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Agreed, I had a discussion with a couple shareholders over the holiday weekend who are considering filing a complaint with the State Attorney’s office. I would certainly recommend that over the Pomerantz firm.
Pomerantz Law Firm is currently working with investors on a lawsuit. The continuing missteps from management are not good for them at this time.
We were told that the updated FS would be completed in 2023. The deal with Stellantis was to have been announced by now. The final results and economic results of the demonstration plant are still not known and there’s only 33 days left in 2023.
Sadly, because of management’s constant failures, we are likely going to close under $100 million market cap this week. I really can’t understand how such self declared veterans of the mining industry continue to exhibit such incompetence.
The actions of Mark and Jim are certainly not helping them with pending litigation. They’re under a microscope now. I am thinking they’re having much regret for having convinced shareholders to join GX.
The failure of the “deal” falls squarely on Mark’s shoulders. He is the one responsible for failing to do the due diligence of the “deal” and to ensure that a minimum amount of equity would have been required for the deal to proceed.
Absolutely disgusting that we are at a decade low and have to give away equity at these levels to keep the lights on. It’s almost as if management’s poor performances and continuous missteps have been intentional to get the retail investors out and usher in the institutional investors 🤔
I sure hope that the retail investors that go to the AGM on January 19th gives management the ass chewing they deserve. Their poor decisions have resulted in this 10 year low.
No one here is SAYING there was $200 million in the bank! They could have issued an amount of stock to investors at $10, 25, 50 million, etc. etc. to finish the feasibility study, do detailed engineering, operating expenses, etc., etc.
Instead, they go to GX for a “deal” that we were told was to bring working capital into the company. That deal failed miserably and ended with zero net capital and has since cost us over $250 million in market cap!!!
I tire of your ignorance. Where do you think they recieve the money to continue to operate?!?!?
Management have received millions of dollars in salaries, benefits and bonuses from investor’s private placements.
Myself and other investors have sacrificed a hell of a lot more than the two new board members from GX ever has!!! You keep putting management on a pedestal when they continue to fail time and time again. It’s disgusting that they rewarded themselves ridiculous raises and bonuses this past year with the poor performance they’ve had!!! !!!SMFH!!!
I certainly do know what a stock shelf registration is. The company needs money to complete the feasibility study and detailed engineering for the project. We gained zero capital from the GX deal. We are more than 70% below or 52 week high. I don’t think you understand dilution.
A shelf offering allows a company to register its securities with the SEC but then delay putting them on the market for a period of up to three years. This provides some advantages, as the company can time the release of its securities, ideally aligning the issuance with favorable market conditions.
This would be a great time to get in if this is the bottom. I still can’t wrap my head around why Mark did not utilize the $200 million in shelf registered shares when we were well above $10.00 ($1.00 pre reverse split) for quite awhile.
We better hope that the EXIM loan comes before any equity deal at this point. Otherwise, we are going to get screwed with dilution.
Oh wow, what a pathetic comment with zero substance. Why not try being an adult and explain to everyone here what positive things have come from the GX deal. You claim we have EXIM approval and that is not true. We are under consideration and that could have happened without the GX deal.
What does Niocorp and Celularity have in common? GX SPAC deals with Dean Kehler and Michael Maselli. This comes with a plummeting share price and late filings with the SEC. It’s as if these guys are the grim reapers of NASDAQ. We need to rid the company of these two ASAP. They have brought nothing to Niocorp investors except total despair.
https://finance.yahoo.com/news/celularity-inc-announces-receipt-nasdaq-181500263.html
Happy Thanks Taking us to the cleaners (GX Scumbags) Mark and Jim. Hope you are enjoying your holiday meals with your families while the rest of us struggle to find a reason to keep supporting you, pay your salaries and ridiculous bonuses for NOTHING in return!
Yeah, don’t you remember nearly 2 years ago when Mark was on Fox and our stock hit $15.00us ($1.50 before reverse split). Now we are at $3.50 (a mere .35) and not even worth mentioning on Fox News.
It’s absolutely pathetic to see how far this company has deteriorated since they made the horrendous deal with GX. We are at the equivalent of 27 cents from 10 years ago when adjusted for inflation. Just let that sink in…….but…..
Wow, Niocorp management never fails to disappoint. The only problem with the project are the clowns who are running the circus. Everyone thought Mark was a ring leader, but he is just the clown president.
I wonder what the clown sidekicks Always Oblivious and Walnut will have to say about the FS being pushed into 2024? I’m guessing Alway Oblivious will scream DISINFORMATION and Walnut will claim that management is not to blame for the delay.
It’s time to show these clowns the exit from the big top. No more raises for the pathetic performance they continue to give either! The only thing Mark and Jim have succeeded at is to convince investors to keep them fat and happy over the past decade.
You can attribute that failure on the incompetence of Niocorp management. They seem to sleep well at night having bled shareholders of their savings over the past decade. It’s rather nauseating that they’ve siphoned off millions of dollars from investors and they have become increasingly dismissive of the concerns that investors have. We are well below our decade low, especially when inflation is figured.
I believe a formal investigation will be made that will uncover the connection between Lind, Yorkville and GX. Follow the money!
Where is you proof that BDO was responsible for the delay in filings? If the Niocorp did not produce the financial information needed, they can not do their job. Given Niocorp management’s history of not meeting their obligations and timelines, I find it hard to believe the delays in the filings was the result of BDO.
Yes, It’s a bad thing that the company did not see this coming.
Yes, it’s a bad thing that they did not have a contingency plan in place in the event that this did happen.
Yes, it’s a bad thing to announce the AGM and cancel 8 days later because they failed to meet yet another self imposed deadline.
You believe this is all a good thing?
