RE:RE:New Press Release - CORUS ENTERTAINMENT ANNOUNCES FISCAL 2024 THIRD QUARTER RESULTS correction - they were seduced by the Shaws - the minority interest is apparently attached to the Food Network but i have never seen a disclosure anywhere, including the merger documents, that identified the specific assets or their names.
the disclosure failure is directly a result of weak accounting standards
Puma1back wrote: Negative book value of $1.50 now using face value of $750m or so of unsecured debt - i assume though the debt is trading at 40 cents ?
even worse is that somehow in this disaster the $130 m minority investors have lost almost nothing. Clearly when they boight from Shaw they were cheated or more likely lied to by Shaw groups.