Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,186.44
(
0.71%
)
US TECH 100
26,613.20
(
0.57%
)
Dow Jones
49,538.33
(
1.38%
)
Brent Oil
108.48
(
-3.47%
)
Bitcoin
76,163.92
(
0.51%
)
News Focus
News Focus
Post# of 153951
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

TenKay

Send PM Follow Ignore
Followers 405
Posts 52589
Boards Moderated 2
Alias Born 06/20/2011

TenKay

Re: CSCS post# 61377

Friday, 02/15/2019 2:30:03 PM

Friday, February 15, 2019 2:30:03 PM

Post# of 153951
OMG...the US entity IS bankrupt. Lol. Seriously.

It no longer has any meaningful assets and a pile of debt. The CCAA proceedings will conclude first and then it will go back to Delaware where Mitsui and Bridge will duke it out over the remaining crumbs in the US.

When that is done the US Court will eliminate the remaining debt and cancel the equity in concert with that.

It’s how it works.

This is going to be a hard but valuable lesson to many.

"Harsh reality is always better than false hope"

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today