GREY:ARGEF - Post by User
Post by
T005L0Won Jul 01, 2019 8:56am
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Post# 29877965
Once again… They have not filed for bankruptcy!!
Once again… They have not filed for bankruptcy!! Once again They have not filed for bankruptcy!! They have filed a notice of intention to make a proposal under Part III of the Bankruptcy and Insolvency Act. This means they will propose to pay their debt in another way than first stipulated. Nobody here knows why they do this and what it would mean for the company and its shareholders. If anybody suggests that they know the reason behind this and what it would mean, please present facts! Currently there is a lot of writers here who are just spreading huff and puff, fear, uncertainty and doubt. As recent as March 5th, 2019, the company raised 938 K and December 11th, 2018, they raised 750 K. MDs brother even invested in the company. I don't believe they have problem with their working capital. I believe, now speculating, that the company has reached a point where it can really attract institutions as shareholders, and in order to be able to do that full out they need to do the reversed split and clean up the balance sheet.