GREY:TBTEF - Post by User
Comment by
qwqwon Jun 29, 2016 11:48pm
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Post# 25011098
RE:RE:RE:RE:IMPORTANT - reply from RWollmann and A Steele
RE:RE:RE:RE:IMPORTANT - reply from RWollmann and A Steele "I would much rather see CCAA than a successful vote!"
So would I,but unfortunately for us that ship has sailed.The next ship to sail is
called the RMS Titanic aka bankruptcy.Technically a company has to go into CCAA
before it defaults.Twin defaulted a couple of months back and has been getting waivers
from the banks ever since not to force bankruptcy.How much does it cost twin every time
there's a new waiver?You don't want to know.Had they gone into CCAA earlier
the debenture holders would likely ended up with most of the company.
Since insiders didn't own any debentures,guess what?