Do you actually think Cormark would undertake this financing if they knew it might be denied because of liquidity concerns?
Not a chance.
Then financing was announced on February 1st 14th.
Presumably it had been in the works for a couple of weeks.
It was denied on February 23rd.
Do you think Cormark saw that coming?
Do you think they were given all the facts?
Do you think Cormark regrets attaching their name to an underwriting that would be denied for these reasons.
You bet they do.
They already look like idiots.
Cormark will walk away from this.
Then what?