Post by
dburn14 on May 29, 2020 11:57pm
What am I missing here?
Can someone please fill me in as to what I'm missing here. Based on this report from when FTI received the company https://cfcanada.fticonsulting.com/EagleEnergy/docs/Eagle%20Energy%20-%20Notice%20to%20Creditors.pdf
it says that the total assets were $137.564 million, and liabilities were $41.277 million. FIrst of all, with the assets far outweighing the liabilities, why is this company in bankruptcy? Secondly, how could the company be sold to White Oak for less then the $40 million they are owed...whereas they then gain $137.564 million in assets, and somehow the shareholders are left with nothing? Their debts are more than covered by the asset value? Shouldn't we be suing? Something doesn't add up.
Comment by
dburn14 on Jun 09, 2020 11:15pm
Hello? Anybody? Apparently I'm the only person that cares about getting scammed on this and losing my money?
Comment by
NewEraHustle on Jun 15, 2020 11:49am
Hey, you're not alone here. I'm in the exact same boat unfortunately I don't know the answers either. This board has been dead with lack of information being shared over the last year. The investors on this board seem to not have any concerns about losing money or else you would see many more investors voicing their opinions imo.
Comment by
dburn14 on Jun 24, 2020 4:16am
So what can we do? There must be some larger funds holding a decent amount of shares of this stock that won't be ok with the shareholders getting nothing, when there was clearly no reason for a bankruptcy and wiping out of shares with the Value of the Assets exceeding their Liabilities. Share price inched back closer to 1 cent in the last few days? Something happening?
Comment by
Malfuncion on Jul 23, 2020 8:56am
Sad thing is there’s a lot scams and corruption on the Canadian markets it’s hard to find a good one I’ve lost a lot of cash looking ripped off