Twin Butte Energy Ltd TBTEF

RE:RE:Won't pay for something I was never asked to join

[kasparovisme]

Bennet Jones fees to date on behalf of Adhoc approx $120k they expect additional fees to conclude matter ar an additional $75k.  Nobody is likely to care about these fees. I as a Deb holder expected these amounts for legal fees.
What I am Opposed to is the financial advisor fee of approx $3.15 million which Mcquarie is trying to get. This is not chump change. Especially when the  the Receiver, Peters and CIBC did their listing job as court ordered and were paid $4 million already to find a buyer of assets.  
Don't be fooled, Macquarie is trying a Hail Mary pass to try to imply that they somehow were responsible for HOC submitting a bid. Don't be Stupid!  This fee structure was set b4 BIA and was hopeful that they would have been able to get their foot in the door and structure a deal prior to BIA and if not, then be in a position to be hired in CCAA and share in a restructure fee. Court order and receiver shut them down and stayed with Peters  and CIBC. As stated in affidavit Macquarie fees are performance based. They are trying to claim credit for price obtained in BIA. bullshi1. 

Mcquireie is is smart enough that they know how to secure a deal and would have had an agreement with any buyer in which they offered an opinion to. But this is a stretch even for them. 

That at being said who knows what goes on behind closed doors. Bennet Jones is not working for best interest of all Deb holders with this application. It could get approved if Debs don't speak up.