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2,916 Posts.
118
11/03/14
22:52
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Tpg bought the bad loan from fortis bank and I believe bad debts were settled.
Fortis however did have security over Clear Creek.
What we have not seen however is how share holders will be affected.
Fortis lost many tens of millions, why would they allow shareholders to retain $7m worth of market capitalization...
I doubt that they will..
Don't be surprised if part of the relist and capital raising is buying back Clear Creek from TPG or other interim financiers
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