Read it.
confirms that the noteholders want to make our shares worth $0 and then tell us to buy new shares with them running the company. Maybe this is why they haven't won in court before. Dumb!!!!!
Raise your hands if you think their plan is a good idea. Write off your investment and then buy your shares back. Not sure what their smoking but maybe it's the same stuff Hugo's on.
I especially liked the part where the note holders wouldn't sign a NDA even though it was part of the bidding process. Kry even made the concession to sign one with their submission but it wouldn't prejudice their court motion tomorrow. This way they would meet the criteria and if the judge said they didn't need on it would go away. They chose not to submit it along with other items required.
The monitor agrees with Kry's plan.
The CCAA has been a bonanza for shareholders information wise.
JJ