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Bullboard - Stock Discussion Forum Argex Titanium Inc. ARGEF

Chemicals Basic Materials
"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."

GREY:ARGEF - Post Discussion

Argex Titanium Inc. > DIP Financing...
View:
Post by Napoleon001 on Jul 21, 2019 7:52pm

DIP Financing...

Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law...so it appears that someone has loaned the company $1.5M to keep the company afloat for at least  a few more months.
Comment by Napoleon001 on Jul 21, 2019 8:08pm
DIP financing supports restructure over liquidation...so maybe we are not all losing our entire investment after all 
Comment by Napoleon001 on Jul 21, 2019 8:25pm
https://www.pwc.com/ca/en/car/argex/assets/argex-006_071719.pdf ....this is the PWC document...someone has loaned Argex $1.5M to keep them afloat...Argex only needs  about $450K of it now...
Argex Titanium Inc.