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Westaim Corp V.WED

Alternate Symbol(s):  WEDXF

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.


TSXV:WED - Post by User

Bullboard Posts
Comment by ChiChi3on May 04, 2007 10:34am
406 Views
Post# 12725566

RE: AGM

RE: AGMJudging by what Heck said, it doesn't appear that there are plans by any insiders to take the company private. He said he didn't know of any plans to do so and I would think he would have been informed if that was an option. What I do believe is that some of the deep-pocketed BOD could put together some more cash to invest in the company. That was shares are issued at half-decent prices without going to market and having your head handed to you on a platter. ID did say he would do everything in his power to help iFire along. This could be in combination of selling a portion of Nucryst. They probably only need about $30 million to help fund, along with existing cash, 2 more years of testing (the seemingly worst-case scenario). IMHO Chi
Bullboard Posts