Member Info for Sharebel

…cont’d

a majority of the proven creditors in that class, by number, together with 2/3 of the proven creditors in that class, by dollar value, must approve of the Plan presented to them. If a class of creditors approves the Plan, it is binding on all creditors within the class, subject to the Court's approval of the Plan. If all of the classes of creditors (and shareholders, if applicable) approve the Plan, the Court must then approve the Plan as a final step. Upon Court approval, the company continues forward as outlined under the Plan until it has satisfied the requirements under the Plan.

If a class of creditors or the Court does not approve the Plan, the company does not automatically go into bankruptcy, but the Stay is lifted. However, once the Stay has been lifted, the pressures that caused the company to initially file for CCAA protection from its creditors will likely return and, accordingly, it is quite likely that the company will be placed into receivership or bankruptcy.

IMHO DYOR GLA

…contd

The debtor can identify a particular creditor or group of creditors as "unaffected." Unaffected creditors are included in the Plan and are not to be paid in the normal course. One of the benefits of the CCAA is that it allows for this flexibility when trying to put together a Plan.

In order to be able to vote on the Plan and receive any distribution under it, a creditor must file a Proof of Claim with the Monitor. The Proof of Claim sets out what is owed to the creditor and is reviewed by the Monitor and the company. Any discrepancies between the creditor's Proof of Claim and the company's records are investigated by the company. The Plan will outline the procedures for dealing with disputed claims.

Ultimately, the company files its Plan of Arrangement and forwards it to the creditors/shareholders. A meeting of the creditors (and shareholders, if applicable) is called to vote on the Plan. For the Plan to be binding on each class of creditors, a majority of the proven creditors in that class, by number, together with 2/3 of the proven creditors in that class, by dollar value, must approve of the Plan presented to them. If a class of creditors approves the Plan, it is binding on all creditors within the class, subject to the Court's approval of the Plan. If all of the classes of creditors (and shareholders, if applicable) approve the Plan, the Court must then approve the Plan as a final step. Upon Court approval, the company continues forward as outlined under the Plan until it has satisfied the requirements under the Plan.

The Plan of Arrangement is the proposal that the company is presenting to its creditors on how it intends to deal with debt it owes at the time of the initial filing with the Court. There are no restrictions on what the Plan can entail. It is not uncommon to see offers to pay a percentage on the dollar of debt, either as a lump sum or over a period of time. Plans can include an offer of shares of the company in exchange for the debt outstanding or a combination of cash and shares. The debtor can identify a particular creditor or group of creditors as "unaffected." Unaffected creditors are included in the Plan and are not to be paid in the normal course. One of the benefits of the CCAA is that it allows for this flexibility when trying to put together a Plan.

In order to be able to vote on the Plan and receive any distribution under it, a creditor must file a Proof of Claim with the Monitor. The Proof of Claim sets out what is owed to the creditor and is reviewed by the Monitor and the company. Any discrepancies between the creditor's Proof of Claim and the company's records are investigated by the company. The Plan will outline the procedures for dealing with disputed claims.

Ultimately, the company files its Plan of Arrangement and forwards it to the creditors/shareholders. A meeting of the creditors (and shareholders, if applicable) is called to vote on the Plan. For the Plan to be binding on each class

Procedure is -

The Companies' Creditors Arrangement Act (commonly referred to as the "CCAA" or the "CC, double A") is a Federal Act that allows financially troubled corporations the opportunity to restructure their affairs. By allowing the company to restructure its financial affairs, through a formal Plan of Arrangement, the CCAA presents an opportunity for the company to avoid bankruptcy and allows the creditors to receive some form of payment for amounts owing to them by the company.

The CCAA is restricted to larger corporations, as a corporation must have amounts owing to creditors in excess of $5 million to be eligible to use the Act. Corporations that do not reach this $5 million threshold can utilize the Division I Proposal under the Bankruptcy and Insolvency Act. The CCAA also allows a company, if it so chooses, to address its shareholders in addition to its creditors. Typically, when the shareholders of the company are impacted by the Plan of Arrangement, they are often given the opportunity to vote on the Plan.

