TV taking $ from general public and the gov'sAs of Dec 2018, the general public owned roughly 82% of the total PLI float of 716 M shares.
So that = 587 M shares at, let's say, an average SP of 1.20$ = 704 MCAD of equity value wiped out by the TV scam.
Since investors will benefit from the 25% tax savings (prov+fed), it means that TV received 'free' contributions of 528 M$ from the general public and 176 M$ from the prov+fed governments.
The above scenario applied to me, except that I was able to salvage some $ from this scam by selling last year but I did benefit from the tax savings on my PLI significant losses.
They will create value with PLI (likely under a new name) going forward and keep all the proceeds.TV should put a full page in the G&M (that it owns...) to thank the PLI shareholders and canadian governments for transferring 700 M$ of wealth to their family...