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A default is actually something positive for Alessi...
Source Wikipedia
Default judgment is a binding judgment in favor of either party based on some failure to take action by the other party. Most often, it is a judgment in favor of a plaintiff when the defendant has not responded to a summons or has failed to appear before a court of law. The failure to take action is the default. The default judgment is the relief requested in the party's original petition.
Default can be compared to a forfeit victory in sports. In a civil trial involving damages, a default judgment will enter the amount of damages pleaded in the original complaint. If proof of damages is required, the court may schedule another hearing on that issue. A party can have a default judgment vacated, or set aside, by filing a motion, after the judgment is entered, by showing of a proper excuse.
That figure is DEAD WRONG. FINANCIAL DEBT TOTALS 38.5 MILLION DOLLARS.
ABSOLUTELY FALSE. Gross financial debt amounts to 38.5 million USD.
Alessi. Default from a legal point of view, not bankruptcy. Same is expected to happen here in the next days.
Can you please disclose the people you have talked to?
One of Alessi's plays received the notice of delivery of default recently...
Most of the debt is held by Canadian authorities.
BDC CAPITAL = GOVERNMENT of CANADA
https://canadabusiness.ca/programs/bdc-capital-1/
Alessi has already received the notice of entry of default on other symbol. AAPH should be next.
Strange. No changes so far. It should be close to default by now.
Many thanks. This is more than enough.
What is your take on the final outcome of this affair?
Yes but keep in mind that he is a day trader.......
It was StockBard but I don't know his user on Ihub.
Just checked. No changes.
This is a well reasoned post with valuable contributions. What does this mean for us shareholders? Can you please further elaborate?
Just because the 2 bidders have withdrawn their bids, it doesn't mean they are not interested... On the contrary... They will have to compete now with more interested bidders
Dismantling the company now doesn't make sense when they have made a huge progress in 2017 and as per the last conference call we know that they were making even more improvements in their turnover and profitability. This company has a lot of potential to succeed.
I doubt it. That plant is worth a lot more on an ongoing concern basis.
The value of the plant equals the debt...
We just need a bidder for the rest to come back...
Fine, there is still some value left... Quite a lot actually
I agree with you.
Conversion of debt to equity by the public creditors...
There is an option nobody has considered and could be a game changer......
Notice of default not in yet. It must be close.
Notice of default should have been filed by now. With it, next level up.
Can you please post a screenshot?
Hello, I would be very interested in knowing the story of that case. Thank you.
No, the market will sweep them. The buying pressure will be unbearable.
That's nonsense. You normally allow for some leeway to expand the business without the need for a huge CAPEX. It's common sense.
You haven't understood... I am talking about an increase in production on top of the current production capability... Not in terms of the current production levels...
Plus carbon footprint saving and the potential to increase production by +20%
That doesn't mean they will not bid for BIOAQ...
Plus potential to increase production by +20%
Ability to expand production by +20% and negative carbon footprint... This is HUGE!
0.50 is peanuts. Are you crazy? This is worth dollars.
Compañero, esto va a valer dólares.
Great advice.
I agree with you that we will see at least $1. The bidding process will be very competitive.