Twin Butte Energy Ltd TBTEF

RE:Remember this is not "Normal"

[cigarbutt1]

Right. A key aspect, like you said before, is that the buyer purchased substantially (that word again) the properties of the entity. Successor rules may allow essentially the transfer of the pools. We'll find out soon for that part.

As far as the liquidating dividend for the unsecured, my understanding is that, if you hold the security through a discount broker, the $ will be deposited automatically into your account(s) and the security will disappear. Expect tax documents next year. May take a while. Once closing done, it is money in the bank though. May want to call the broker directly, once the claims process is initiated, especially if you have the security in several accounts. An interesting aspect for those who held at least this partly into registered accounts is that the debenture security stopped trading and effectively became non-eligible. Will have to keep an eye on that.