Looks like I'm the only one left Don't know what to say anymore. Maybe no news is good news. If it was all over, I would have issued a news release this week. It seems that they wish to continue; " CCAA protection......giving opportunity to pursue restructuring alterantives". "Will consider strategic investments and combination opportunities". (October 17th news release).
The reference to the contractor was a cut of sorts. Futura's management over the years continue to say "look forward to acheiving profitability..." In light of the losses each year, a person may wonder if Futura even knows what it takes to be profitable. The contractor is well aware in my example. Whether it's buying real estate or renovations, the profit margin an nature of an transaction is carefully calculated.
The business world can throw a monkey wrench into the best plans and estimates. And he has seen losses, but they were matched by even more profits. Thus the millionaire. Not trying to put down anyone by the example, but there certainly are opportunities for profit, other than the loyalty business.
Saying that, I have no suggestions. The contractor's example has a long-term timeframe. Not exactly the thing impatient shareholders would want. I tried to discuss new business ideas over the past 6 months but a recommendation remains illusive.
Futura may still go into another line of business, but that brings with it it's own start-up issues and that dreaded learning curve. So, like the other shareholders, we wait for that defining news release