The process begins in the Court system when the company applies to the Court for protection under the CCAA. The Court will issue an Order giving the company 10 days of protection (often referred to as the "Stay") from its creditors to allow for the preparation of the Plan of Arrangement. The Court can extend the Stay against the creditors upon further application to the Court by the company. Typically, the Court will continue the protection beyond the initial 10-day period if the company can demonstrate that it is likely that it will file a Plan of Arrangement and an extension of the Stay is not prejudicial to the creditors, as a whole. There is no time limit on how long the Stay can be extended. During the Stay period, the company will often continue operating, although it may commence restructuring activities at any time.

A Monitor is an independent third party who is appointed by the Court to monitor the company's ongoing operations and assist with the filing and voting on the Plan of Arrangement. The Monitor's duties include monitoring the business, reporting to the Court on any major events that might impact the viability of the company, assisting the company in the preparation of the Plan of Arrangement, notifying the creditors (and shareholders) of any meetings and tabulating the votes at these meetings. The Monitor prepares a report on the Plan of Arrangement that is usually included in the mailing of the Plan.

The Plan of Arrangement is the proposal that the company is presenting to its creditors on how it intends to deal with debt it owes at the time of the initial filing with the Court. There are no restrictions on what the Plan can entail. It is not uncommon to see offers to pay a percentage on the dollar of debt, either as a lump sum or over a period of time. Plans can include an offer of shares of the company in exchange for the debt outstanding or a combination of cash and shares.

Davey I’m not sure I will be taking any school lessons from you, especially as you struggle even with basic grammar! I think you’ll find opinions will vary on all stocks and the caveat is; it’s your choice, your investment, your trade. On the subject of SED somehow being used to discredit any opinion here, a totally different company and situation, I maintain that the risk versus the reward there was worth it. I’ve been doing this for many years successfully and made money on the exact same situations. Over at SED it’s not actually the end of the road as you well know! Feel free anyone at all to filter my posts including your good self Davey50! IMHO DYOR

MADGE you’re confusing and then conflating a hostile takeover where the company who want to takeover buy up over 30% of issued stock this however is a formal sale process takeover offer approach for the entire share capital and in those circumstances the marker for the offer would be a minimum price of the highest price the stock has traded at last 12 months. That would be 1.55 and as they don’t own 30% the offerer; there’s no obligation to accept that figure so it could be priced higher pricing in the IP etc it’s a starting point! IMHO DYOR

Is it a good sign that RBM hasn’t posted here yesterday or today? I think so well I’m hoping so! Interesting that he hasn’t that to me says info can’t be divulged so combined with no RNS this am are we to cautiously assume this is a positive sign? IMHO DYOR GLA

I can sell my entire large holding albeit it’s a cheap ‘do me a favour on your bike’ bid price but they’ll take them from me in one go…so someone wants large amounts of stock…. IMHO DYOR GLA

I keep reading the fantastic offer RNS and if it’s a takeover offer for the entire share capital then the offer must be in the region of the highest price paid within the last 12 months! That is a staggering 1.55 so THAT is the MINIMUM marker for the offer. We should get a formal sale process timetable I’d say beginning of next week, if not even an intraday. The DD if it’s AZ which I think we are all agreed is the likely candidate, should be substantially reduced as they know us already! Exciting times for holders here, not so much for the shorters and spreadbetters amongst us who quite rightly are very worried! IMHO DYOR

No 7am RNS but last time they sneaked one in at 7.54! I’m biting my finger nails but trying to stay positive as we’ve too much right on our side to let the wrong’ uns win! IMHO DYOR and GOOD LUCK TO ALL!

