The Ottawa Citizen's claim that Versa is putting up capital can't be verified, as the rumours are that between EDC and the rest of the lenders - no new capital is required (unless you call Versa signing the EDC loan as "capital").
Luxton: If I am wrong - publish Schedule A - what are you hiding ?
Can anyone please explain how a company in such "dire straits" as Allen-Vanguard claims, is able to be bought by a US buyer - with the buyer doesn't even put $1.00 cash into the deal ?
Luxton: If I am wrong - publish Schedule A - what are you hiding ?
IF Allen-Vanguard is in such "dire straits", why are so many banks lined-up to loan them money ?
IF these lenders actually DID lose millions - WHY are they lined-up to loan MORE money to Allen-Vanguard ?
Short answer - they KNOW that the assets have been DEEPLY under-valued and are complicit in this conspiracy. They are lending the company new funds, with the debt guaranteed by Canadian taxpayers. While little chance of losing money with this deal, they signed-up knowing that thousands of individual shareholders were going to get ripped-off, and didn't have any reservations about participating in it (like anyone could ever believe that bankers have ethics).
Did anyone get a reply/apology from lead lender RBC ?
(Maybe they are too busy conducting an internal ethics, morals and integrity review ?)
Luxton: If times are so tough - why not open your books up to CCAA inspection, and independent asset evaluation ?
A great deal of care is necessary going forward, as courts don't like being deceived - and we have proof that it has happened, and are building our case.
Anyone looking for a court hearing check here frequently, and please announce it to this board:
cas-ncr-nter03.cas-satj.gc.ca
We can all meet inside the court hearing for an unofficial shareholders meeting, I guess once the hearing starts it will be official.
Nothing filed yet, what are they waiting for ?
(I thought they were in "Dire Straits"?)
Let's go... |
