RE: RE: RE: RE: RE: RE: RE: RE: yes I agree, it would be a stretch for a court to grant CCAA, but it's all in the interpretation of "looming liquidity crisis", and that will be solidified if this CBCA attempt fails (it would definitely not have been granted if they did not make a solid attempt at recapitalizing). The simple fact is, no one wants this business, or they would have stepped up to the plate with a better offer (might still happen?). It is viewed as a relic with declining revenues and profit, and only a small chance of survival. In it's current state, YLO has no access to capital markets, and employee moral and it's brand are suffering as a result if it's financial situation, so it's likely for CCAA without this recap.
Yes, as a pref shareholder, I wish the terms of his proposal were better, but I'll take it over CCAA.