Here is a Quebec company shafting all shareholders, preferred shareholders and convertible debentures to protect itself, its salary and pension. Too bad this company did not go bankrupt, since the CEO, Marc Tellier is still at the head of this Titanic looking for another iceberg.

The recap was done with a screwed up vote scewed to bondholders, so blame BMO Nesbitt Burns for taking the $50 million to whip out 1/2 of this debt. Now how is this 360 solution that is to kill shareholders and debt, so that Marc Tellier has his little piggy bank.