iShares 1-5 Year Laddered Government Bond Idx ETF T.CLF

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-5 Year Laddered Government Bond Index (the Index), net of expenses. To achieve fund's objective the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.

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iShares 1-5 Year Laddered Government Bond Idx ETF

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Comment by huxleyon Jun 28, 2004 4:19am

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Post# 7655860

RE: Sorry but looks like all is down?

They did a new $300,000 at $0.05 financing end of April. With a burn rate of $60,000/month that will last them to the end of September or October is my best guess. If they don't succeed in making any sales during that period they are probably finished. Present management does not seem to have a real game plan, actually it feels as if they don't have a clue. huxley

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