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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.


TSXV:WED - Post by User

Westaim Corp
Bullboard Posts
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(35)
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Comment by ChiChi3on Dec 10, 2008 12:21pm
491 Views
Post# 15637455

RE: RE: RE: Free Money Giveaway!

RE: RE: RE: Free Money Giveaway!So, Enjoytheride, what's your take on how it will be handled by Canada Revenue?  Given that there has been a huge amount of capital paid into the company (mostly through Westaim) and little profit, wouldn't it be fair to assume CRA will accept this as a return of capital.  It would be hard for me to accept this as a dividend given the company has barely made a profit over the years.

Chi.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities