2242749 Ont Ltd. AIIFF

Brookfield takeover

[ChasinDaDream]

Brookfield is going  to take over and rebuild the company this is the best news for Armtec in the last few years. Once the company is making profits and out of debt (Approx. 5 years) Brookfield will sell. At the moment nobody is intrested in buying a company thats losing 2,8million a year.

[Thethruthhurts]

Keep chasing....this thing can't be fixed without buckets of money going in for capital equipment....good managers were clipped 5 years ago

[2Greying]

Scenario...Brookfield will take over through new company. Debenture holders will sue and may be able to force bankruptcy. Brookfield or bankruptcy will find the company is worth less than they thought....lot of equipment is leased, lot of plants do not own the real estate, equipment is old and of little value in a bankruptcy, there is no white knight (might be able to sell a couple plants but not

[llennn]

So zero for the zero's