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Rodinia Oil Corp. V.ROZ



TSXV:ROZ - Post by User

Post by stockeditoron Mar 28, 2014 7:47pm
185 Views
Post# 22384491

What happens next??? The company's

What happens next??? The company's
affairs, will have to be carried on by Court Appointed Officers. The officers resigned, because they do not want to be held liable, for any Company transaction, we will probably see a CCAA filing. I find it suprising that they waited until the last moment, and then bailed out. I am not sure that they can shed all of their responsibility for stewardship of the Company. I think I once said that the Company has at least a five cent value as a tax loss Company. The company obviously has no cash to operate, so the suits bailed out. However, there could be a plan on the table that could move the Company forward, subject to some new funding. It will now be up to the Courts to call the shots from now on. I am sure that the old management has probably filed a last ditch plan with the court, before resigning.
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