Twin Butte Energy Ltd TBTEF

RE:RE:Tax pools successor corporation

[kasparovisme]

 Ok I will try again for some who won't drink,

 Oct 2016  CIBC and Peters put out INFORMATION MEMORANDUM- RECEIVERSIP PROCESS

https://www.cibcwm.com/cibc-eportal-web/portal/documents?path=mandates/TwinButte/TwinButteReceivership_InformationMemorandum.pdf

Tax pool balance to June 30,2016   $ 596 million

At 15% fed, 12% prov. Let's say max potential savings over 20 year Carry forward  non discounted approx $160 mill  
You ask yourself what would I pay today to save 160 mil over next 20 years??? Who doesn't want to save? So you say  how do  I do it, and how do I get this for as little as possible. Who needs to be made whole and who doesn't.  And how could they stop me. 

ok, you as a potential buyer need the corporate entity and assets, and employees, and intention to make income from said assets.  In order to be able to use tax pools.  ( go with me on this)

force company into BIA  by getting one of 8 lenders to say they have had enough. Thus calling bank debt. Offer an amount little more than others would have for assets. To make sure you top dog. Make sure all secured debts are covered, Sweeten offer to receiver that if asset sale is approved, you are willing to make additional proposal for company entity via merger or cash purchase of shares,  otherwise you would be happy with just assets. However that would not be in best interest of all shareholders and unsecured debtors,
if everyone goes along you can prove it was you intention to acquire company from the start thus protecting future use of tax pools.

Now we have several pieces of this puzzle in place. 
For discussions  now  of what "substantial" could mean.

Side note 2015 annual had some CRA reassessment potential liabilities ranged between 3-8 million  may need to absorb this  in your estimates.

Good luck
i really hope it works out as discribed above.