Good Natured Products Inc V.GDNP.H

Chapter 15 of Title 11

[Passerbuyer]

Well, I guess that's it.

[shareswapper]

Its that it, company and shareholders completely done?  At the outset a filing for CCAA Chapter 15 Title 11 otherwise commonly referred to as "bankruptcy" may not be that extreme.  Why you ask?  Firstly, they may have applied for creditor protection early enough that the still have enough liquid assets (cash) to restructure.  As long as we don't see DIP (Debtor In

[Passerbuyer]

From the last earnings report, it looked like they had enough cash runway to last another couple of months. I suspected bankruptcy was on the horizon and they would need to sell some of their acquisitions from the days of when they went empire building.Pretty short sighted I would say of management to believe cheap debt would last forever, and not prepare for the eventual hikes, when every central

[shareswapper]

I guess the silver lining is at $.015 we were already trading as though we are bankrupt so as long as we continue to trade on the NEX it's hard to picture us going any lower.  At a current market cap of $7.3 Million it's hard to picture us going to $.01 or $.005 at least not more than temporarily.  Might be a bounce play here if it does.  Might keep some powder ready for

[shareswapper]

More I think about it, this might be better news than worse .... Wouldn't be surprised if we opened higher Tuesday morning .....

[shareswapper]

Title of Press Release a little confusing.  It says they are restructuring to persue "sale and investment process".  I guess this means sell some assets and encourage investment in others?  Probably best just to sell the whole thing and make Investors whole at this point.  Let's hope during the sale they get offers for the whole thing.  Well at least the

[Passerbuyer]

I think that's wishfulthinking. It will flatline for a while - it already has. Management has a ALOT of work ahead of them before they can turn this ship around.

[shareswapper]

Not expectimg miracles here, at 2 cents we either drop another penny or move a penny higher ..... I think this is a great poop or get off the pot move for us.  Turn up the heat on making some changes, yesterday.  Honestly think we might be better off in this strategic persuit and having an external Monitor with a fresh set of eyes.  Let's pull enough money from the assets to

[spacegimp]

Does this mean we get to use plastic straws again ? !  Fingers crossed