OBQI is in the Canadian form of receivership. E & Y has control of the day to day operations. They are presently locating all the creditors and the ammount they are owed. That should be done by mid August. E and Y also have authority to close on the sale of the oil sands assets to pay off the creditors. E & Y has said the remaining monies after creditors (including them) will be nonimal.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.