Old PSG Wind-Down Ltd PSGLQ

RE:RE:Buying back in!

[kennethjw]

A week ealier the ex-chair was also on the record saying if the company went into receivership he would buy it.  Which means zero for the shareholders.

With so many issues and headwinds facing this company, it would suggest to me that if someone was going to buy this company, it wouldn't be at a significant premium to the current market value.

Why bother trying to convince shareholders to accept ~CAD$2.50 bucks per share when you can buy it from the bank.

We'll see how it plays out.  PSG has hired debt restructuring consultants, which suggests the business isn't strong enough to pull itself out of this mess.

For good or ill