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



TSX:FUT - Post by User

Comment by BayWallon Nov 22, 2012 2:22pm
84 Views
Post# 20632632

RE: RE: Still hoping

RE: RE: Still hoping

I can let go, but the CCAA process must be allowed to reach its conclusion. Then obviously after that I will let go. I made and lost money before, and have let go for larger invested sums.

 

But if there's a chance of recovering anything, then ok. We don't know the final value of Futura, nor what some creditors are willing to do. If there are not enough funds left, will creditors be satisfied with a partial payout or are willing to give Futura/new company a chance.

 

The markets are not friendly to many. Exploration stocks and those with debt as you say. Advantex, Futura's peer is loaded with debt and its stock price is 1/2 cent. And even if the company was making money and had mcuh less debt, the stock would still be 1/2 cent because profit growth would be near peanuts.

 

Reselling 3rd party currency is not the way to go, if want to attract attention to the stock. That's why some may say shut downt he company or try something new, but don't go back to being a reseller.

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