OTCQX:SREMF - Post by User
Post by
Oregonduckon Apr 14, 2015 2:26pm
241 Views
Post# 23628478
Some Examples of CCAA Companies
Some Examples of CCAA CompaniesFor e.g., investors in Nortel, Air Canada, Canwest Global, Jaguar Mining etc., etc., lost all or practically all their money after CCAA was wound up. https://www.cbc.ca/news/business/when-a-company-tries-to-reorganize-1.790181 What happens to shareholders? Holders of common stock are typically last on the list. Quite often in CCAA proceedings, they get back none of the money they invested. Their old shares become worthless and often new shares are issued in the restructured company.