RE:RE:RE:RE:New Materials from ReceiverOldfart74 wrote: Bennett Jones is not worried since their engagement is with the members of the ad hoc Committee who will have to pay their billings. BJ is just trying to help out the members of the ad hoc Committee who expected to get much higher participation from the debenture holders.
It is the problem with the investing industry, in that small investors trying to stand up for themselves, have to get expensive representation. That scares other investors that have already been beaten down, from trying to join a group that might fight for their rights.
In turn, the guys running the scam, feel protected from being held accountable from their own bad behaviour. (Guys running the scam would be Twin Butte Board, National Bank, FTI, Peters & Co., etc., in my opinion.)
I was always wondering how the investment banker fees would be handled: I wasn't sure how they charged out by the hour. I guess we are finding out they had other ways of getting compensated, versus charging consulting fees.
It should be an interesting court discussion.