OTCPK:CUUHF - Post by User
Comment by
flavin87on Jul 30, 2020 10:24am
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Post# 31343196
RE:RE:RE:RE:RE:David LeMay
RE:RE:RE:RE:RE:David LeMayOnce SOX defaults on their contractual obligations (bankruptcy being one condition) the owner will call the bonds (if supplied), void the SOX contract and seel another contractor to finish the job. Any extra costs to complete the work will come from the bond or a clam against SOX. Bird has no say in the decision unless the owner wants to deal drectly with Bird.
Where are all the analysts that pushed this stock over the past three years when most industry insiders knew it was a train wreck. The management detsroyed the soul of each company and drove the motivation down to zero.
Watch for Bird to sell Canem (~$40m) to get their cash back. Suitors have been knocking on the door wanting to buy Canem for years.
Aso, look back at the Seacliff purchase of Dominion and the mass exodus of people than ensued. Blending cultures in difficult.