the bail fees and apologize to the assailants.
The people of Nebraska who have invested their hard earned money and time in this project are going to be very appreciative of a New York or California style of justice system.
It doesn't work that way. The only choice is the other NIOBF board that would change to NB Nasdaq or this board, NB on the TSX quoted in CDN dollars.
This NB board can also be affiliated with NASDAQ and let NIOBF expire.
I agree and getting on to either NASDAQ or the NYSE is the only way to garner attention from Wall Street. The OTC and TSX have been "wading pools" for this project. Time for a big change to the Major League's starting tomorrow
As long as readers know that if they choose this new NB board it will be quoted on the TSX in Canadian dollars.
If the preference is to have NB quoted on the Nasdaq in U.S. dollars the other board with over 92,000 posts would prevail.
Sounds like disinformation. Can you provide a link to a credible source for your theories. If not, they are just your own opinions.
Because the end goal was to get listed on the NASDAQ as quickly as possible so they could open the shares up to US Based Institutional buyers........... Only my opinion.
I'm not all that concerned with the two of them having board seats, but I would really like to hear from them why the redemptions were so high. I think they owe us that.
Does anyone have any good idea why Niocorp management would have led us to believe merging with GXII would help shareholders?
The result of the disastrous merger has ended up putting $15 million into the pockets of Dean Kehler and Jay Bloom. They also have two seats on the Niocorp board and we benefited just 5 million dollars. The company could have easily did the 1 for 10 split without them. Niocorp shareholders have literally paid for these two unscrupulous people to be retained on the Niocorp board.
Yep. That should be the direction we go. Keep the old board, update the information so we are listed on the Nasdaq...........
Agreed djacob69. Though I do not live in NE, my parents are from there. Visted there about 100 x throughout my life. Great work effort and everything (except for hotels and rental cars) is much more affordable than other places in the US and people make a good living there and throughout the Mid West.
Welcome to the New World!! Welcome to a Nebraska, midwest, hard-working organization. Cha.....Ching.....
New trading platform, new posts. I have 7,674 posts about NioCorp on NIOBF and have no problem starting fresh on a new message board. There are others like me that feel the same. It should be up to the investors where they want to post.
I know it's a bit confusing but the other board (NIOBF) can change to NB Nasdaq where readers can refer to +92,000 posts or this board can be NB TSX where readers can only refer to 39-ish posts.
LOL.....good one.
Of course. Need to go back to algebra class. LOL!
So far there is one vote (yours) to keep this board quoted in U.S. dollars
and there is one vote on the NIOBF board to keep that board that would be changed to NB Nasdaq after the market closes today.
MD, NB will be the new symbol on NASDAQ which is where the message board should be.
It’s not going to help
I think many of us would prefer a new start. 92,000 posts can remain under the old NIOBF symbol.
I think we have to wait and see how IHUB handles the symbol change since NIOBF will no longer be an active ticker. I suspect they will have a way to keep all the historical posts for the company.
The closing price whether on the OTC or the TSX will be multiplied by 10 for tomorrows opening. The amount of shares held will be divided by 10.
Again, the choice is NB on the Nasdaq that would be quoted in U.S. dollars (the other board) or NB on the TSX that would be quoted in Canadian dollars (this board).
If the choice is to keep this board and have it changed to NB Nasdaq there will only be 30+ posts to refer to, whereas the current NIOBF board can change to NB Nasdaq (after the market closes today) where readers would have over 92,000 posts to refer to.
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