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Aegis Brands Inc T.AEG

Alternate Symbol(s):  SCUPF

Aegis Brands Inc. is a Canada-based company that owns and operates St. Louis Bar and Grill (St. Louis) and Wing City by St. Louis (Wing City). St. Louis Bar & Grill service wings, fries, and garlic dill sauce, and their local neighborhood restaurants offer service in a casual sports bar and grill setting. Certain of St. Louis products are available for purchase at selected grocery retailers in Canada and online through their application and Amazon. It undertook construction on two Wing City fast-casual locations in Toronto. Wing City focuses on offering St. Louis wings, boneless, plant-based wings and fries and dill sauce. The menu also includes various items, such as chicken fried ribs, and a chicken thigh sandwich. It owns about 73 St. Louis franchised locations across Canada and three corporately owned restaurants.


TSX:AEG - Post by User

Comment by DeltaJeffon Dec 09, 2020 10:59am
230 Views
Post# 32067163

RE:RE:RE:RE:DN to buy out AEG

RE:RE:RE:RE:DN to buy out AEGLet's sober you up a bit...

Corp "X" is not making enough money but has some valuable assets. Corp "Y" offers a $4m loan secured by certain 'specific assets' with only interest owing against the $4m. Corp Y is now protected in case of bankrupcy, or creditor protection. Corp Y finds Corp "Z" wanting those 'specific assets' AND has $4m in (cold, hard, unencumbered) cash. By doing it this way soon Corp X might stay outside of bankrupcy, Corp Z can make a deal that buys those 'specific assets', paying down Corp X's debt with Corp Y. Corp X ends up with $4m in cash from the sale when Corp Y is repaid. Corp X will find this sale to be useful to delay, or prevent a bankrupcy which would be good for share holders of Corp X (AEG.T) 

Sounds like a deal that satisfies all three Corps. 

I'm in (as a share holder of Corp Z (??.T).
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