From the document"
Bellatrix has no obligation to conclude a sale or other transaction arising out of this strategic process and reserves the right and unfettered discretion to reject any bid or porposal (including any binding bid), or to complete a standalone restructuring transaction outside of the strategic process, subject to consultation with the monitor" Aeco prices are on the rise
https://www.gasalberta.com/gas-market/market-prices The best election result would be for a conservative majority but that is unlikely. A Liberal majority would be the next best result or somehow a conservative/BQ coalition which is highly unlikely.
I don't think any bids are actually on the table right now. I think most bidders are waiting on the results of the election.
With the higher AECO pricing is the company sustainable right now? They were only a few million short of debt repayment. If gas prices keep rising and they are sustainable they could scrap the restructuring altogether. There are lots of options still availlable.
MJ, if you didn't lie about buying the 100,000 OTC shares I would believe your story about speaking to the CEO. You seem like the kind of crazy that would somehow find a way to contact him. That is why you should never tell lies in your real life and also in your fake identity online life. Being caught in one big lie, as you were, destroys any credibility you have and makes anything you have ever posted suspect.
Now why would the CEO tell you it is a done deal and third tier lenders would take a haircut when the document clearly states
"parties submit initial non-binding expressions of interest with a target date of on or about Nov 13, 2019 (which date shall be communicated and may be extended by bellatrix with the consent of the Monitor)" The bidding process is just getting started so why would the CEO tell you it is finished?? Please give him another call and get him to clarify his position now that you know the actual process is just getting started.