Q: Hi 5i, David's Tea filed for CCAA and Chapter 11. Seems thier plan is to wiggle out of their lease commitments and emerge from creditor protection focused mostly online and wholesale distribution while maybe keeping a few stores. How does this work for the common equity holders? They have cash and may have a good business going forward but I would have thought the current equity holders would get wiped out in a restructuring. But the stock still trades around the same price as when they announced the restructuring early last week. Who would be buying this stock and why, what scenario would they be banking on?
Thanks
Rob
Thanks
Rob