RE:RE:Don't we get a voice?Yes, here is the response:
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The asset sales within the CCAA were approved by way of court order.
Generally voting in insolvency proceedings is done by the creditors and not the shareholders.
As for the SAR sale, the purchasing entity was the successful bidder in a live auction providing for the greatest recovery on the assets.
Please do not hesitate to call or email if you require anything further.
Regards,
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Philippe Mendelson, CPA, CMA, CIRP, LIT | Turnaround and Restructuring Strategy
Vice President | Ernst & Young Inc.
Senior Director | EY-Parthenon
Direct: 604-891-8491 | Philippe.mendelson@parthenon.ey.com