Argex Titanium Inc. ARGEF

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"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."

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Comment by Mininggeneralon Jun 25, 2019 8:52pm

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RE:RE:RE:RE:RE:RE:RE:RE:Mininggeneral

Tom, Argex is 5-6 million in debt and the creditors want their money as in all re-structure cases. Mazen proposes $500,000-$1 million to pay them in new shares or cash and the creditors choose to accept. Mazen will own more chunks of the company than now. Motley fool what happens when companies re-structure. Now, the story doesn't always have a completely sad ending. There have been cases where existing shareholders receive something after the company emerges from bankruptcy -- usually a small portion of the newly created stock or a relatively small cash payment. However, it's not a good idea to count on it. It's rare and usually isn't much even when it happens. A study found that of the 41 publicly traded companies that went bankrupt in 2009 and 2010, shareholders of just four of them got any kind of return at all. The rest got wiped out completely.

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