GREY:CNTTQ - Post by User
Comment by
aurumtraderon Mar 31, 2020 2:41pm
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Post# 30865338
RE:RE:RE:.10 cents bid/ask
RE:RE:RE:.10 cents bid/ask They haven't fild a set of financial statements for over a year so we have no idea what their debt load it like. They may have $159mill in cash but they likely have sizable accounts payable, other contingent liabilities, likely a heft fine (that isn't paid as yet probably) and likely some of the PP&E has been pledged for whatever purposes. This doesn't include the staffing payables they might have on severances as well.
So the CCAA will protect them from all of that for now. I doubt this company survives CCAA.