GREY:CNTTQ - Post by User
Comment by
Jabossson Mar 12, 2021 1:17pm
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Post# 32786351
RE:Class action lawsuit info
RE:Class action lawsuit infoThank you for the info and for setting me straight. Just have a question, if you dont mind. (i just want to understand because clearly I misunderstood some things)
In your first link you sent. What does the paragraph below mean and what is this 50M for?
"The RSA also contemplates the resolution, pursuant to the Plan of Arrangement, of all claims against CannTrust and certain other defendants in the Securities Claims, including Greg Guyatt, Mark Dawber, John Kaden, Robert Marcovitch, Shawna Page, Mitchell Sanders and Cajun Capital Corporation. Upon the implementation of the Plan of Arrangement, CannTrust will, among other things, pay CAD $50 million into a trust that will be established for the benefit of the Securities Claimants. The RSA permits other defendants to elect to join in the settlement of the Securities Claims pursuant to the Plan of Arrangement, subject to certain conditions."
Also, after you clarified everything, I contacted Strosbergco also. So thanks for that. I am curious, do you know what happens to inviduals shares when they participate in a class action like this? I dont actually want to give them up because I do think there is a good chance this recovers. (again im just trying to educate myself)