RE: RE: iss recommends sale iunnobut,
This is a total misrepresentation by ISS.
Next, some scare tactics:
assess not whether the current offers can make up what was lost, but whether they offer more value than the next best alternative" and warns that "a trip through the bankruptcy process...raises a fresh set of horrors not only because the bankruptcy process is designed to protect debt holders rather than shareholders, but because the key physical assets are not located where Canadian courts have jurisdiction, and might be treated substantially differently by South African courts, ministers and regulators with different constituencies and priorities
My company is currently in CCAA and we own assets in the USA. CCAA is is applied for in the Canadian courts as well as Chapter 11 in the US courts and they just rubber stamp whatever the Canadian courts rule.
Unbelievable........Nova