CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

Mark Farrell

[BayWall]

Mark Farrell

President

Inspire Developments Inc

 

2012– Present (less than a year)Ottawa, Canada Area

Inspire Developments specializes in unique infill development opportunities as well as owns and manages a portfolio of multi unit residential apartment buildings. The company also coordinates and manages syndicated real estate investments.

 

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This is real estate. Something I alluded to that Futura may be interested in if they don't want to go the loyalty business route. The idea was to buy foreclosed homes in the US, rent, then hope they rise in value. But the key is to buy strategically and to inspect every home.

 

Not for everyone. i have real estate also, but will make more from selling it, than from the rents. Also, as a building ages, repairs/renovations drain cash.

[BayWall]

Some may think one idea is to do a reverse merger with Mark's private company and then raise money with a new public company. Futura would have do a rollback and then get financed Plenty of money waiting to do real estate in the US according to the Globe and Mail. (November 16, Page B3)   Anyway, the best for Mark in his company.  My immediate concern is for

[supercableguy]

hey Baywall how does L2 look tonight ...thanks

[BayWall]

  V:FUT Market Book By Price 10:17:48 Bid Ask Orders Size Price   Price Size Orders     0.005 9,897,500 24     0.01 1,098,000 9     0.015 792,000 5     0

[gofx]

Wanting something is the easy part.  I wouldn't put much "stock" in the desires of those who've been putting so much of themselves into this... they have to be believers.

[gofx]

You know... a good way to take over this company would be to approach Aeroplan to ensure that they would continue to do business with you... then buy 50+% of the stock.  You might also want to approach some other major creditors to make sure they'd leave behind some assets you'd need.   Someone like me, a startup-to-enterprise IT type guy, could probably find ways to automate

[BayWall]

It's Aeroplan who started the process. No other creditor stepped forward. The list of creditors outlined in court documents is there for reference only.   Any restructuring can't happen in a vaccum. Must involve the major creditors, potential bidders or investors to come around in arriving at a solution.   And usually this is what happens with the CCAA process

[supercableguy]

they gave a severance payment  of about 350 000 dollars..... if  i remember well....to the co founder that left...but '' forgot " to pay Aeroplan.....i dont understand how they do business..........