RE:this scam has to to court
This is a great scam. You borrow $50 million from Canso, you buy Torstar for $51 million. Then out of the $70 million in cash that Torstar has, you repay Canso the $50 million, give yourself a little $10 million retention bonus (because you've worked so hard), and you have $10 million left to invest in the business.
Then you can proceed to sell off all the other investments, that the auditors think are worth $115 million. For every million you raise, give yourself another $500,000 (could go towards your second yacht), and invest the other half in the star. People think you are great because you are saving the paper, and you can cruise around on weekends. I need to get in on this!