United American Corp. (UAMA)

[65actual]

$47M bankruptcy has GUTTED UAMA! Active case!

First filed in late 2016, this bankruptcy has stripped UAMA, Investel, et al of essentially all assets and employees as Court ordered sale of Teliphone-Navigata-Westel to Distributel and they took employees as well as assets.

This case, still before the Court in British Columbia, has seen Benoit Laliberte threatening an Officer of the Court (in writing) and then there's the not so small matter of the failure to remit employee withholdings to the CRA. It's not clear if these will bring indictments against Mr. Laliberte so we'll just need to wait and see.