Member Info for cringsing

@Ivillian

This one is nowhere near the floor.

They have never demonstrated capability of producing the promised product in automated production.

They have never demonstrated capability to produce the promised quantity of the product.

They have no more money.

Let’s talk flooring in 1 months time…

So George is in China, inking his new employment contract with the new owner ?

@ACKER

“How will Prem pay this accrued debt ? “

By handing over the keys to Canmax, and issue an RNS to all holders saying that it was nice of them to hand over their money over the years…

Most LTH will feel they lost everything. In reality they didn’t. They paid for an experience which are all too common. No learning is truly free.

In years to come, current holders will ponder over who kept the excessive optimism going for so long ? Did GR himself instil all that confidence, or did he have help ?

@Raaydaar

I agree with most you say, but have to disagree on your recent post.

The price of lithium is in the case of PREM utter irrelevant as there has been no proof (at all) that they can produce viable quality in quantities.

Say, it is discovered there are mega diamonds on Mars, and I set up a publicly listed company to produce them, without a workable blueprint as how to get hold of them, other than me theorising that is ought to be possible. In that case (also) the price of diamonds is totally irrelevant, and ONLY serve to confuse investors to think the price is the pivotal factor, when in reality is comes down to whether I (or Prem) will ever get to Mars before money and investor confidence runs out. So a high/low Lithium price now matters f-all. Discussing it is just misdirection from what the real matter is - no production and running out of money with speed of light…

Well WWT, I guess he convinced you too ?

If it could have been done, Stark would have done it obvs.

Well done by GR for keeping the illusion going…

Has a single gram of PREM spod been sold yet ?

This is how GR works…

When GR says “I am confident in bla bla” there is a 40% of whatever he is confident in, will actually happen.

When GR says “the supplier is confident in bla bla” there is a 5% chance that whatever the supplier is confident in will happen, but more importantly, GR (the CEO) do NOT believe it at all, as he otherwise would have adopted the confidence, and said that he himself is confident..

The next big drop will be when GR issues an update blaming the supplier for being overly optimistic and not doing what they (to him) had promised. We all remember the Stark nonsense….

I am (luckily) out, and for those of you remaining in, I admire your courage…

Acker,

Most companies who have had successful futures, also had successful pasts…

I think few will disagree that PREM isn’t one of them companies, why your efforts of posting some near 20.000 posts re PREM is rather peculiar.

I guess somebody got to keep the bottom feeders enticed and ready to part with more cash at will….

GR’s chance of getting additional headroom is about the same chance of Biden becoming next US president, now after having pulled out of raise…

GR have been consistently over-promising and under-delivering for at least 18-24 months now, and this vote is the first opportunity in a long time where people can punish the CEO who repeatedly have ignored calls for him to stand down.

Nobody knows if the motion will pass, but GR has (again) designed a win/win for himself. If motion is passed, he’s pay cheques for a while yet is secured. If motion isn’t passed, the fate of the company is in the hands of the creditors where Canmax (I assume) is the largest. I am 99% convinced that the future of this operation is already sealed, in becoming a 100% CanMax owned entity, and LTH left with nothing. That would have been brilliantly played by GR and Canmax, which levered LTH’s risk appetite whilst risks were higher, and now can squeeze shareholders out by this nifty manoeuvre, of asking (again) for more money. Whether a new headroom will pay money owed to the CEO matters nothing. He will obvs be made whole by CanMax when they (now or later) take over the operation…

Has none of you ignorants wondered why Canmax has not made more of a fuss over the haphazardly progress we have seen, and now even facing running out of money ?? Well, they know there is no risk to them. On the contrary…..

AIM strikes again !!!

@Sharebel

Thank you for putting it out in clear terms.

Your post ought to show up on the screen on. anybody about to enter a buy trade on PREM, and in my view have a tick box stating “Yes, I confirm I’m rather dim, but responsible for my own actions”

The motion will obvs NOT be passed.

The sheer quantity of broken promises and entirly wrong predictions from the CEO will NOT be rewarded with more money for him to spend.

He should have listened and found a replacement when people started asking him to exit.

Although there is high levels of gullibility on this board, I am sure the majority have enough common sense NOT to allow GR effectively printing himself more pay cheques for shareholder money.

As the motion require 75% it just wont happen, as a lot of PI’s have already written off their losses as momentarily stupidity.

The stink of shareholder death is getting quite strong here.

Stop blaming Acker. He will have made tons of cash in the race to the bottom.

Bottom feeders regrets in full view…

If you think Canmax and GR will loose out in case of a collapse, stop trading shares as it’s not for you.

Buy some lotto coupons instead…

AIM is for grownups….

Amazing to think we months ago were hours & days away from producing and selling. The gullible will be misled.

Stop blaming others, other than the boss ! The rest of us is here to make money - one way or another. Including of each others gullibilities. And there is no law against that.

There will be no 2bn shares. If Canmax wanted PREM to survive as an independent company, they’d obvs just put the $2m up themselves, but it’s way smarter to let the limited company die, and Canmax take it over as the largest creditor…. GR knows that loads of holders can’t be bothered to vote for yet another dilution of their own shares.

Nobody smart hold this stock any longer. The game plan is clear.

1) The vote wont pass 75% (not in a million years)

2) Prem no longer going concern

3) Creditors will file bankruptcy, Canmax included

4) Canmax, largest creditor will be given the plant in lieu of money owed

5) Roach will become CEO of Canmax - Mining

6) bottom feeders will not be fed.

George is playing all holders here, now asking all holders to vote for more pay cheques for himself :-))

Using a threat of company closure to raise more money says it all. He has your balls squeezed, and knows you can’t resist to allow him yet a bit more money.

Do you all really think that Canmax would let the company go down, if they could stop that by lending PREM just $2m ?

UNLESS of course, that always was part of the plan. No way they will get a 75% vote, Canmax will end up taking over the plant, and GR will be the CEO of a 100% Canmax owned operation.

Most people have already lost too much money to care about PREM going tits up.

not often does it happen, that you only with an enormous amount of luck, may recover some of your invested money, but where the (by far) predominant outcome is that absolutely everything is lost.

my guess is that gr in next rns will blame the drought for the lack of progress.

#bull****allalong

Progress Report:

zzzzzzz……

Regards

Prem management…