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



TSX:FUT - Post by User

Comment by BayWallon Jun 03, 2012 6:13am
185 Views
Post# 19975330

RE: The good olde days

RE: The good olde days

Some may read things into that $550,000 loan in March and a possible connection with severance pay to Mark Farrell, the co-founder of the company. That loan was part of a series of loans dating back to  Dec 2007.

 

Belweather Capital  (of which David Campbell-now CEO of Futura and David Deutal are shareholders) was one of the lenders. So an effort is made to raise capital to say goodbye to Mark, with a severance package.

 

This can be interpreted that Futura can bounce back, now in the hands of others, and also to recoup the millions of dollars in loans provided. Maybe there is a light at the end of the tunnel. But first the 1:40 rollback. And what happens in the tunnel, stays in the tunnel.

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