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Re: youngster-moon post# 78755

Sunday, 07/07/2019 7:42:36 AM

Sunday, July 07, 2019 7:42:36 AM

Post# of 153949
No, that’s absolutely false. There’s nothing more coming.

LOL. Back to the resumes again. It’s ridiculous to even suggest someone’s resume overrides a judge’s order stating clearly and directly what has happened to this company in the bankruptcy proceedings.

Look, this is the judge’s summary of the Visolis transaction that purchased the assets:



The whole of the transaction, described by the Visolis letter and the letter from LCY “affirming” happened in CCAA, and that is the judge over CCAA describing it. Like it or not, there isn’t any secret deal that’s bringing more than is disclosed clearly and directly by both the monitor and the judge.

This is the judge’s comment on further restructuring:



That’s how a judge says “empty, debt ridden shell.”

The fairy tales are getting more and more absurd in the face of the judge’s order closing CCAA. That’s to be expected, of course, as it is crystal clear the charade of this being the first ever bankrupt company that was liquidated and couldn’t scratch the surface of its debt and other obligations emerging from bankruptcy is coming to an end.

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