RE: RE: RE: RE: this is the guy who you need to co Colt, my company, Catalyst Paper Corporation, just entered CCAA the secured note holders are holding all the cards and the shareholders never had a chance to vote regarding disposition of assets. Shares went to a penny and a half. Delisting from the TSE on March 5.
Remember Opti Canada? Secured note holders ran the show again the shareholders never a chance to vote on anything. However they did receive 0.12/share payment and some warrants.
Remember Abitibi-Bowater? no shareholder vote. Only bondholders made the decisions to exchange paper.
The secured note/bond holders are in the driver's seat in all such matters.
Nova