To get to the Nas, Nio will be looking for a cushion of 10 minimum to achieve. Assuming the price of Nio stays at these levels, they will need to do a r/s of 1/11 minimum. Your 100000 shares of NIOBF will reduce to under 10,000 shares in the new merger. Niocorp opens at 10 and drops to 7 within weeks on zero support of the stock and the likelihood that institutions will want in cheaper to get shares. Panicked longs will soon dump their shares as well. Stock settles down 35% and your investment has been severely hurt. Now you own say 9100 shares at a price of 6.5 a share with 3.5 years to construction. Company still needs a ton of debt financing to get to the finish line. Mark will ask his associates on Wall Street to do an equity raise to get more money in the coffers. Question is where to they do the equity raise.
Is is not a question of the ratio of equity/debt. It is the amount of shares that you will own if you are a Niocorp shareholder post merger. You have the same amount of dollars but your shares have been literally wiped out. We need a much better deal from management to make it worthwhile. I believe Mark is tired of financing both Nio and IBC. It is too much for him. I think the world of him and will always do. First class gentleman who has worked tirelessly for the company. He just ran into extreme headwinds and the project is massive.We all thought Lender A was the savior and I believe they promised Mark it would happen. The fault lies mainly with them but there is nothing you can do about it.
Market Data 
Markets 
AI
