RE: Reply from the monitor18 Mar 2024 06:23
My original post on this thread has moved a long way down due to several posts on the thread not related to this, so I am re-posting it here for info. I am now putting together a list of questions, please add to it!. I did notice in the first report of the monitor that the deadlines can be extended. At the moment approval of the SISP is March 19th....tomorrow, not today....LOIs to be in by April 17th , bids in by May 2nd and auction on May 8th. If there is a lot of interest, maybe the dates will be extended. Although we will not get announcements by RNA we will still pick up the monitor's reports. Here is my post from yesterday evening:
I have just received, Sunday evening, a reply from the monitor. This is in reply to the first, longer, email I sent yesterday, which included a reprint of the letter sent by Stas, plus a lot of my own text:
'The Monitor confirms receipt of your email. On March 19, 2024, the COPL Group will be seeking approval of a stalking horse sale and investment process (the “SISP”) which will provide for a broad canvassing of the market, including offering access to robust data room concerning the asset base. The Monitor is of the view that the SISP will determine the value of the COPL Group.
We also read your allegations below which we will be discussing with the company and may report on in a future report to court.
We are available to answer any other questions.
Thank you,'