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Bullboard - Stock Discussion Forum 2242749 Ont Ltd. AIIFF

"2242749 Ontario Ltd is a infrastructure and construction company, combining engineered solutions, relevant advice, dedicated people, products and a national presence with a local focus on exceptional customer service."

Bullboard (GREY:AIIFF)

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Comment by duckdog68on May 23, 2015 9:02pm

RE:RE:New Monitor's report, May 21

Correct, unless a transaction "superior" to the Brookfield Transaction was arrived at which paid off Brookfield, satisfied other creditors, and relished shares on an exchange.  Looking ...more  
Comment by retirebefore50jon May 23, 2015 6:46pm

RE:New Monitor's report, May 21

So that says it all. My 2000 shares aren't worth a damm things. 
Post by duckdog68on May 23, 2015 12:59pm

DWPV Partner...

Jay A. Swartz's bio page lists him as "acting" on behalf of Armtec Noteholders committee. https://www.dwpv.com/en/People/Jay-A-Swartz He's clearly had a lot of experience working ...more  
Post by duckdog68on May 23, 2015 11:42am

New Monitor's report, May 21

For those interested: [url=https://documentcentre.eycan.com/eycm_library/Armtec/English/Monitor's%20Reports/2ndReportoftheMonitordated21May15.pdf]Link[/url] Highlights: - Armtec seeks to extend ...more  
Comment by HRc60to65on May 19, 2015 7:29am

RE:RE:RE:RE:new armtec

The loan is 30 M$ and recevable is 155 M$
Comment by 2Greyingon May 18, 2015 11:05pm

RE:RE:RE:new armtec

Receivables are used to secure their operating loan with CIBC.
Comment by HRc60to65on May 18, 2015 10:03am

RE:RE:new armtec

A portion of the 155 M$ of receivables can be due by Brookfield affilialed, like Broofield Properties for sound wall or building facing panels etc. If it the case Brookfield was creditor and debitor ...more  
Comment by Steelveton May 15, 2015 7:17pm

RE:RE:RE:RE:Confused about what is going on here

Upper management will laugh all the way to the bank. Anderson's employment contract calls for $1.2m if the company is sold or taken over. 
Comment by KevinGSon May 15, 2015 6:20pm

RE:RE:RE:RE:Confused about what is going on here

Writing this off and moving on is probably the rational thing to do.  After seeing the financial results, I'm a little surprised that Brookfield even proposed "the transaction" ...more  
Comment by 2Greyingon May 14, 2015 11:14pm

RE:RE:RE:Confused about what is going on here

The truthhurts has it right. Last quarter shows a lot of the previous losses were hidden and are coming out now. The thing that puzzles me is the lack of action by note holders...maybe they have a ...more  
Comment by Thethruthhurtson May 14, 2015 5:13pm

RE:RE:Confused about what is going on here

Just saw the Q1 results on line and am a bit surprised at how quiet its been online. I don't really feel any win or gloat in saying I told you so -- but me along with a few others did. The sad ...more  
Comment by Thethruthhurtson May 13, 2015 11:29am

RE:Confused about what is going on here

My understanding is the Brookfield is in first position here and has gone through the legal minimum's to get things to this point. New Armtec will operate enough to achieve a performance that ...more  
Post by KevinGSon May 13, 2015 10:35am

Confused about what is going on here

Ok, I get that Brookfield is a secured creditor.  However, the company is in CCAA.  I am probably missing something, but doesn't there have to be a Plan of Compromise voted on by the ...more  
Comment by leo101on May 12, 2015 9:09pm

RE:RE:new armtec

thanks for the info.
Comment by duckdog68on May 12, 2015 8:32pm

RE:new armtec

New Armtec is an affiliate of Brookfield Capital Partners Fund III LP - this is a private equity fund.  Brookfield Transaction means bye-bye to existing shares effective June 1, unless ...more  
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