CannTrust Holdings Inc CNTTQ

Management obviously trying to stay alive-fingers crossed

[HHAPPY]

 ("CannTrust," or "the Company") today announced that the Company is seeking an order in its proceeding under the Companies' Creditors Arrangement Act ("CCAA") extending the time for CannTrust to call the next annual meeting of shareholders to a date 120 days following the completion of the Company's CCAA proceedings. The motion is scheduled to be heard before a judge of the Ontario Superior Court of Justice, Commercial List, on September 16, 2020 at 12:00 p.m., judicial videoconference via Zoom due to the COVID-19 emergency.

[jonstud]

I am not really sure what this means and why they are doing it?

[myfistyourbutt]

  shareholders can also finally ask questions, which they may not be ready for Shareholders can vote who stays and who goes @

[wizzard89]

Meeting of shareholders to bring them up to date usually on finacials or any upcoming transactions (expansion, partnerships, etc) However since no finacials to give out and no real updates until out of protection it is a lot of money to spend. It can also include votes on certain issues (board of directors, expenasion, etc,) and that means mailing info to ALL shareholders and if a vote is involved

[leo101]

management is trying to keep the company alive to protect their own jobs.  the common shareholders will be wiped out, take 30 cents now if you can and thank your lucky stars.

[wizzard89]

shareholders will NOT be wiped out---just big talk from somebody trying to buy your shares CHEAP.  They have $125 Million in the bank and sales will be starting soon with some $75 Million already in stock and a crop just harvested and being packaged.Stick to the FACTS and the TRUTH

[leo101]

the truth and facts are that i have no interest in buying anyone's shares. and there are legitamite class action lawsuits that will eat up the $125 million if it still exists. 

[wizzard89]

FACTS--there are NO lawsuits as of now there are PENDING lawsuits--NOT ONE has been certified by ANY court, so all just THREATS as of now. The latest monitors report has stated EXACTLY how much CASH they have on hand --well unless He/she is willing to LIE to a court ????? again stick to the FACTS and TRUTH as you have posted NONE

[leo101]

get  real, the lawsuits were temporarliy stayed due to cca and that's mainly to protect some major  creditors that  are not part  of the class action.

[wizzard89]

you can say that ALL you want but there was plenty of time for them to be certified by the courts LONG before Canntrust applied for protection. The lawsuits IF (big IF) they get certified will not see the inside of a courthouse for  at LEAST 2 YEARS and now with the backlog of ALL cases since COVID it could very well be 3-4 YEARS As for "major Creditors they owe $4 Million in Secured

[leo101]

canntrust has admitted culpability and if it takes 4 years, that means 4 years of creditor protection. if you truly believe in canntrust, back up the truck and i sincerely wish you good luck.

[wizzard89]

you really should check your FACTS !  But keep posting as laughter is the best medicine