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SMH... 5th on the list......5th.
It says right in your post what order they get paid in... your post !!!!!!
how did they get paid before the 4 others before it?
Tell me how please?
WHO PAID or is going to PAY the 2.25 million?
tell me who paid the 2.25 million please?
Nobody lied... they saw everything they needed to see to reach an opinion... Remember.. docs are still confidential.. they saw... debtors saw... everyone saw that needed to see. We don't get pivy to see what is not needed and confidential.
Deal is done and has been. Stalking Horse bidder won. Share purchase, asset purchase. full Shabang....
Is Mica a liar? no, he is not. He steered the deal.
Not true. at all. Where do you get your information from? I know for a FACT that Eno bought 500k shares just a bit before filling for BK in the US. FACT, I am sure you know too. His avg is .26 cents I think.
Thanks for the DD doc bro... great work.
5th down the list PAID... 2.25 million dollars.. from where? Insurance? lol......
they got till Feb 5th to contest it. If they don't? that's what they get... remember.. this is a debt ridden corn sludge money losing plant.....your lucky to get what you get.. no money left. So take this or good luck buddy.
Yo bro... 56 million just got erased from the Title to Sarnia so ya... good things coming for shizzle....
The monitor of CCAA has power inside the CCAA and outside the CCAA. He can make any deal that is in the best interest of ALL Party's. The Judge just has to approve. He did, so did all the party's that were owed money.. you think the Queen is going to take 2% of the debt and just let the property go? Are you CRAZY?
I am going to add to this post a bit. lets do some math real quick... 35.8 million divided about about 9 million shares in the last 10k for exec comp....is about 3.97 a share.. does that ring any bells? real close to 4.17...lol. IMO of course, but I can add and stuff.....
all those words and yet they say nothing.... Facts baby... thanks for providing them.
You did it again...I can't believe it... I get some of the best DD from you bro.... Your awesome...keep putting in that work baby.. You see that down there... what does it say above the Red Line???? You notice that they are 5th down the list of folks to get paid and guess what?......... they got paid..... 5th on the list to reap any benefits of this transaction. Can you say "ROSEN"?
Nice work bro.. really nice work. LMFAO.......
Hey. Love this post. Still relevant today folks... lol...
except there was no dump part.... hmmmm. This stock was bought up, not sold down...... early Feb gents.....hold the line and make yourselves a drink.....
Here it is for your Enjoyment. This Says that about.... 56 million dollars of Lien's were removed from this DEED and transferred to the new Owner FREE and CLEAR. Now does a Judge in CCAA RESTRUCTURING have the ability to move that amount of money to the sale of the company? YES HE DOES... 100% he does.......
notice all those deleted numbers at the bottom... those are all previous liens on the property. POOF....
was this read.... by you? it says nothing of the sort. It says that the debt on the Lien can be moved to funds from the sale of the company so that the property can be transferred free and clear in the Transaction to the buyer... you should know.. you proved it happened to the WORLD..... AND YOU PAYED FOR IT......
that part cracks me up too..... lol.
The Acid Bath of the Vesting Order
When assets are sold through CCAA proceedings, whether as part of the financing of a restructuring or through a creditor and court-approved overall plan of arrangement, a vesting order is issued by the court. The effect of the vesting order is that the creditors’ claims to the assets included in the sale are converted into claims to the proceeds of the sale, with the creditors ranking in their pre-vesting order priorities in respect of the distribution of such proceeds. The assets are transferred free and clear of registered encumbrances, security interests and claims against the assets, unless explicitly assumed by the buyer.
A court order under the CCAA can also remove the need to obtain certain consents and other requirements for closing a transaction. This would include shareholder consent and consents from parties to contracts concerning the assets. For example, the CCAA expressly authorizes the court to assign contracts to an assignee, notwithstanding restrictions on assignment in the contract, if certain pre-conditions are met. In addition, certain regulatory requirements under securities and other legislation can be avoided or ameliorated through the vesting order. Another advantage flowing from court supervision of the process is that the court will expressly approve the transaction, thus reducing the risk of future challenges to the validity of the transaction.
would not doubt if we have to vote to accept the offer as well.
very well said and I agree.
In reference to today's activity: this video for you all.
Where does 257 and 255 come from?
That is CRAZY........
Nope.. still the same... full value. lol.
Yep, I would post it but... i will let you ponder....
wow, good catch as always....
folks be like.... WTF..... Oh Smack... I coulda, I shoulda..... lol.
Still not Number 1 on most read.. but that will soon change.....
Judges supervising proceedings by a debtor company under the CCAA have broad powers and discretion to allow insolvent companies protection under the CCAA to deal with their assets. This broad discretion can allow for business combinations and asset sales to occur that might otherwise not be possible.
yep. like BioAmber?
flippers made money sure.. but that has nothing to do with the DD....
I know.....lol.
Ya folks that hold the stock right now are really pumping for the dump right? lol.
Cha Ching.... did you hear that? what was that?
The Acid Bath of the Vesting Order
When assets are sold through CCAA proceedings, whether as part of the financing of a restructuring or through a creditor and court-approved overall plan of arrangement, a vesting order is issued by the court. The effect of the vesting order is that the creditors’ claims to the assets included in the sale are converted into claims to the proceeds of the sale, with the creditors ranking in their pre-vesting order priorities in respect of the distribution of such proceeds. The assets are transferred free and clear of registered encumbrances, security interests and claims against the assets, unless explicitly assumed by the buyer.
A court order under the CCAA can also remove the need to obtain certain consents and other requirements for closing a transaction. This would include shareholder consent and consents from parties to contracts concerning the assets. For example, the CCAA expressly authorizes the court to assign contracts to an assignee, notwithstanding restrictions on assignment in the contract, if certain pre-conditions are met. In addition, certain regulatory requirements under securities and other legislation can be avoided or ameliorated through the vesting order. Another advantage flowing from court supervision of the process is that the court will expressly approve the transaction, thus reducing the risk of future challenges to the validity of the transaction.
You just got Chemtrailed....by the Capt.
Sure they did.....
I disagree. thank you.
good luck to you sir. The DD speaks for itself. NO WAY 4.3 milly for it all. NO FKN WAY...
LCY just picked up a finger for a really good price, now they will go for the Hand since a finger is only a finger and a Hand is THE HAND.... one is not good without the other. Still many companies in Bioambers umbrella. Takes time.
Good things coming. Remember Bioambers Lawyers specialized in something other than Bankruptcy as well.....hmmmmmmm....
Yep... nothing was done IN THE CCAA... He is right......It happened OUTSIDE OF THE CCAA...lol.