InvestorsHub Logo
Followers 171
Posts 20505
Boards Moderated 5
Alias Born 09/06/2010

Re: FTMan post# 940

Tuesday, 01/07/2020 5:49:22 PM

Tuesday, January 07, 2020 5:49:22 PM

Post# of 1580
"Primary Stakeholder" means they control it, which is why the Federal Government is trying to sell it - if they didn't control it, they couldn't sell it, could they? They are running the show and paying for everything.

NATUF shareholders get nothing. The chances of CanTung selling are near zero, as no one has been interested in the 5+ years it has been on the market. But even if they do sell it, all the money would go to the governments and then the remaining creditors. Assuming they would even get any money - it is very possible the "deal" would be for the environmental remediation only. Either way, NATUF shareholders have no chance of seeing a penny.

NATUF common shares will be cancelled. Anyone holding NATUF common shares will lose 100% of their investment.