Post by
JordanMichael on Mar 29, 2020 8:59am
Some news...
it appears that on the 26th of March, McLeod has bought some more time and the court has granted an extension to the 17th of April from the previous march 31st. Wayland had sent out 128 packages to potential buyers. From that 7 LOI's were recieved. Wayland is working toward finalizing a deal and have asked to extend the creditor protection until april 17th to allow for time to reach a decision. Whether the bids are significant or not or whether any deal will be reached is unknown. We know cryptologic is no longer considering buying waylands assets based on cryptos latest news release. Nice to know 7 parties are interested and have made offers. Hopefully an end is near. It's been a rough ride to say the least. I hope all are healthy and finding their way through these strange times with the covid 19 pandemic. Goodluck all. www.pwc.com/ca/en/car/wayland/assets/wayland-076_032720.pdf
Comment by
vanmorrison60 on Mar 31, 2020 1:36pm
According to the tweet that i just posted it appears that you can't buy the license of a LP unless you also accept the shares of the company.