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HymanMinsky

04/16/19 11:36 AM

#68274 RE: CSCS #68271

cancel fantasy has no room for facts and documentation
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I-Glow

04/16/19 11:43 AM

#68277 RE: CSCS #68271

The shareholders and unsecured creditors weren't allowed or asked to vote because the Superior Court of Quebec - understood both would vote no because the secured creditors are impaired - therefore the shareholders are impaired as are the unsecured creditors.

It seems most have a pinkyland fantasy about CCAA - what they don't understand is that the asset liquidation was approved.

IG
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trader59

04/16/19 12:06 PM

#68282 RE: CSCS #68271

The CCAA has resulted in a bankruptcy liquidation of the assets. That is clearly documented and fact. There's nothing left except an empty shell with massive debt. Like it or not, those are the facts.

Once the bankruptcy proceedings return to the US court, the remaining debt and equity (the shares) will be discharged by the bankruptcy judge. The company will then disappear. There won't even be bags left in shareholders' accounts. That's what happens every time when the assets are completely liquidated and debt remains unpaid.

Shareholders will lose 100% of their investment in this stock.