Bullboard - Stock Discussion Forum Corus Entertainment Inc T.CJR.B

Alternate Symbol(s): CJREF

Corus Entertainment Inc. is a Canada-based media and content company that develops and delivers brands and content across platforms for audiences around the world. The Company's segments include Television and Radio. Its portfolio of multimedia offerings encompasses approximately 32 specialty television services, 37 radio stations, 15 conventional television stations, digital and streaming... see more

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TSX:CJR.B - Post Discussion

Corus Entertainment Inc > CCAA statute. Good to be aware.

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Post by Masterbuilder on Nov 02, 2023 5:34pm

CCAA statute. Good to be aware.

Just a heads up for anybody here curious about what would, in concept, happen to common shareholders rights when a company seeks to do a financial reorganization. I believe that bankruptcies in Canada are ruled by the Companies' Creditors Arrangement Act (CCAA). Correct me if wrong. So, you can Google it and find out what is involved, God forbid, Corus goes that route. I am hoping not, but I have no gut feel at all at this stage. Cheers.

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Comment by OldtraderVSE on Nov 03, 2023 3:43pm

Recent history Look up the dog (JE) Just Energy .Even Jimmy Pattison lost big . So they did a share consolidation of ten to one . Zero value times ten is still zero. Texas cold snap put it into total bankruptcy. Company finally taken private by creditors and dissolved . We got nothing In this casae of Corus we have to watch revenue . I.E. needed to service debt ...more

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