Post by
Tcheck on Jan 15, 2020 3:04pm
If we dont want to lose all
We have only one option i think .it is to sell the equity we have for the 400M we paid for it .
that is roughly the value that is left in the company.
all else would be catastrophic and lead to us being drowned in new equity funding .
if we dont get a loan there is that much more to finance by the sale of equity .
in that scenario we better opt out and hand over our stake to the new victorious player.
the idea that we can benefit by staying in is ludicrous .
we have to negotiate a price for our ownership and negotiate our departure .this is not what we were buying into anyways.
IQ only thinks how much they will gain in taxes if the project goes ahead .
and how much they will lose if it flops .
they dont care about lithium ,ev, batteries or quebec for that matter.
oh yes they also think about their salaries .i forgot.
thats only talk.
Just my opinion based on flip flopping fitzgibbon.
Comment by
TeddyBear on Jan 15, 2020 3:09pm
At this step retail are at the best spectator, other solution is retail team together to be represent by an insolvency counsel in CCAA proceeding ... but will never happen. So main probability for retail is to be wipe out, with a miracle to get some pennies on the dollar.