GREY:LSTMF - Post by User
Comment by
Pancho2on Dec 30, 2016 4:09pm
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Post# 25655198
RE:RE:RE:News
RE:RE:RE:NewsOldfart, I just quoted what were released in the Company's statements
and I think you should show links on where you getting your information from.
The july 13, proposal did not died and it continued under the CCAA from the CBCA Plan
"On Nov 3, Q3 report, the Company confirmed this
"The Company also obtained approval of our proposed sale procedures which are a continuation of the previously initiated sale and investment solicitation process that commenced on July 13, 2016. In accordance with the terms of the Support Agreement, the members of the Ad Hoc Committee submitted a credit bid (the "Secured Credit Bid") for the full amount of the claims outstanding in respect of the Secured Notes and debt in priority to the Secured Notes"
Yes, the Ad Hoc agreed to pay off all the Unsecured Noteholders and the other Secured Noteholders, and their Credit Bid was successful. Now the Ad Hoc Committee owned 97.75% of the New Company (pro Rata) and the Shareholders have the other 2.25%.
Oldfart and his Alter Ego Oilman. If you don't own shares in the Company, then what is your
Company's interest in LTS.