From 3rd quarter news today: SEDAR Future Outlook
Given that the Company entered into CCAA protection in October 2012 and is currently in discussions with potential investors in the Company, as well as potential buyers of certain assets of the Company, the outlook for the Company is uncertain at this time. The Company may carry on very much as it did before, or it may change its course significantly, or cease to exist in its current form. Page 12 of 18
If an investor invests in the current business, then management expects that revenues will increase as a result of the initiatives described above in the Growth Strategy section. However, unless significant operational changes are made, revenues are not expected to be sufficient in 2012 or 2013 to cover the operating expenses. The Company anticipates achieving profitability only once a critical mass of reward issuing sites is acquired. There are no assurances that the Company will achieve profitability, as the Company has not yet earned operating profits and may continue to incur further operating losses