This is it - thank you for this - Keep in mind 1.5 MM went to PWC for fees, so this was a 2.8 MM liquidation. why would they put a bid this intricate for a simple liquidation? Why would they have employees stay on for a cheap below scrap liquidation? Lines up with a Share purchase for that eventual merger.
Also a global pandemic oppressive Canadian government shutting down everything was thrown in the mix too. We shall see, I’ve got nowhere to give my shares, so until 2023 I’ve got hope.