RE:RE:This shows how the Financing Market is out thereBoomskid wrote: The expert, craighenry, states that without the Midatech deal Bioasis would have to declare Chapter 11.
Why would a Canadian company declare bankruptcy using American Chapter 11 bankruptcy laws? Could they do that? Nah.
Besides, if Chapter 11 or Canada's equivalent CCAA could be used, then Bioasis could be given time to raise money and to make payment arrangements with creditors.
With Dr. Rathjen out of the way at that unlikely point, maybe the money could be found. It would be better to lose half the company to the dilution of equity financings that 90% of it to LT & The Placee, and to then see xB3 go someplace else, just to rub a real good dose of salt in the wounds.
Gee, whiz, craig! Embarrassing.
JD
Ok nut job!!
You have been soooo right for 10+ years hey JD?
And you wanna talk about "embarrassing "????Says the pathetic little man who had to sell shares just to look after his family.
Yeah. Good one JD.
Lemme guess.... youre right this time to hey JD?? Wink wink wink!!
As FTR said......only you and crispi could read between the liines!!
Yes, C11 is in the US. I trade 99% US Stocks so I usually refer to those terms.
DR had no choice to accept the deal or accept bankruptcy. (Sound better nut job??)