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



TSX:FUT - Post by User

Comment by BayWallon Oct 31, 2012 9:38am
82 Views
Post# 20543454

RE: RE: RE: RE: RE: This and that

RE: RE: RE: RE: RE: This and that

I'm guessing those who want to buy the company either must assume the debt or pay it off. No free lunch or low ball offers. There's roughly $11 million to pay off. Some creditors could be satisfied with a debt for share offer. But then must convince them that Futura will gain in stock price and has a bright future ahead.

 

The company had a news release relating to this, but if the business is not performing well, then debt holders will demand payment instead. If Futura was making not $2 million but $3-4 million revenues, maybe this debt thing would be settled. But they don't have the core number of merchants to support the debt in any form, shares or cash.

 

If Futura can't be sold for at least $12 million, shareholders will see nothing.

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