Yes 2016 was a good year . Then 2018 rolled around . Union didnt help much . But cool desperation spinning. Wonder if lcy is paying union wages to have their employees watch the corn grow ? Cawwww 10. Following the failure of the SISP to realize a going concern sale of the business, and based on the views of the Company’s secured creditors at that time, the focus of the Company shifted beginning in early August 2018 to conducting a liquidation sale process within the CCAA Proceedings. The Third Amended and Restated Initial Order authorized the Company and the Monitor to conduct a second sale process to seek other offers for the Company’s assets and operations in a liquidation scenario (the “Second Sale Process”). The manufacturing operations of the Company were suspended in early August 2018 and the vast majority of the Company’s employees were terminated.
Well that is great news for Visolis/LCY as they did purchase the trademarks and trade names in the liquidation. Nice to get some free press for the new owners of the plant, IP, patents, trade names, trademarks and everything of value!!
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