RE:Company?tamaracktop wrote: Looks like Greenlane is right behind.
Still trying to comprehend WTF happened here.
Can't see how no legal repercussions yet.
I view it as absolutely blatantly criminal.
We were mislead by management.
Period.
You're back from the PYR Bullboard.
Simple the plug was pulled on September 29, 2023 filing creditor protection one month after Xebec indicated all was well.
Under CCAA, shareholders are not stakeholders, equity claims are last on the list and only collect once creditors are made whole.
The XEBEC Board, Monitor, financial advisors, law firms, entities acquiring subsidiaries/divisions all get releases (immunity).