Post by
Pennyscalper99 on Oct 14, 2022 11:18pm
From XBC
Various factors, including difficult financial market conditions, inflation and increased costs, supply chain pressures and legacy contracts, led us to make this difficult decision. The CCAA is a Canadian legislation that provides businesses with the opportunity to restructure while continuing to operate, and initiate a court supervise sale and investment solicitation process. The Company is working very hard with its lenders to secure the required financing to pursue its restructuring while continuing to operate.
Comment by
Ottery on Oct 15, 2022 1:22am
Where did you find this message ?
Comment by
Pennyscalper99 on Oct 15, 2022 2:33pm
All shareholder rights are stayed throughout the process. It is impossible, at this time, to determine the outcome for the shareholders.