Replies to post #13104 on Cannagistics Inc (CNGT)

[Lufrance]

Ok so Chapter 11 - reorganization

What happens when a business files Chapter 11?

This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.

Source - uscourts.gov

Probably happening with a lot of businesses right now. I’m not concerned, they are only part of the equation and are getting it sorted. Their management team is phenomenal.

CNGT

[DPS1212]

Lol. In these mergers they acquire the “assets”. Not the liabilities. But you knew that.

[DPS1212]

Just another fantastic reason why I’m putting my duckets on the former President of L’Oréal who continuously produced massive gains for L’Oréal year after year after year...