OK, If that's what you want to think. My opinion is that LDC will get the company for a nominal sum and steal it from us shareholders. We'll see what happens. That's my opinion. No need for the venomous attacks on here for stating it.
No way. The government does not subsidise companies that go under. What needs changing is the law that says we are last in line when any remaining assets are divied up at the end.
Same here Petertee. I was told I was trolling to suggest that this might not come good. The simple case is that there were too many people on here who deluded themselves into thing that this was a sure thing. I had a tiny holding here, but some people a few weeks back put their entire savings into this which is just crazy.
They get the whole business for cheap. The debt is wiped out and they sell the canadian business for a fortune. It's outrageous for us shareholders that this can happen. We are always last in line when a business goes under.
Sorry to be the bearer of bad news, but that is a standard statement about suspension which has been issued by all companies recently which are going into admin.
I never once said a deal won't be done. I am simply saying it isn't the 100% certainty that some posters have convinced themselves of on here. I do hold here. The funding company could easlily send this into a Pre Pack and we are shareholders would get nothing. There could also be a Debt for Equity swap which would make our shares pretty much worthless. At the same time, they could re finance. Nobody knows, yet there are still plenty on here that shout "Deal Done" when they don't have a scoobies.
I thought OPP may boom today after the 47M buy on Friday, but it's gone the opposite LOL!