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CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT



TSX:FUT - Post by User

Post by RE38on May 08, 2012 4:30pm
179 Views
Post# 19886581

i'm mildly impressed

i'm mildly impressed

with the comeback today. I truly thought the was a goner after I saw that ask. But now there's hope but they have to hurry up and do that 10 for 1. You don't want a situation where you do a 10 for 1 when there's no bid. A 10 for 1 at a 0.5-1 bid-ask will likely result in a 7-7.5 post split bid-ask, making a 5 cent PP quite possible. Though if they didn't wait so long, they could have done it at 10 or 20 cents months ago. Focusing on growth is nice but unless the CEO has more money to dump into this as debt, they really messed up legacy shareholders including my pal jharbaugh. If they do the 10 for 1 so that the CEO ponies up the $7M to get the processing division back, that's ok. But if they do it through equity that's 100M shares post split. Basically a wipeout of the current guys. 

 

A clean balance sheet is all I'm looking for folks. Then I plow money into here. 

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