RE:RE:RE:RZE haltedRazor is halted for an initial 30 days with extensions by court approval based upon viable solutions presented, under the auspices of the Bankruptcy and Insolvencies Act, not the Company Creditors Protection Act. The difference is filing under the BIA means management does not believe Razor will survive.
The problem, of course is that all this bone-picking costs money for lawyers, financial advisors and other assorted vulture enablers so unless there is a large discount to market,, its not worth the effort. ( Mea;ing equity holders get promoted to bagholders)