GREY:CNTTQ - Post by User
Post by
mdjbrownon Mar 11, 2021 9:45am
135 Views
Post# 32771414
Interesting post on another site
Interesting post on another site 18 hours ago
I see a lot of people predicting far higher prices this week, however, I think that is unrealistic as several events must still occur and since Canntrust is not widely followed it will take time for our knowledge to become common knowledge. Here are the critical dates:
1. All Classes of Creditors to be served with the Notice of Meeting and voting materials by March 30th;
2. Meetings and voting April 30th; assuming the CCAA plan passes the 4 votes ( which I believe it will as they must already have enough votes committed or they would not take the risk) then;
3. Court Hearing to approve the CCAA Exit Plan May 14;
4. Wait out the 30 day appeal periods in Canada and the U.S.A. June 14;
5. Exit CCAA June 15
In my opinion, we will not see $1+ until the April 30th Vote, so use this period to accumulate, because after April 30 you will never see these prices under $1 again.