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Re: CCBA post# 44675

Wednesday, 04/26/2017 9:20:41 PM

Wednesday, April 26, 2017 9:20:41 PM

Post# of 48142
Reverse split and delisting minor issues now. Opus gave them a April 28 deadline or they might pull the plug which would trigger a cross default on the entire debt stack. If I were the lender I would put it under immediately so they can use the remains cash on the balance sheet to work the Chapter 11,7, CCAA, or receivership.

Having said that I think Opus Bank is dumb so they might just extend it.

All that matters now IMHO is survival.

Frankly I don't see how they can survive without a restructuring.

All IMHO and speculation only.

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Caller: But why did you back away from your prior guidance?

Eric Kelly: I am sorry? Hello?


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