Mr. Obvious"Restructure is always bad for the shareholders specially when debts exceeds your MC"
No Kidding Mr. Obvious but this restructure is very different because it is a result of a self created debt crisis and it most certainly wasn't their only viable option available although I am sure their legal team absolutely presented it that way"
"IMO the MC was deliberately destroyed to create the illusion of drowning and the debt was convienently called 5 years early and significantly inflated via unpaid interest. This allowed a newly formed subsidary of SALP who likely had inside information to use debt leveraging to allow a previous 3% stakeholder in coordination with Thomvest to forcifully confiscate 85% ownership using a TSX hardship loophole to avoid a shareholder vote. Then submitting the application on a 3 day weekend where it was rubber stamped without much thought and then of course you welcome the AMF aka "Keystone Cops" to do a cursory investigation in order to wrap it up all nice in case closed legal bow'
While I do think a lawsuit is a longshot I do not think it is impossible all it would take is for one brave whistleblower to grow a conscience and come forward or someone to spill the beans under oath.
The long shareholders would have likely made out significantly better in bankruptcy court as the MC before they started playing games was relatively solid the IP and company assets would have been auctioned off to the highest bidder if the IP was worth the billions of dollars it is supposed to be then the 200Million debt would have been chump change to a potential buyer. The shareholders would have likely also been offered a much better deal than 20-1 if they had been given the opportunity to vote on a restructure.
I am not telling anyone to sell. If you believe in the science and you think this is the greatest management team on the planet good for you invest to your hearts content and be sure and copy and paste the same old post over and over to stay on top of the poster board go for it pump this stock to high heaven but for Pete's sake don't say the restructure and rights offering was fair because that is complete and utter baloney and myself and many others on this board will continue to call you out on that.