2242749 Ont Ltd. AIIFF

Stunning Results

[Thethruthhurts]

The results are poor as promised. The simple fact is the company will never dig itself out of the hole its in. The assets are old and tired. They were bought for way too much money. They relied on entrepreneurial operators that had different measures for success. Management tried to corporatize companies that were lean and could react to opportunities in the market place. Armtec has no access to capital to invest within itself to catch up to their competitors. The wolf pack is moving forward and the tired emaciated old toothless wolf is desperately dying at the side of the trail. 407 deal is not exclusive. Other suppliers are involved in making girders for the job. The sound wall job on the rail right of way is not locked down yet and if Armtec gets it -- they won't be as profitable as Durisol was when they supplied the last big sound barrier jobs. Durisol owned their own building where they made sound wall and Armtec rents it. Everywhere you look there is a bad deal waiting to bite you in the ass. Why did they let Scotia Cap walk and do the deal with Brookfield? Mark Anderson foolishly walked into a mess but he thought he could fix it but he hasn't. His Armtec is not performing at all and it will never achieve a market cap that will cover the book value of purchased assets. Its a mess on all fronts and only getting worse. Management needs to be responsible to the board of directors and accept their failure and resign. The assets need to be sold for market share to direct competitors and bury the name Armtec. Its a low tech no tech company that markets itself on the leading edge of infrastructure supply as its really falling into the abyss of companies that over promise and under deliver. The sad thing is when it was all put together it wasn't a bad idea and could have worked but management kept the wrong people and got rid of the right ones. Too big to fail? Maybe it was but now its sinking like a sunset. Good night John Boy @MarkAnderson please turns off the lights as you leave. You don't have to go down with the ship. #armtec @armtec