Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

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.

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Westaim Corp

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Comment by blindpigon Jan 30, 2008 8:42pm

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Post# 14293548

RE: Wonder what Sanyo is up to?

I thought I read in their last Q report $2 million in severance costs associated with the stop of development. Obviously earmarked mostly for lab grunts who are following recipes (and the senior Westaim corporate grunt who was let go). They however must keep all their key technical staff, as without them Ifire is truly worth zero.

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