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 ChiChi3on Sep 09, 2009 1:38pm

483 Views

Post# 16290360

RE: RE: RE: K2

I ate my pie. Got out after ID sold his shares and I think K2 is doing the same. I still think the shares may be worth 45-50 cents but there's too much potential for Goodwood to do something stupid with the remaining assets. I'm also concerned that they won't be able to sell the old iFire building and will have to tear it down (I believe they have a $7 million liability on the balance sheet reserved for this).

I may consider getting back if the risk/reward dynamic changes.

Chi.

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