GREY:GDPEF - Post by User
Comment by
damianchosenoneon Jun 27, 2019 2:57pm
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Post# 29871032
RE:RE:Leftbook? Working for PWC? Another Company?
RE:RE:Leftbook? Working for PWC? Another Company?Numbers wont really matter. PwC has no competition of bidding in place and as I was told everyone knows what the secured creditors are owed and that is all that needs to be covered for rcg to not to be taken over by sprott lending and sold at a later date. So 10 million to sprott and 2.3 to CRA. then unsecured creditors are due next and if half gets paid we survive. If not, we lose the company as shareholders including tax credits as we couldnt meet proposal. No one will offer over 20 million as they know that secured creditors are only ones that need to paid for rcg to be their's and not sprott's. No investor or company cares about us as shareholders and could care less if we are wiped out. I heard one of the bidders wanted to pay sprott partially their debt and then start up drilling and mining to make cash and pay back rest later and that was rejected. Sprott doesnt want to play ball and its evident!