I know that and the majority of every other investor here knows that, but the likes of Always Oblivious continue to hold management up on a pedestal even while they look down and spit on him. Why do a handful of people continue to deny the truth?
It’s not an opinion Always Oblivious.
Either you believe DPO made the decision to drop Niocorp or you believe Niocorp dropped DPO and are so incompetent because they failed to have another auditor to take their place. Which is it?
Niocorp management never fails to disappoint.
It’s your hope…..lol The news release clearly states “The new date provides the Company with additional time to complete the process for selecting a new external auditor.”
BDO clearly dropped Niocorp. Niocorp did not drop DPO. That is unless you believe management are so incompetent as to not having another third party auditor selected before firing BDO. I suppose Niocorp management being grossly incompetent is believable as well.
Either you believe DPO made the decision to drop Niocorp or you believe Niocorp dropped DPO and are so incompetent because they failed to have another auditor to take their place. Which is it?
Sure, that’s real funny shit for anyone who made travel arrangements to be there for the meeting.
It’s been a year now since Mark and Dean came to Nebraska to display their dog and pony show for the local investors there to convince everyone to vote for the deal. Pathetic how they managed to manipulate everyone into voting for that horrid deal that netted zero in capital and has cost investors more than $225 million dollars in market cap in a year! Who is going to the stockholders meeting on the 29th of December?
What in the hell is going on with the demonstration plant?!? Where are the economic results of the resource?!? Maybe they can get a news crew from Mexico, China, Iran, Syria, Germany, Africa, Russia, India, or the EU to give us some traction.
I haven’t picked a fight with anyone, including yourself. I’ve simply stated my case in regards to the piss poor performance from Niocorp management. You’re the one who felt the need to run your co**sucker and attack me.
Explain in detail as to WHY you feel management deserves way more……we’re at decade lows, they’ve been playing around with a demonstration plant in Canada for two years with no documented proven success, they’re on their third, YES THIRD, Feasability Study.
Don’t get me wrong, I believe in the project, but I don’t believe Mark Smith and his team are the right stuff to make it happen. They’ve missed the “mark” too many times. Soooooo, explain to everyone here reading the board as to WHY you feel management deserves WAY more.
Slander, there’s no slander in pointing out what is black and white. Fine, you can spend all your time, money and energy by berating other investors who are sick and tired of the BS. You just keep looking the other way while management keeps giving themselves raises and bloated bonuses.
Awwwww look, another child with his fingers in his ears screaming “NANNA, NANNA, BOO, BOO, STICK YOUR HEAD IN DOO, DOO”
Pretty pathetic how you keep praising management for their failures going on a decade now. Be a man and stop screaming “NANNA, NANNA, BOO, BOO, STICK YOUR HEAD IN DOO, DOO” You sound like Always Disillusioned.
I remember you Dumfuk. You were on here before the proposed merger with GX and proclaiming what a great deal it was going to be. The majority of people on here remember all your grandiose comments as well. You’re as credible as Mark Smith……LMAO
Everyone here that invested in Niocorp “BELIEVED” in Mark. I got involved in the stock because I bought into their BS. I certainly never expected to make a quick profit, but being at the same SP we were at 10 years later is an absolute disgrace.
I’ve never heard Duke “bash” the project. Management is receiving the hostility from several investors due to their constant failures and missed calls that they made.
Probably the most honest post I’ve read in quite awhile. I’m a long term investor and I thought I knew it all. I bought into all the hype that Mark spewed. Unfortunately, Mark never fails to disappoint. How about that Stellantis deal that he is expected to be announced weeks ago? Investors have become numb to the constant failure to execute on their goals.
The Niocorp management team have no shame by giving themselves significant raises and bonuses for poor performance. Investors have many reasons to be disgruntled.
Yes, it looks awfully bad to the majority of long term shareholders. I can not understand how ANYONE can defend management at this point. One bad decision after another are not worthy of significant salary increases and bonuses. I hope any investor going to the AGM calls mana meant to the carpet. They’re clearly not having an open presentation/conference for investors to entertain questions after tue AGM.
The only ones that are turning the board into a shit show are the handful of clowns that continue to hold management on a pedestal despite their constant failures. It is reprehensible of management to give themselves the raises they did last year given the awful performance resulting from their decisions. There are a large majority of shareholders that are fed up with the excuses.
Oh boo hoo. It’s sickening how a handful of people on here that continue to blast anyone for calling out management’s constant failures.
PC is not one to get any DD from. He has his head so far up management’s arse that he knows what they ate for lunch my 1pm
I’m guessing they will have metal detectors before entering the building and bodyguards giving full body pat downs. Pathetic what these clowns are making for their incompetence
Wrong, “BDO USA, P.C. (“BDO”) notified NioCorp Developments Ltd. (the “Company”) that it has declined to stand for re-election as the Company’s independent registered public accounting firm”
https://cbonds.com/news/2533649/
Niocorp did not notify BDO of the decision to sever ties. Mark and Co have certainly shown that they are incompetent, but do you believe that Mark is so grossly incompetent as to sever ties with the accounting firm without having a contingency plan of having another take their place? Either way you spin it, you can’t spin it to a positive for management.
If you want to have credibility. Then explain why Mark and Co would not have had another auditor to take over from BDO?
You are proclaiming that it was the company’s decision to not re-elect BDO as our auditor. If what you’re saying is correct, this would just be another example of the gross incompetence of Mark. Don’t you agree that if the company decided not to have BDO as our auditor that they should have had another auditor set up to take the place of BDO?
Mark doesn’t have a very good track record of making good business decisions on behalf of investors, so I guess it is possible that he really is that incompetent.
BDO did not manipulate investors into a horrific SPAC deal, take 10 for 1 of investor shares and plummet the stock into decade lows. I’m guessing that crayons are one of your favorite things to eat.