Quote:
Originally Posted by CedarMeter
So let's say someone invested 25 grand into this company. What are the chances of them getting their money back in this type of situation?
|
I think it depends on what project the money is invested in. The US holdings are not included in this restructuring and are doing pretty well, especially given the currency appreciation. But like the other poster said, I don't hold much hope for a profitable restructuring in their CCAA application. They can't sell investments now either so they will have a hard time bringing in new money. If they can liquidate effectively without getting sued by every second person with a debt, then investors might get some money back. But these things can go sideways so fast and you can wind up with very little in the end.