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Brucebannerr

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Brucebannerr

Re: Koan post# 66377

Tuesday, 03/26/2019 12:04:12 PM

Tuesday, March 26, 2019 12:04:12 PM

Post# of 145143
Yes and since it was a complete failure the monitor and secured creditors submitted a new plan to the court . And unsecured creditors and shareholders did not even get a say in it .

Following the failure of the SISP to realize a going concern sale of the business, and based on the views
of the Company’s secured creditors at that time, the focus of the Company shifted beginning in early
August 2018 to conducting a liquidation sale process within the CCAA Proceedings.

And theres your restructuring. Hahaha
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