posted on
May 11, 2016 12:20PM
Welcome to the Crystallex HUB on AGORACOM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Message: Re: Tenor
So how does your argument fit that commons are being purposely protected here? Twist this CCAA situation around all you want, but CCAA is all about keeping the business (the company/management) alive long enough to pay off the debt. Creditors may or may not get paid back in CCAA, and not always the full amount. There is no guarantee for creditors. Unless, there is a "groundbreaking" judgment, where the creditor becomes the management/company.
Yep, commons are being protected on purpose. The percents say otherwise. It's just business.
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