GREY:FTPLF - Post by User
Post by
Contrarian333on Dec 16, 2019 10:15am
210 Views
Post# 30458952
Reorg/shareholders
Reorg/shareholdersIt is up to shareholders now to fight for a fair share of the post reorg equity. The Tembec reorganization could serve as a template.
Shareholders have poured a lot of capital in to the Thurso mill. IQ has lent money but if you look at the jobs created and the benefit to the region from supplier businesses, etc. you will quickly see that there is a huge imbalance in the reward to the region (the gov't as per IQ) and to that of shareholders.
Everyone understands the prority of creditor claims, but the shareholders have a "nuisance position" and a legitimate claim of "fair enterprise".
Shareholders should make themselves heard.