Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:RE: Article... A JOKE these BB

[Oldfart74]

cigarbutt1 wrote: ppp,
You are right when you say:"you have no idea how much time and money was spent on that proposal". I am no insider.
I would respectfully submit that no individual or group can decree that they possess the monopoly on how to deal with a situation.
My opinion, for what it's worth, is that the majority no vote was the essential ingredient that gave rise to the receivership process and the SISP timeline. Also, the fact that TBE waived the 10 day period pretty much guaranteed no shortcut would be taken. 
I respect the fact that others may think otherwise.
I often wondered about management but had confidence in the legal framework and case law dealing with a BIA and a Court approved process regarding maximal recovery for the assets and a fair result for all stakeholders.

For those looking for the link concerning the proposal, all I know is that I recall reading this document in the public domain (it looked like a press release) right around the time of the receivership announcement.

Reality - banking syndicate forced Receivership.  It was too late for CCAA.  No proposal was received from ad hoc Committee during SISP process.  Court approved sale of assets.