If you are voting NO…... I'm reading some interesting reasons for voting No: You don’t like Tellier, Investor relations is treating you poorly, Management are crooks (they made some bad decisions, yes, but crooks?) You think the MTN holders are crooks, I paid XXX for my shares I should get it back. I've lost so much I have little left to loose,……...
Please vote rationally, If you are still long, you are long at the current market levels, and the only way for the stock to go up, is for the company to get on some better financial footing. Tellier's fate will likely be the same if creditors get 87.5% of the company or 100%. Sure, we could argue for a better deal, but the longer this drags out the harder it will be on the company. I've said it on this board before -YLO does not have hard assets like Abitibi, Tembec, or Glacier. It's only real assets -customer base, employees, trademarks, and brand, are highly susceptible to erosion, and this will definitely occur if the company gets dragged though CCAA. Sure, they could wait it out, continue on, with debt repayment looming, hoping things get better (or at least, not worse), but it's tough to run a business of this size without access to capital markets. In either case, everyone will likely be worse off without a recapitalization (except perhaps the banks, but who cares about them eh!)