GREY:BXEFF - Post by User
Comment by
miketrikeon Oct 05, 2019 12:14pm
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Post# 30199727
RE:RE:RE:83.5% of shares are held by former note and debenture holder
RE:RE:RE:83.5% of shares are held by former note and debenture holderAlso remember the board is controlled by the 83.5% as part of the recapitalization
"As part of the Recapitalization Transaction, and in accordance with the Plan of Arrangement, certain of Bellatrix’s directors resigned effective upon implementation of the Plan of Arrangement and four new directors have been appointed to the board of directors of Bellatrix pursuant to the Plan of Arrangement, resulting in a board of directors comprised of 7 individuals."
I don't think the board is going to approve anything that screws over the 83.5% that got them appointed!