Re: No news
in response to
by
posted on
Sep 17, 2022 09:14AM
"They could pony up a bit money and hold the keys to the potential fortress but nothing yet??" (bolding added)
Yes...this scenario may be their only way out because individually a competing buyout (amongst themselves) for RVX would be costly. In a sense, this ended up as an unintended poison pill of sorts protecting minority shareholders. And if they don't pony up they could very well be biting their nose to spite their face and end up in CCAA, creditors protection. I just can't see another major partner coming in with an equity interest at this stage of the game to save the day and fund BOM2. Perhaps it was the major shareholders that blocked the 5 year BOM2 plan tada alluded to in his post.
Just saying ... Koo