Historically, a company filing for bankruptcy protection is seldom a good thing for shareholders.

CCAA can go on indefinitely as long as KRY can make the appearance of moving forward in negotiating a plan with the creditors, and then enacting that plan. Jan 21 is likely the first of many more CCAA protection deadlines to come.

The PP, according to the last PR, was implied to still be in negotiations. However, with the CCAA order, the plan for company reorganization to pay creditors is now likely at the top of the "to do" list. The PP will likely be a significant part of the plan. What the referred to investor does now until the plan is revealed, only they would know.

DIP financing is to keep the company solvent while under CCAA protection. Until the plan is revealed, the PP is not a consideration for keeping the company solvent.