GREY:LFDEF - Post by User
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URthereumon Jan 07, 2021 9:00am
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Post# 32240667
RE:RE:Monitor's report
RE:RE:Monitor's report Question for community: does below mean that they our shares will still hold value? i.e.) they are just buying Urthecast everything will be same for shareholders?
a) Antarctica intends to operate the Target Business as a going concern uninterrupted by the transaction which would: - i. would provide an opportunity for the continued employment of approximately 112 employees worldwide, including: 1. 32 employees in Canada; 2. 63 employees in France; 3. 10 employees in USA; 4. 7 other employees worldwide.
- ii. maintain a corporate head office presence in British Columbia for an emergent satellite and aerospace company with an objective to make investments of over USD $180 million and deploy 18 Satellites into space and materially growing its headcount in the future;
- iii. allow for the continued uninterrupted performance of contracts with the Target Business’ customers;
- and iv. providing suppliers, including current creditors of the Petitioners, with a recurring customer, and customers with a recurring supplier.