It says nothing of the sort.
The total purchase price for all the assets is just $4,340,000. Of that amount, $150,000 is for the US assets.
That is all.
The PwC documents also make it clear the only debtors being paid are the DIP lender ($1.8 million) and some to the Comerica Syndicate. All other secured creditors and unsecured creditors get nothing.
Which means common shareholders, who are LAST in line for assets, also get nothing.
And if the unpaid debt gets discharged in bankruptcy, so does the equity. The common shares will be cancelled.
Bankruptcy documents are legal documents and are not open to interpretation or inference. They state very clearly the facts and what will happen here. And it is not good for common shareholders, as anyone holding common shares at the conclusion of the bankruptcy will be wiped out.
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