CannTrust Holdings Inc CNTTQ

RE:RE:RE:RE:RE:RE:RE:RE:TRST to CNTTQ

[apeppin]

Hey Stalkhouse,

I'd be interested to know how the current TRST (now CNTTQ) shareholders could come to lose their shares. 

That is, given that the company has only about 3.5-4 million in debt (as per CCAA documents) and the bulk of their 'insolvency' relates to the US/CDN class action suits, which are asking for 500 million, would one path to common shareholder destruction be that the company decides to settle the lawsuits using all the proceeds from a sale of the company?

Since the lawsuits haven't yet been certified (as far as I know), how likely would the company be to do that to it's shareholders?  

Also, if the company decideds to fight the lawsuits, it seems that they'd continue to withold the FS, so therefore would never be able to list on TSX, CSE etc., as I believe CTST is currently in default of securities legislation.  The following is from the CSE.com website:

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Where an application is made to list a security that is convertible into another security or backed by another security or asset, the Exchange must be satisfied that investors will be able to obtain the necessary information to form a reasoned opinion regarding the value of the underlying security or asset. This requirement may be met where the underlying security is listed on a stock exchange.

An issuer is eligible for listing if is not in default of any requirements of securities legislation in any jurisdiction in Canada and:
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Thanks for any input, @stalkhouse or others