Post by
Pancho2 on Feb 19, 2017 7:21pm
Don't let the Hedge Funds fellows mislead you
We know that the Ad Hoc Committee made a Support Agreement
on July 13, 2016, to own most of LTS. In this Agreement Shareholders are going to get
2.25% of the this new restructured Company + 7.75% in warrants.
This Support Agreement failed through the CBCA (Plan Transaction
Then LTS filed this Support Agreement though the CCAA ( Sales Transaction)
It was approved by the Courts on Dec 8, 2016, so the Ad Hoc Committee won
and Shareholders will get what was agreed upon.
Yes the Ad hoc Committee name the new restructured Company, Ridgeback Resources.
The Hedgefund guys are continually saying we will get nothing.
Liars !