Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMAF | V.RET.A | RTMNF

Consumer Cyclical

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.

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Reitmans Ord Shs > REITMANS WILL EXIT "CCAC"...BUT IN WHAT SHAPE?

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Post by modulexon Sep 27, 2021 1:12pm

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Post# 33924522

REITMANS WILL EXIT "CCAC"...BUT IN WHAT SHAPE?

1-Will CREDITORS be issued shares?
2-Will CREDITORS temporarily hold on, allow the company going forward and be paid later (fully or partially) for their up-to-date losses?
3-Will some CREDITORS launch a takeover bid for the company?
4-Book-value is $1.14
5- Stay of proceedings pursuant to the CCAC granted until tomorrow September 28, 2021. Having no news so far today released and the share price hovering near a 52-weeks HIGH could translate in a turnaround for this public company.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle