Oh hey another view of oakie peak showing that there are more product up there in aug then the google image showed. Shall we continue?
With sayin the brand will still be around, Leads us to believe otherwise. Seems you might know something we don't or have something up your sleeve........ Either or doesn't matter. But its a good thing if the brand can continue. Now the question is will Viridis continue? You "don't need to answer that", I was just thinking out load!!
Exactly. At this point nothing matters, really. Because it's too early to tell the fate of any of it. Dan
I think this discussion actually began about 10 months ago when several people here commented on the "boutique" cost/value of the product and the dip which became a trough in oil prices and competitive product pricing. (Yes Mr Middleton, the product is a Cadillac, then again GM was a failed Corp when circumstances got bad). The reply was that the price of oil was not effecting the sale of the brand and that they shipping as fast as they could be bagged (paraphrased). My only comment at the time was that I was a new forum member and found the tenor of a management principle's replies (to use today's phraseology Trumpesk). It was obvious at the time (to me), based on fossil energy prices that if what was being relayed by Mr Middleton here was the true company take on the state of the energy market that the company was in for a real rough go. I had rather thought that what was being said was more in line with an ivory tower's stiff upper lip facade. I guess it was the former unfortunately. I hope current comments are more than a corporate stiff upper lip facade and that whatever shield Canadian law offers between primary and subsidiary is strong enough to resist a breach into the rest of the Corporation for make good funds.
The due date has passed, Just wondering if Viridis came up with the 2.6 mill to cover the dept and whats their next step if they plan on saving the Company? Not sure of what its called in CA, But would chapter 11 be a way to salvage things? Just curious and thinkin out load...............
They did not. There is a Canadian version of Chapter 11 and it works much the same as ours I believe. My former company purchases assets, machinery, on a couple of occasions when Canadian manufacturers went bust. I do not know what the procedures where though as I was not part of the purchase process. The biggest question is whether the "mother" company is isolated financially from the defunct operation, or are its assets pledged.
