authoritarianism at its best .
state interventionism in a so called free market .
the outcome of bidding process decided in advance ?
the government takes over
expropriates the legitimate owners ,ruins them
and manages it as a common minority shareholder
by controlling a puppet board
of yes men
IQ is the means of the government to keep everything out of private hands and in the hands of the state .
new nemaska is not a private company
it ls statecontrolled company .
private investors exist only to push the cart and then they are run over .
all iq and HEC related in some way or another
pwc
mallettereputation of bad of wiping out shareholders in quebecor restructuring
the facts
12 March 2019
QUEBEC CITY, March 12, 2019 (GLOBE NEWSWIRE)
-- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (FRANCFORT: N0T)
is pleased to announce the appointment of two new members to its Board of Directors
- Mr. Luc Sguin, consultant, former senior executive of Investissement Qubec (“IQ”)
and of its predecessor Socit gnrale de financement du Qubec (“SGF”),
and a seasoned director of companies.
- mr mallette hec like fitzgibbon
likes to start afresh by wiping out shareholders
quebecor world
"This is an important and exciting day for the company,
its customers, suppliers and employees.
I would like to thank everyone who has supported us through this process,
" said Jacques Mallette, president and CEO.
"The restructuring and reorganizing process has made us financially healthier and allowed us to start fresh
with a strong balance sheet and a leaner cost structure."
The company has secured US$ 800 million in exit financing facilities,
and it has repaid in full its debtor in possession (DIP) credit facility.
T
he public company’s previously listed shares have been effectively cancelled, and the reorganized business has issued (in escrow) 73,285,000 Common Shares,
12,500,000 Class A Convertible Preferred Shares,
as well as 10,723,019 Series I Warrants and 10,723,019 Series II Warrants.
The initial distribution to creditors and the listing and trading of the Common Shares,
Series I Warrants and Series II Warrants on the Toronto Stock Exchange (TSX:WC)
is expected to take place within 30 days
watch what is happening with cogeco