Post by
Oregonduck on Aug 16, 2024 6:00pm
CCAA or BIA
I said weeks earlier, the Co needed to file under CCAA protection to give themselves time to reorganize and stop the petition for bankruptcy under BIA. Although getting out of CCAA proceedings would likely end up with a huge rollback in shares with creditors getting a big chunk of the new shares. At least, shareholders would not be totally wiped out under BIA bankruptcy. The gold is there.
Comment by
SWHusky on Aug 16, 2024 8:09pm
duck, Totally true! There is so much here that STINKS, it's beyond the pale that any Yukoner has ever seen. Sad days Indeed.