Guestlogix Inc T.GXI.R

july 13 transaction not approved, so here is the compromise

[mingzhu]

That is what i believe

Status of File as of July 29, 2016

On July 29, 2016, the Applicants filed a motion for an order, seeking among other things:

1. Authorizing the filing of a Plan of Compromise and Arrangement (the "Plan") in respect of GuestLogix Canada;
2. Authorizing and directing GuestLogix Canada to call, hold and conduct a meeting of creditors (the "Meeting") to consider and vote on the Plan;
3. Approving the procedures to be followed with respect to the call and conduct of the Meeting;
4. Setting the date for the hearing of the Applicants' motion seeking sanction of the Plan (the “Sanction Hearing”) should the Plan be approved at the Meeting; and
5. Approving the Information Packages (as defined in the Meeting Order) and the other proposed methods and forms of notice of the Meeting and the Sanction Hearing.

[Growthandprospe]

What does that mean for shareholders like us?

[joesterth]

Bad news. Page 16 Paragraph 46 "No recoveries are available to equity claims." Looks like game is over. It's been a long journey since the beginning of this year. Brutal blow to my portfolio. Was careless with the red flags.. but then again hindsight is 20/20. Best of luck to everyone with their future investments. https://www.pwc.com/ca/en/car/guestlogix/assets/guestlogix-097