Advantex Another Aeroplan reseller along with other services.
March 2012:
Non convertible debentures $7,412,000 around 12-15% interest
Short term loans $6,455,000
Barely making a profit trades at 1/2 cent. 100 million + shares outstanding. Maybe time for a rollback. Accumulated deficit nearly $30 million vs $36 million for Fuutra.
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If I didn't take a closer look, could be for all intents, Futura.
Advantex is struggling with its own debt load. Maybe CCAA is next. But its nothing to do with lenders plotting to get a company on the cheap. It's appears to be the nature of the loyalty business