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fojcol

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fojcol

Re: trader59 post# 33055

Monday, 09/28/2020 12:54:09 PM

Monday, September 28, 2020 12:54:09 PM

Post# of 63384
I don't think the company "rejected his (Desmarais') liquidation plan" at all. It was AUCTUS who rejected it (on behalf of all the shareholders and debtors). I think the company was in Desmarais' pocket until then. I don't think they went and asked him what the company was worth... I think he told them what to value it at, and his influence was that he had the lien against their IP and was willing to give them $500,000 besides, and they had no other option until AUCTUS. But if that's not obvious to you, I guess you might think it was absurd.
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