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rockettjay

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rockettjay

Re: Penman1 post# 42323

Thursday, 09/20/2018 4:22:42 PM

Thursday, September 20, 2018 4:22:42 PM

Post# of 145159
We can only speculate why they sought CCAA instead of any other alternatives. My gut (and this is only my opinion) is they wanted to to sell the company or it's assets, before they got into any deeper holes. It's better to sell now then to sell 2 years down the road when they reach balance sheet insolvency.
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