CGS.v taken down to almost 52 low, so far hit 0.055 when was cgs.to..so far anyway, if they file soon, this will bust out!...they have to nov 30th to file plan, see news.
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CanWest Global given to Nov. 30 to file plan
2009-11-05 18:58 ET - News Release
Mr. John Douglas reports
CANWEST AGREES WITH AD HOC COMMITTEE OF 8% SENIOR SUBORDINATED NOTEHOLDERS TO EXTEND DEADLINE FOR FILING A RECAPITALIZATION PLAN
CanWest Global Communications Corp. and certain of its subsidiaries have agreed with members of the ad hoc committee of 8 per cent senior subordinated noteholders of CanWest Media Inc. to extend until Nov. 30, 2009, the date by which the company must file a consensual recapitalization plan with the Ontario Superior Court of Justice. The previously announced support agreement between CanWest and certain of its subsidiaries and the ad hoc committee originally contemplated the filing with the court no later than Nov. 5, 2009.
The extension provides CanWest with additional time to develop, in consultation with the members of the ad hoc committee, a comprehensive plan for an orderly and structured recapitalization for the benefit of all stakeholders.
More information about CanWest's restructuring can be found at its website.
