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Bullboard - Stock Discussion Forum CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

Bullboard (TSX:FUT)

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Comment by BayWallon Oct 18, 2012 12:51pm

RE: RE: Good news

Good response. Actually I look at both sides. Like I have said before on this forum, the debtholders now run the company. I don't know if I mentioned about making taking the company private ...more  
Comment by RE38on Oct 18, 2012 10:57am

RE: Good news

That unlimited ask at .005 sure makes it look like the market thinks it's good news too.   This is what is most likely going to happen, based on my knowledge of other companies going through ...more  
Post by BayWallon Oct 18, 2012 10:38am

Two filings

Debtor's financial statements At the time of filing the initial application with the Court, the debtor company is required to provide a projected cash-flow statement. It is also required to ...more  
Post by BayWallon Oct 18, 2012 8:39am

Good news

I think creditor protection is the best thing which could happen to Futura. Being monitored each step of the way may seem like a hassle, but it will set things straight with creditors and ...more  
Comment by BayWallon Oct 18, 2012 7:52am

RE: Restructuring

The company will be monitored more closely now. https://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/br02284.html Why car dealership sign-ons were slow for the past 6 months, the marketing of Aeroplan ...more  
Post by BayWallon Oct 17, 2012 11:27pm

Restructuring

Another word of mystery. What does it mean? Rollback?   And want prevents creditors from coming after the assets even after this restructuring occurs. The creditor protection will have to go on ...more  
Comment by BayWallon Oct 17, 2012 9:25pm

RE: RE: Trading to resume..news?

Yes. Look what PYN did under creditor protection:    "Under creditor protection, the company has delivered a new and improved version of the Poynt platform to our users, has ...more  
Comment by twebcaon Oct 17, 2012 8:32pm

RE: Trading to resume..news?

Well, PYN just went through this and still is.. their stock is still trading well.   There is always hope
Comment by twebcaon Oct 17, 2012 8:29pm

RE: Game over.......

Well, i get zero. its my own fault for buying this junk.
Comment by scanner18on Oct 17, 2012 7:29pm

RE: RE: Game over.......

history probaby for current shareholders......the rs if it happens 50/1
Comment by gofxon Oct 17, 2012 7:20pm

RE: Game over.......

If they drag it out long enough I'll buy the company 50,000 shares at a time... ;)
Comment by BayWallon Oct 17, 2012 7:14pm

RE: RE: RE: RE: Creditor Protection

Maybe in the end, what is the company worth? Gross margin is $1,000,000/year. How much will someone pay for this revenue stream. Processing division, they say $8 million, but probably less after a ...more  
Comment by BayWallon Oct 17, 2012 7:02pm

RE: Game over.......

Does look bad. Although most of the debt is held byrelated parties or insiders (see annual 2011 financial statements) some lenders may have triggered the trading halt:    ...more  
Post by supercableguyon Oct 17, 2012 6:32pm

Game over.......

well....worse than i tought......
Comment by gofxon Oct 17, 2012 5:37pm

RE: RE: RE: Creditor Protection

Perhaps selling assets or merging with a less cash strapped company... ?
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