GREY:IVITF - Post by User
Post by
ManUnitedon Feb 14, 2020 8:06am
171 Views
Post# 30690163
Not the end yet
Not the end yet
I've been expecting this for weeks, but it's a hard blow, and I've suffered a huge loss as a result. But most of the participants apparently misunderstood something here. The fact that INVICTUS has been granted this CCAA is basically a good sign.
The authority only grants creditor protection if it assumes that the company is viable. INVICTUS has only a small but permanent income and 2 functioning business premises. As a rule, the company usually agrees a quota with its creditors that they can pay off over a very long period of time. The company can shake off a large part of its debt, it can be taken over by another company, or in the worst case it can be excluded from the TSX.
But all of this is still a long way off. INVICTUS has taken a necessary step to get out of debt, it will be seen whether an agreement can be reached with the creditors. So we'll all have to deal with the first shock and see what happens in the next few months.