GREY:BIXZF - Post by User
Post by
TSX-BEARon Apr 21, 2013 10:06am
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Post# 21289076
Time running out
Time running out Term sheet April 30
Actual agreement pending EU approval and actual funding approval by others
Disposition of Saskatoon plant may take some time and less than expected obtained
Cash position critical and Romspen loan due June may create a need for protection
The deal can still be consummated within ccaa during a protracted 2 year build up phase on a provisional basis
with the execs like CS getting paid. The other 2 parties do not need the shareholder baggage or debts liability of the defunct BXI
Bottom line is 6 or 7 cents and charts do not lie and markets are aware of all the information already