Tight spread for us was just now 5.58 v 5.81 now moved up to 5.75 v 5.99. Interesting are MM about to finally mark us up into dare I say it 7s? IMHO DYOR

The thing is the reason it went up so high from the murky depths of the 20’s was because you had traders making positions here, not just long term investors. It’s pointless saying patience when it’s another possible 5/6 months before the EWT even starts. That’s a very very long time in the Stockmarket and especially AIM. Those traders that helped push up the share price have other bets to make and this isn’t now the sure thing everyone was selling them. Naturally people will take their money out now and wait and without volume and now more uncertainty and time to kill, the volume will also fall away. Even LTH would be wise to sell and buy back when the price has fully settled and I believe that unfortunately will be a lot lower than the current SP! IMHO DYOR

This is seriously a totally silly SP now even if Kibo need to sell a few why then is it difficult to buy any large quantities when they drop back the spread! They drop it then NT buy side! IMHO DYOR

"My main wish is we get to see what the girls can do with the gas taps open with meaningful skin left in the game"

I think there’s a triple entendre never mind double in there somewhere lol Leew ah it’s good to have a laugh. Hopefully it’ll be shareholders who have the last laugh over the likes of Anavio! IMHO DYOR

Fresh out of the Shorters nightmare it’s got to be MADGE or NEIL to the rescue perhaps they can create another new account specifically to alert the ii to stop buying here! Silly sods those ii’s they just want to keep buying and refuse to listen to our selfless saviours giving up their time! IMHO DYOR

MM are sneaking up the real bid and the ask ever so quietly without alerting so they don’t get rushed! Offering me premium for my entire holding. More buy orders to fill on the books yet no stock what a conundrum! No way they’re having any of mine to fill more ii buys! IMHO DYOR

I’m really not understanding why people are thinking they’ve got to rush today to get the ‘bargain’ here lol. You will have months and months possibly until August end of Q3 until they start the EWT to get further testing results in this time SP will drift and equity raised meaning a bell of a lot of further dilution. Which bit of this do the people paying 1.90’s not understand? It just shows the amount of so called investors who have no idea how the AIM market or indeed any stockmarket works. Delays and uncertainty add up to a share price in decline not ascension! This has just created a mini spike to sell into for holders who quite rightly are deflated and want out! IMHO DYOR

Surely that’s indeed a very good sign that yesterday 6th March, as doesn’t he normally signs this off he did last month I’m sure - that he’s stepped down? Will we get notification Canadian time this afternoon I wonder of his departure? Somethings changed for him not to sign this off? That would certainly make the SP have go faster stripes in anticipation of where COPL is at! IMHO DYOR

Neil I think you’re needed at HE1 as it’s tanking over there and no news until QUARTER 3 and more £££ needed! Well here at RENX we are blue today and heading to 50’s this morning! Didn’t you get banned from there for hyper ramping? I think you need to apologise all HE1 holders for your false promises made! Neil if you want in here suggest you buy now! IMHO DYOR

Disco I think you’ve jumped the gun somewhat there’s no basis for this to rally. There’s too many people in profits from lower down all the way down to 20s for them to sit on their hands for months! Know that the AIM market is fuelled mainly by sentiment and news. The sentiment isn’t good here now and the news wasn’t anywhere near what was believed by majority to be expected! That’s down to a lot of hyper ramping more than anything and where’s the guilty parties today? I see no names I’ve seen here daily when I’ve looked in! We’ve seen a stock move up incredibly now it’s moving down incredibly and that reality needs to be digested by shareholders here and fast or see yourself deeper and deeper underwater! The company hasn’t delivered here yet and it remains to be seen if it even will as share price is diluted further until Q3! IMHO DYOR

CPerkins yes that’s my view! The hyper ramping which was very much focussed here and now I can’t see any of the names who were posting the same videos every 5 minutes noticeable by their absence! Wasn’t that awful guy Neil banned from here as he was over doing the ramping. I bet he’s glad he’s banned as egg on face dragging people in here who now won’t see those prices for months if ever again. If he didn’t take his money out at the highs then it shows the fool he is! I think we all know he would’ve sold out a long time ago! What people forget that a stock can rocket up on sentiment but if that sentiment changes and it certainly has today and quite rightly, then it plummets down in the same manner as it went up! The key point is there’s still no reliability here or guarantee we still need to wait months and ii will get a discounted sweetener once we settle at the bottom to dilute further. This needed momentum to sustain and rise the SP and that’s not going to happen now! !IMHO DYOR