Thank God that this was NOT a Bankruptcy Sale.....This was an Asset Purchase.... Almost was a Bankruptcy... came real close.....but then we got rescued. We now have new Owners and they have REAL DEEP POCKETS and have already proven that they TAKE CARE OF SHAREHOLDERS of Their Acquisitions.
You have no idea if the deal was to R/M into this, sell the A/S shares in an offering and pay off all debtors IN FULL before the end of the year when they get this all done. That is why you SEE 4.3 million dollars for the US assets and NO DOLLAR AMOUNT about Canada Assets, EVEN THOUGH, they say all 3 in the new report.
we know dam well that the debtors are happy in this transaction and its not for 4.3 million.
When they report the final outcome here and you see the NEW COMPANY in all its glory....Hold on to your HATS.