IMV Inc IMVIF

RE:2/3

[Breakthorough1]

I guess it depends on the trustee or judge:

"The CCAA does not set forth rights or remedies for shareholders in such a proceeding. The operations of business corporations are in fact governed by the applicable Quebec and federal legislation, which seek to harmonize the relationships among a company’s shareholders, officers and directors. These statutes expressly provide for the possibility for minority shareholders to make representations to the company’s management." (https://lautorite.qc.ca/en/general-public/investments/knowledgeable-investors/questions-regarding-the-ccaa#c48543)

- "The CCAA also allows a company, if it so chooses, to address its shareholders in addition to its creditors. Typically, when the shareholders of the company are impacted by the Plan of Arrangement, they are often given the opportunity to vote on the Plan." (https://www.pwc.com/ca/en/services/insolvency-assignments/what-is-ccaa.html)

On the other hand, it is true that Hall has mentioned recovery for shareholders since the 16th of march (when announcing the beginning of the "Stonegate Process") and that shareholders are explicity mentionend among the stakeholders both in the Affidavit and the criteria for assesing "qualified bids" at the proceedings. Insiders also have a good amount of shares, and I guess Fonds de Solidarit didn't sell the shares (but cannot confirm).