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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by pastafagolion Jun 17, 2013 12:23pm
215 Views
Post# 21532876

RE: An encouraging sign?

RE: An encouraging sign?

Bond - What you are hoping for here.  Its all over.  Any rebuilding will be post bankrupcy and not accrue to the shareholders.  There is no equity value and they owe marret like 75 million with fees and interest.  I have worked on several bankrupcies and believe me even the secured takes a haircut at times.  The unsecured get 1 cent on the dollar.  Don't even talk about the shareholders.  They get a cra tax loss carryforward. A company in bankrupcy needs a cfo.  Thats all they are doing.  I told you guys they would delist in my post a few days before they announced it.  Look back at it.                                                                                                                                           

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