RE:They finaly dropped the good newsWHAT A GREAT HEADLINE BY GURU AT 7:24 THIS MORNING.
And by the way where is PRO I mean AMATUER .... laughing at
my conclusion that the divi. Was going to be cancelled. Not even
I thought that the June divi. would be xxd. , unprecedented!!!!
The AC contract cannot be replaced by a foreign carrier, as the majority
of the 6M members are in Canada.... and Westjet cannot fill the void because
of their limited international footprint . The run on points should start in earnest ,
and if AIM does even survive it will be a penny stock.
StockGuru2k17 wrote: The Company currently has the requisite liquidity to pay these dividends, however the statutory capital impairment test legally prohibits us from doing so. Our business continues to perform well and generate strong free cash flow. We reported $331.7 million of cash and cash equivalents, restricted cash and short-term investments and $225.5 million of long-term investments in corporate and government bonds as at March 31, 2017," said Robert E. Brown, Executive Chairman, Aimia. "The Company has been in active discussions with various parties with a view to securing new long-term commercial and strategic relationships post-2020. We believe we have a unique set of assets that are highly valuable and compelling," said David Johnston, Aimia's Group Chief Executive. "At the same time, the Company is also making progress on its plan to remove a further $70 million of costs from the Company through its business review and we will provide further updates as developments warrant."