RE:CCAA statute. Good to be aware.Recent history Look up the dog (JE) Just Energy .Even Jimmy Pattison lost big . So they did a share consolidation of ten to one . Zero value times ten is still zero. Texas cold snap put it into total bankruptcy. Company finally taken private by creditors and dissolved . We got nothing
In this casae of Corus we have to watch revenue . I.E. needed to service debt. If the cost of servicing goes higher than net income it is Chapter eleven.One rumour is the Shaw family through class a holding may make it private. Make an offer of hundred and fifty million.HMMM not a bad scam .Considering the hundreds of millions they made on the ipo release creating Corus