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

Today

[Kings_kid]

I don't think there is going to be a lot of good news if any for shareholders today or Monday, however I'm still interested to see what kind of deal they can pull off.  At this point as a shareholder if I get anything at all I would be pleasantly surprised!

[BayWall]

One's thing for sure. No news today.

[BayWall]

The stay period was extended once already from Dec 31 to Jan 18th. A second extension may be asking too much.   As the update stated, unsecured creditors can't all be paid so shareholders are out in the cold. This doesn't mean a deal can be reached with some creditors to exchange debt for shares. But then coming up with a good reason to do such a swap, will be tough

[supercableguy]

They can come to get their money but theres not much to take ....maybe its better to give it 1 more chance to try and make money with the US or something....there is no inventory or building to sell to pay creditors...so maybe they will reach an agreement.....maybe....

[BayWall]

In any of the two following events, financing will have to be secured quickly.   If an extension is to be granted there has to be funds available via DIP Lenders (Debtor in possession credit facility). The four DIP lenders had to increase their contribution from $175,000 to $300,000 to cover operation until Jan 18th (Don Ross, David Beutel, David Campbell and Ted Dzialowski).   If a deal

[supercableguy]

I think we will get something tomorrow.......i just hope we don't die January 21 2013.