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7936567 Canada Inc SWYDF

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.


GREY:SWYDF - Post by User

Comment by griefmanon Sep 09, 2019 7:34pm
96 Views
Post# 30110737

RE:shareholders

RE:shareholdersYou’re missing the key ingredient...they are declaring bankruptcy!  

Think about what that means legally...we all are separate entities that may own, as an example, $4 grand of stock...you’re going to be the absolute last entity that will see any funds because that’s the way bankruptcy works....so you will almost absolutely receive nothun, zip, zelch, because you are on the bottom of the totem pole...sure you own shares and thus part of the company, but you’re so irrelevant to the big picture....sorry, that’s the way it works and if anyone who is better versed in these issues can expand on that, please do!

All the other noise, is a result of them looking after the top of the food chain,  and the government trying to save 500 jobs.

Although not rocket science, it can be confusing when it comes to legal jargon, etc..
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