08-01-2019, 02:22 PM
After spending the last few hours reading through the PWC docs my professional opinion is we're all screwed.....the only thing we can hope for is that it does not pass and they go into liquidation - which will be impossible unless Ed Kopa is allowed as an affected creditor, which its seems like they wont be.
They're going to gut NMI of ~330 million in assets (from Nov 2018 financials) to pay off ~44 million in claimed creditors (from 3rd monitor report to the court), then file bankruptcy for NMI (us) which in their words "does not carry out any operations related to the SMS or nodule business".
There really is no hope. August 8th, 5 pm (Vancouver time) this wild ride comes to an end.....
They're going to gut NMI of ~330 million in assets (from Nov 2018 financials) to pay off ~44 million in claimed creditors (from 3rd monitor report to the court), then file bankruptcy for NMI (us) which in their words "does not carry out any operations related to the SMS or nodule business".
There really is no hope. August 8th, 5 pm (Vancouver time) this wild ride comes to an end.....