Post by
savyinvestor333 on Sep 29, 2022 7:25am
$.10 per we come
I have my doubts this CCAA protection will work out as good as Reitman's. When trading resumes I expect we will be $.10 otr less. May be halted for awhile may be transferred to Venture For a reference point Reitman was around $.075 when trading resumed after declaring CCAA and is now $1.70 with no dilution.
Comment by
filoux004 on Sep 29, 2022 7:52am
The Reitman plan of arrangement took over 6 months. Shareholders wiped out. I guess will have to see if a new strategic investor comes into the picture or most likely the assets and IP will be sold off. Peace
Comment by
TheCount11 on Sep 29, 2022 8:09am
The shareholders who sold were wiped out. The shareholders that held on still have their Reitmans stock while the company is revitalized with lower occupancy costs and a focused management.
Comment by
filoux004 on Sep 29, 2022 8:12am
Politely Reitman is a whole different animal....they have a real estate portfolio of 70M plus daily cash flow . My humble guess is XEBEC will cease to exist and assets/IP sold off. Peace
Comment by
TheCount11 on Sep 29, 2022 8:17am
agreed. Reitmans didn't owe the bank. Xebec owes the bank and they have pledged collateral.