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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Yellow Media Inc
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Comment by Baxter4on Dec 12, 2012 3:55pm
138 Views
Post# 20721363

RE: RE: RE: RE: Preferred A Legal Claim..?

RE: RE: RE: RE: Preferred A Legal Claim..?

The cor4poration is able and there currently is no law (or judges decision) which states they can't redeem the shares. The banks will object though.

(d)

 

if the Corporation is unable, under applicable law, to redeem any or all of the Series 1 Shares requested to be redeemed on the Retraction Date, the particular shares to be redeemed, if any, shall be selected on a pro rata basis (disregarding fractions).

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