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Re: TenKay post# 45500

Tuesday, 10/02/2018 8:55:34 PM

Tuesday, October 02, 2018 8:55:34 PM

Post# of 144258
Thanks 10k! I think you could be right. The notion that the 4.3 might be for the Canadian portion and PWC still considers it a positive outcome for all stakeholders leads me to believe that they are making Quebec Inc into a fully funded company that can make good use of a stock listing with no wait and NOLs. Otherwise why have a joint venture for such a small purchase price? Why else would a local judge and PWC with Canadian definitions of fiduciary responsibility and reputations to protect among government and community members? Seems to me that with such a token payoff, they must really be financing a serious investment in Sarnia, because that’s what makes CCCA different from ch15 in the US, the survival and thriving of otherwise viable businesses in temporary distress. Thanks for the assist!

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