Replies to post #99232 on Niocorp Developments Ltd (NB)

[tedro84]

Your diligence on the SPAC deal has been exemplary and you should be commended by the board for providing this level of detail.

In your opinion, would it be fair to categorize this deal as risk free for the founders and anchor investors? Or more than that, was it guaranteed profit?

I have not done near the amount of research on this deal as you have, but I’ve researched the details of previous deals that NioCorp had made with various parties extensively, most specifically the offtake agreements and various funding agreements.

I can’t think of a single agreement where the counterparty to a Mark Smith deal assumed any risk.

[Dead On Arrival]

That is some serious due diligence. If what you stated were true as far as the anchors selling their positions out( they must have taken losses) but earned goodwill with the snakes. then the other side of the merger has a 100% free ride.Not one shareholder or the team and advisors at Nio saw this coming.

Hats off to GX and the middleman that dragged Niocorp into the gutter. Reminds me of Gekko and Bud Fox dealing with Blue Star Airlines. I am now so happy I liquidated my position before the new combined shares started trading on the NAS.

Your post should send shockwaves through the shareholder base. Ripped off in a merger, anchor investors unload immediately(still need to verify),Kingdon PP questionable, and Yorkville doing what Yorkville does. Never in a million years did I think this would ever play out as it has.

[LCP77]

Wow. That is a lot of non-insider, non-reporting $.003 cost shares that become free trading in 7 months.