Post by
pennydredful on Nov 10, 2015 8:31pm
ON dec. 17
we get to vote out the same directors we voted out last time ? I guess since they are still here our votes meant NOTHING ?
Comment by
darkstream on Nov 10, 2015 11:37pm
this is exactly what they are begging for-this time everyone of them will get voted out and their prearranged exit packages will kick in a few days prior to going into receivership -they will get their Christmas gifts and we will get our lump of coal!
Comment by
Kherson on Nov 15, 2015 8:13am
SpyGlass will be seeking CCAA protection before December 17th! Kherson
Comment by
HarryHairy on Nov 15, 2015 8:23am
This Kherson clown is an expert on his holdings going bankrupt !!
Comment by
Tommyo1 on Nov 17, 2015 6:34am
This post has been removed in accordance with Community Policy
Comment by
bullmarkets on Nov 15, 2015 1:57pm
it will be interesting to see if the bank put them into ccaa.. they need to come up with money at the end of the month.. they have southern alberta package up for sale, but i doubt they get a decent bid.. there is no doubt they will go bankrupt, its just when will the bank pull the trigger..
Comment by
Want2Cit on Nov 16, 2015 9:27pm
So why would the banks let them replace their $100 million borrowing base with $100 million revolving credit facility if they saw no future in them? Have they got something that they are going to sell to keep them going for a while longer?
Comment by
longterm99 on Nov 17, 2015 12:08am
A revolving credit line is a demand loan as opposed to a term loan which is what they had. Now the bank can demand payment at will. The end is near.....