It remains uncertain whether negotiations have been initiated toward salvaging bankrupt St. Marys Paper Corp.
Speculation had Ernst & Young, court-appointed receivers for the cash-strapped Sault Ste. Marie specialty paper manufacturer, making a Tuesday sales process recommendation to the Ontario Superior Court of Justice (Commercial Division) in Toronto.
Nobody has been able to confirm such an appearance took place there has been no posting on the receiver's restructuring website, but Sault Ste. Marie MPP David Orazietti, who announced the appearance in a Monday release, believes it did take place.
