Corus Entertainment Inc CJREF

CORUS is technically in bankruptcy

[BLUEBERRY5]

There is no way that such a company with a barely $0.15 stock can achieve a turnaround, with such a huge debtload.  The following sequence of events will be lawsuits that will emerge from mainly institutional shareholders, then board members departure, then a Companies Creditors Arrangement Act filing.  The Shaw family wont in my view aim at buying the company until it is declared insolvent and a liquidation process gets underway under Court supervision.

[mnztr]

Stock price has no bearing on banruptcy. All thatt matters is cash. 

[SunsetGrill]

Ahhh WHAT?? I'm pretty sure the stock price has an effect on your ability to raise cash (i.e. the banks are not about to hand over any cash) in order to pay your bills - which eventually leads to ummm what?? Starts with B and ends in ruptcy

[Toweringmars]

There are plenty of ways.  You cant kick off class actions in Canada for this kind of thing. Its listed on the TSX not the US sides. So thats out of the question. Institutional holders are going to sue for what? Things covered by forward looking statements? The Shaw family arent going to try and buy anything. Theyre trying to get out of the businesses and liquidate. Hence the merger with