Bullboard - Stock Discussion Forum iShares High Quality Canadian Bond Index ETF T.XQB

Alternate Symbol(s): ISHQF

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada Liquid Universe Capped Bond Index, net of expenses. Under normal market conditions, the Fund will primarily invest in securities of one or more exchange-traded funds managed by BlackRock Canada or an affiliate and/or Canadian fixed income securities. The Index consists of a well... see more

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iShares High Quality Canadian Bond Index ETF > Why does this company need finance?

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Post by ronmor on Sep 19, 2006 12:03pm

Why does this company need finance?

If the company makes decent profits, then no financing is required. There are only 2 cab companies in Toronto who have made money over the years. The others have just hung in there, making just enough money to pay their owners / managers lousy wages. Fareport is not likely to join the 2 winners, since management does not have the "street smarts". The only way this share is going to reach 50 cents is if they consolidate their shares by offering 1 new share for 25 existing shares. What a WINNER? Dead money

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Comment by mickey699 on Sep 19, 2006 1:10pm

Read the past postings - they have an agreement in place to settle a lawsuit - the only catch is the people they are suing are holding the bulk of their debentures. The reasoning for the financing is so they can pay out their debentures (at a discount - according to lou in an earlier posted email) and receive the settlment. At that point the company (i am assuming) will pay down thier financing ...more

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