Bankrupt and Distressed (BAD) Research and Due Diligence

[Enterprising Investor]

CTLUF: Catalyst board of directors recommends support for recapitalization transaction (1/14/12)

Common stockholders would own 0.5 percent.

[...] common shares will be issued such that 99.5% of the common shares are held by the current holders of the existing Senior Secured Notes and Senior Notes as described above. The remaining 0.5% of the company’s common shares (subject to dilution from common shares issued to holders of warrants) will be held by holders of the existing common shares, provided that the recapitalization is implemented under the CBCA.

http://www.catalystpaper.com/media/news/community/catalyst-board-directors-recommends-support-recapitalization-transaction

Stock Board:
http://investorshub.advfn.com/boards/board.aspx?board_id=23170

Debt Board:
http://investorshub.advfn.com/boards/board.aspx?board_id=23154