Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum CRS Electronics Inc V.LED

TSXV:LED - Post Discussion

CRS Electronics Inc > CRS Electronics defaults on loan, lays off all workers
View:
Post by jerrio78 on Oct 13, 2015 11:50am

CRS Electronics defaults on loan, lays off all workers

 

CRS Electronics defaults on loan, lays off all workers

2015-10-09 18:14 ET - News Release

 

An anonymous director reports

CRS ELECTRONICS DEFAULTS ON LOAN AGREEMENT COVENANTS

CRS Electronics Inc. is in default of its loan agreement with Divinci Private Debt Fund. The loan amount is $1-million at 18 per cent for a total of $1,014,559.08. While co-ordinating next steps with Divinci Private Debt, CRS Electronics has laid off all workers.

Scott Riesebosch resigned from the board of directors but remains as the company's chief technology officer.

We seek Safe Harbor.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aLED-2316581&symbol=LED&region=C

Comment by Farmer9 on Oct 14, 2015 8:41pm
Very, very sad.
Comment by Wolfe666 on Oct 15, 2015 8:55am
Sad indeed...I guess this is the end?
Comment by Farmer9 on Oct 15, 2015 11:51pm
Looks like this is the end. Hard to believe a company can evaporate so quickly. Poof! They are gone!
CRS Electronics Inc