GREY:IVITF - Post by User
Post by
Yowza123on Mar 05, 2020 10:37pm
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Post# 30773379
Invictus to report possible bidders Tues, Mar 10
Invictus to report possible bidders Tues, Mar 10Things will pick up next Tuesday, March 10th. That's when Invictus has to announce whether or not it has received any bids towards owning a part or all of Invictus. It's also when they have to put an ad in the Globe and Mail to let any new possible bidders know the company is for sale or perhaps open to mergers, joint ventures etc. The deadline for bids is April 17th, 2020. If there are no bidders opened to being accepted by voting shareholders, then a Phase 2 of bidding will commence until May 19, 2020. Also, while this happens, Invictus will be involved in an intensive restructuring period to figure out a more productive path. A successful restructuring could eliminate the need to get sold etc. All these activities have been approved by the Supreme Court of British Columbia and are being closely monitored by the monitoring group, Price Waterhouse Cooper. There is no room for any fudging of numbers etc. All eyes are on the company as it moves onwards towards a brighter future. Here's the link to Price Waterhouse Cooper's site to follow the newest actual proceedings as they become available. https://www.pwc.com/ca/invictus