Post by
ewaltz22 on Dec 23, 2019 2:06pm
they are not bankrupt...
they are under protection as per their tweet below:
Bonjour, Une socit qui demande la protection de la LACC n’est pas considre en faillite. En bref, la suspension des procdures en vertu de la LACC permet une socit insolvable de prserver le statu quo afin de restructurer ses oprations et de rengocier sa dette.
Hello, A company seeking CCAA protection is not considered bankrupt. In short, the stay of proceedings under the CCAA allows an insolvent company to preserve the status quo in order to restructure its operations and renegotiate its debt.
Not the greatest of news but perhaps what is needed to start off its new operations
Hello, A company seeking CCAA protection is not considered bankrupt. In short, the stay of proceedings under the CCAA allows an insolvent company to preserve the status quo in order to restructure its operations and re-enter its debt.
Comment by
rob1237 on Dec 23, 2019 2:15pm
Complete loss. Tax loss and perfect timing. All common share holders lose 100 % of their money. Its over with-this one
Comment by
Calgary_AB on Dec 23, 2019 2:37pm
the only way for retail to claim it as tax loss is to forfeith your holdings for deletion to your institution....NMX is not desolved yet so the loss can only be claimed next year.