GREY:LSTMF - Post by User
Comment by
Pancho2on Jan 25, 2017 6:57pm
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Post# 25755650
RE:@bluesky sept 19
RE:@bluesky sept 19Reefs,
From your posting of LTS article from 19th Sept 2016, it clearly stated that if the
Support Agreement failed under the CBCA, then LTS is allowed to continue
the proceedings under the CCAA by way of a Credit Bid by the Ad Hoc Committee,
all subject to the terms and conditions of the Support Agreement
So if the Credit Bid is the Support Agreement and the Credit Bid was approved
by the Courts, nothing changes. Shareholders will still get
what was mentioned in the Support Agreement
So I am yet to see Old Fart shows where Shareholders will get nothing.
The Links he is referring to, shows nothing about Shareholders getting nothing.