GREY:FTPLF - Post by User
Post by
Nighthawk40on Nov 05, 2010 8:00am
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Post# 17662498
FTP Financial Backer in Quebec
FTP Financial Backer in QuebecOn Oct. 7th, 2010, Chad made this interesting comment:
"We are very pleased to be working with Solidarity Fund QFL on this exciting project in the Province of Quebec where they are playing an important role in the Thurso project by providing early stage capital to FTP. I would like to thank the Fonds on their support and I would welcome the opportunity to partner with them again in the future".
Gaetan Morin, Executive V.P. of Solidarity Fund QFL responds:
"we were pleased to partner with FTP earlier this year. The Company's turnaround plan is well underway. The Thurso plant is already running at a good pace, having called back some 300 employees".
With FTP aggressively seeking new acquisitions, perhaps Gaetan Morin may be behind the scenes helping Chad acquire another company in Quebec.
From a strategic, financial and management perspective, this would be a perfect fit.
Cheers,
Nighthawk40