RE:RE:RE:RE:RE:RE:RE:Credit bidding and common shareholders
dogtoobad, nice assessment, clear and concise. I too am looking for the 'leftover' amount at the end of the food chain. The flip side of this logic is that if assets exceed liabilities by so much as a penny at present, then every additional dollar at which assets are valued translates to an additional dollar straight to shareholders. Which is why I'd like those involved in setting up the bidding to ensure maximum time and number of participants. I agree entirely that secured creditors need to make exactly what they're owed, and stop caring precisely at that point. As they should: for us to expect more would be to expect charity.
So I've looked at the TID press release of Feb. 2 for rules on the bidding. The release gives a brief summary, and states: ". . . interested parties are encouraged to review the [full] copy of Support Agreement which has been filed by the Company on SEDAR." So I went to SEDAR and pulled up TID's filings for the past couple months.
Of all the ones there, guess which one isn't?
So I'm going to email TID and request the doc. No way that's covered by the blackout.