Originally posted by Davisite
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I can't see how this can end well for NXE. A company like Arena doesn't want to get into a legal battle with one of its borrowers, not least because of the message it says to other companies think of using them. NXE must be blatantly in breach of the CN's covenants and have really annoyed Arena.
Davisite what you say might be true but no one has made that statement. All we know for sure is that NXE borrowed money that was repayable in 2019 and 2020 and that NXE could make the repayments in shares. If NXE breached the agreement dont you think that Arena would have put that in their demand document?
