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

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Comment by ChiChi3on Apr 03, 2009 5:24pm

696 Views

Post# 15895723

RE: RE: Oh brother...now what !?

This sounds kind of fishy to me. Is Goodwood going to pay a fee for Westaim's 'services'? I don't see how they can just use the Westaim cash to research investment opportunities and manage the activities of Goodwood Management Inc.

I guess we have to assume ID wouldn't allow this to happen if it wasn't going to be good for WED (and his shares). I'd still like to see the Management Agreement. Nothing on Sedar yet...

Chi.

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