You are wildly mischaracterizing this deal, that would mean a plant that cost $140 million dollars alone sold for less than $4.3M. Find me a judge in either Canada or the US that would approve that kind of deal?
All True!!! Except for the assumption that the order of payment is set.
It is written clearly in black and white text that CCCA has no set order or any mandatory riprity othere than what is best for continuity of business and community. These are the kinds of priorities that confuse Americans and why Canadians sometimes look at Americans and shake their heads sadly...
I have no way of knowing if the shares will survive. You might end up being right. If you do end up being right, It will not because of that flawed argument.