Originally Posted by
twisted wrench
Reading CHC explanation they are using the grace period to defer this payment, I am assuming since April 30 is the end of the fiscal year. Makes the books look better to not pay out 46 million until after the year end report is released.
As the statement said CHC has the money to make the payment just using there grace period allowed to not make the payment at this time.
The Moody´s report call CHC a Canadian company? Other then having a office in Richmond , BC , I would not call CHC a Canadian company and has not been for some years.
Maybe there were mixed up with CHC and CHC Canada?
Dependent on where the parent corporation is registered and where that Corp owes its taxes?