The sale will be part of
a larger liquidation of assets belonging to convicted criminal Aaron Michael Shamo.
The sale will be part of
a larger liquidation of assets belonging to convicted criminal Aaron Michael Shamo.
Not exact matches
Some
of these funds provide far more liquidity to the customer than the underlying
assets in the fund, and it is reasonable to worry about what would happen if these funds went into
large liquidation.
An individual's value to his creditors at time
of filing a consumer proposal comprises his
assets valued at
liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools
of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the
large majority
of us, less than our debt in any case.
A
large part
of these receivables are the tax
assets created in the Sapec transaction, but they also contain the DNIB Unwind (
liquidation trust) shares at cost and the remaining Primo Water shares held in escrow at market value.
Fire - power covers a host
of tactics: Sometimes it's just sheer weight
of money (and they become the
largest shareholder), but it also includes nominating directors to the board, conducting proxy fights, deposing and / or appointing management, suggesting operational changes and / or
asset / business sales, scaring up bidders for a company (or even bidding themselves), demanding strategic reviews or even wind - downs or
liquidations, etc..
This fire - power covers a host
of tactics: Sometimes it's simply sheer size (they become the
largest shareholder), but it also includes nominating directors, conducting proxy fights, deposing / appointing management, recommending operational changes &
asset / business sales, finding bidders for the company (or even bidding themselves), demanding strategic reviews or even wind - downs /
liquidations, etc..
Some
of these funds provide far more liquidity to the customer than the underlying
assets in the fund, and it is reasonable to worry about what would happen if these funds went into
large liquidation.
There might be another drawback to acquiring Ramco's portfolio, however, as so many
of its
assets are based in areas hard hit by the recession and feature
large concentrations
of big - box tenants, a sector most affected by the recent spate
of retailer bankruptcies and
liquidations, adds Magerman.