GREY:LRTNF - Post by User
Comment by
Sherry35on Jan 07, 2023 3:51pm
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Post# 35209003
RE:RE:CCAA CANADA: OUR EXTRAORDINARY GUIDE TO 2020
RE:RE:CCAA CANADA: OUR EXTRAORDINARY GUIDE TO 2020 It is my understaning there is only common shares. If you want to particpate in the CCAA action in hopes of getting money from the PGM estate, youll will most liekly have to file a claim. So, unless someone does a group initaited like Mr. Sprott, the common share holder is on their own. You want a piece of the estate pie, contact the court monitor to verify the claim process (deadline, forms) and the existence of a group claim for common share holders. Trust me on this, the lenders won't do it for the common share holders based on poster's pro rata of $170M debt. They want 100 cents on the dollar.
The owners of the Nortel $1B US (?) junk bonds got 90 cents US on the dollar. The disabled employees got 32 cents. The judge in that case was a former lawyer for Goodmans LLP. Goodmans LLP represented the court monitor Enest & Young aka Bert and Ernie in the Nortel CCAA action.