Read report,
CMPL wind up is the responsible thing to do for the $7M trade creditors etc, no impact for CMR shareholder as no assets held in this company.
I see VA is calling the proposal a 'holding' DOCA, this is to keep things in play and allow more time to negotiate with HNC or any interested party. Liquidation of CMR is the last thing you guys want and certainly not in GT & Cornell's interest.
I would love to get a copy of the JV agreement and MoU late last year that has only just surfaced, again a material matter that should have been disclosed, but that would be keeping the shareholders informed under continuous disclosers requirements and we can't have any of that!
My recommendation is vote for DOCA, it does not exclude shareholders from lodging claims and proving up, it only stops creditors from winding up CMR.
I have another strategy for you guys but not on this forum, will email cuzo.
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439a report, page-19
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