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Stuart Olson Inc CUUHF

Industrials
"Stuart Olson Inc is a Canada-based company. It operates in business segments that are Industrial Group, which offers services to clients in a wide range of industrial sectors including oil and gas, petrochemical, refining, water and waste water, mining, pulp and paper and power generation; Buildings Group, which includes construction, expansion and renovation of buildings for private and public sector clients in the commercial, light industrial and institutional sectors; Commercial System Group


OTCPK:CUUHF - Post by User

Stuart Olson Inc > So you guys are getting .02 a share for the take over
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Comment by Charlie101on Aug 01, 2020 7:20pm
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Post# 31354497

RE:RE:RE:So you guys are getting .02 a share for the take over

RE:RE:RE:So you guys are getting .02 a share for the take overIf one looks at the balance sheet, I can't understand why Canso (the debenture holders) would force the company into bankruptcy.  There are very few assets for them to grab as I don't think they have a claim on existing contracts (the backlog).  Their only way to make sure they get their money is for the shareholders to agree to the takeover.  If the company goes into receivership, I would think Canso would get very little of their money back and the shareholders would get zero.  So I'm not convinced Canso is going to push the company into bankruptcy, but time will tell.  I'm willing to call their bluff and vote no.  Also, I'd like to see other offers that represent the true value of the backlog.      
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