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



TSX:FUT - Post by User

Post by BayWallon Dec 05, 2012 11:20pm
217 Views
Post# 20690342

To sell or not

To sell or not

It could well be a sale: Paragragh 14 (Nov 13, 2012) court document:

 

`Quote: However, on the other side of the scale is the evidence from Futura that 75% of its revenue comes from the resale of Aeroplan MIles and under its SISP it is seeking to secure a going-concern`` sale of the company`s business.``

 

`Here the judge was debating whether to maintain the prepaying merchant customers as continuing customers because so much revenue was earned by reselling Aeroplan Miles. This affects the viability of Futura as a going concern.`` Also it makes the company more attractive to potential buyers.

 

What was not said in the document was that selling the company was only one option, but nevertheless an option which had to exist in a `going concern`mode.

 

However, in paragraph 19, the words `re-organization efforts`` leaves room for some interpretation. Seems to imply of not selling the company.

 

 

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