GREY:HYKCF - Post by User
Comment by
philoexon Dec 06, 2018 9:32pm
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Post# 29080051
RE:Q3 MDA
RE:Q3 MDAThanks Albertan. It's good that we all be reminded of this. But at the same time, we kind of all know it. When you can't keep going as a going concern, the creditors (in theory) put the lock in the door and sell all your sh__ at firesale prices in order to retreive the capital they lent out, and no more. However...
... however, this is where the process (always... sigh) gets murky for me. Who are the liquidators liquidating at cheap prices to? Friends of the creditors??? Insiders that have let the situation get a little out of hand, while they stand ready to catch the falling princess under a new cloak?
You trusted, and you lost. That is about all the info that will ever be let out for the investors, Canadian or not. I suspect that, in the case of HYD, there is more real value than what the amortized costs seem to indicate. This was always a bit the case with Hyduke, especially with the old management.
Vultures, rascals and other carrion eaters are going have a gourmet buffet when Hyduke shows up on the menu. And there will be no crumbs for the investors.