Peter HodsonMr. Hodson was on Market Call Tonight and said the sale of Open Jaw closed today for $37M, compared to GuestLogix's debt of $25M. He said shareholders shouldn't count on getting anything back but the odds of Guestlogix surviving has greatly improved. He also said he thinks there will still be about six months before they can close the CCAA process but one day, Guestlogix shareholders may find their shares trading again.
$12 million cash is roughly the market cap of T.GXI before they halted trading. Peanuts compared to Mr. Bruce Campbell's assessment that the sum of the parts of the company were worth between 70 and 90 cents.