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Andover Mining Corp. V.AOX

A precious and base metal exploration company


TSXV:AOX - Post by User

Comment by souwesteron Feb 13, 2014 4:35pm
190 Views
Post# 22207050

RE:RE:GET IT THROUGH YOUR HEADS!!!!!!!!

RE:RE:GET IT THROUGH YOUR HEADS!!!!!!!!No, though shareholders have a claim on the surplus if there is any. We're part owners of the bankrupt company. I used to think there was an option to "restore" the company if all creditors and expenses were paid, but apparently everything is sold and the surplus is distributed. Maybe someone with expertise could consider that. The bottom line: it's a fool's dream to think this will turn around now, if after almost a year the company couldn't turn it around before the rejection of the proposal. IMHO, different management would have saved AOX, but that chance is gone. In any event, IMHO, using the bankruptcy process was a mistake. I believe better approaches were available, which may have perhaps cost some assets but not the whole shooting match. What we have is the worst possible outcome!!!!!!!!!!!!!
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