SEA BREEZE POWER CORP V.SBX

NEWS 10c offer from Sea Breeze’s existing management

[TraderSethDavis]

NEW Amended Proposal

On February 16, 2017, the Court Hearing was adjourned generally while the Company works to negotiate specifics with respect to the transaction contemplated by the new Proposal.


If approved by the Court, the Amended Proposal will be binding on all the affected creditors.

[redpurple]

The amended proposal from January 18 said that all existing shares would be cancelled...is this no longer the case? On page 13: "all Existing Shares of Power Corp. shall be cancelled and shall be of no further force or effect and the obligations of Power Corp. thereunder or in any way related thereto shall be satisfied and discharged with no compensation or participation being provided

[TraderSethDavis]

On February 16, 2017, the Court Hearing was adjourned generally while the Company works to negotiate specifics with respect to the transaction contemplated by the new Proposal. YES great news for us 

[redpurple]

So...they aren't cancelling all existing shares in the new amended proposal then?     I'd like to average down on this hefty bag I've been holding for several years, but I don't want to buy more shares if they're just going to disappear...

[Xstorm2]

My last average down was 16-17 cents, decisions decisions...

[SmellsFishy]

Guys, don't get sucked in by tradersethdavis.  The common shares are dead.  There is no way that the secured debt holders will renegotiate their terms and allow common share holders to receive a red cent.   This is a pump.