Invictus MD Strategies Corp (IVITF)

[stockchase]

not that surprised by this. Management has done a poor job with the cash management. They loaned money to GTEC, PODA and AB Labs and now they are the ones seeking creditor protection. If they had collected the loans they could have paid at least half the $10M ATB wants back

ATB clearly didn't like what they were seeing and called the loan in, that simple.

Noticed the creditor protection does not seem to include AB Labs from what I can tell, only the assets that were secured against the ATB loan which are Acreage and Leafwise

I think they should sell off their 50% in AB Labs and try to collect cash from their loan recievables and then run only Acreage Pharms. Any idea what the 50% ownership in AB Labs would be worth? Gotta be at least the $10M they need to pay ATB back

Either way, I don't see shareholders getting much going forward as I'm sure most already figured out