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

TSX:FUT - Post Discussion

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Post by BayWall on Dec 15, 2012 6:04pm

Looks like I'm the only one left

Don't know what to say anymore. Maybe no news is good news. If it was all over, I would have issued a news release this week. It seems that they wish to continue; " CCAA protection......giving opportunity to pursue restructuring alterantives".  "Will consider strategic investments and combination opportunities". (October 17th news release).

 

The reference to the contractor was a cut of sorts. Futura's management over the years continue to say "look forward to acheiving profitability..." In light of the losses each year, a person may wonder if Futura even knows what it takes to be profitable. The contractor is well aware in my example. Whether it's buying real estate or renovations, the profit margin an nature of an transaction is carefully calculated.

 

The business world can throw a monkey wrench into the best plans and estimates. And he has seen losses, but they were matched by even more profits. Thus the millionaire. Not trying to put down anyone by the example, but there certainly are opportunities for profit, other than the loyalty business.

 

Saying that, I have no suggestions. The contractor's example has a long-term timeframe. Not exactly the thing impatient shareholders would want. I tried to discuss new business ideas over the past 6 months but a recommendation remains illusive.

 

Futura may still go into another line of business, but that brings with it it's own start-up issues and that dreaded learning curve. So, like the other shareholders, we wait for that defining news release

Comment by supercableguy on Dec 16, 2012 10:25am
I have a little hope left....b2b and the U.S market could make it....what's left of Futura must not cost that much a month....no US sales rep....a couple of guys with big paycheks are gone.....only 4 employees left......when they  get out of CCAA, 3 months will have past since oct 16.....there is still money coming in... pay the debts now that the company is leaner....no more severance... ...more  
Comment by BayWall on Dec 16, 2012 2:32pm
4 employees (key employee retention program, the court document says) $22,625/month. This doesn't include David Campbell's salary. Still a huge difference over the approx $1.5 million payroll which was common.   Was all that inhouse expertise necessary to be a resller or were they hesitant to get rid of long time empolyees and hope things would work themselve sout. Well they didn ...more  
Comment by BayWall on Dec 16, 2012 2:40pm
I forgot to add, that Futura would require a faster revenue growth in order to secure equity financing. 2010 Aeroplan revenue $1.2 million. In 2011 it was $1.6 million.  2012 maybe $1.7 million.   Nothing to write home about. If they can't anticipate faster growth, it could reduce the options available for restructuring and lose investor interest.   It's too ...more  
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