Clearford Water Systems Inc CLIRF

Clearford Water Systems Inc provides unified water infrastructure solutions. The company is the developer of the Clearford One system, which is a combination of the company's ClearDigest Smart Digester, Small Bore Sewer (SBS) technology, a watertight small diameter wastewater collection system, SBS ClearConvey, and ClearRecover, a wastewater treatment facility-based on the processed influent. It operates through two segments namely Clearford One and UV Pure. The company generates revenue through a sale in various countries such as Canada, the United States of America, India, South America, and other countries. It derives maximum revenue from the Clearford One segment.

GREY:CLIRF - Post by User

Clearford Water Systems Inc > Filed Proposal

<< Previous

Bullboard Posts

Comment by screamer99on May 18, 2022 10:11am

326 Views

Post# 34692063

RE:Filed Proposal

Yes.

"If the Proposal is approved, it is anticipated that the Company's issued and outstanding common shares will be exchanged for redeemable shares. The redeemable shares are expected to be redeemed for nominal consideration in the aggregate and, pending Court approval of the Proposal, delisted."

Nominal means $1 for all of the shares.

This was inevitable and I've posted many times stating as much (that there was no equity value).

<< Previous

Bullboard Posts

BlackBerry unveils new cybersecurity assistant