TSXV:BTI.H - Post by User
Comment by
craighenryon Dec 27, 2022 6:12pm
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Post# 35192880
RE:RE:This shows how the Financing Market is out there
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
"Money could be found" yeah!!
Good one JD.
How many failed financings did DR attempt?
Lolololol
What a clown