UselessAt the beginning of this year shareholders were told that there was sufficient cash to see all the projects through to completion. A few short weeks later, management announces a debt and equity issues to raise cash, significantly diluting existing shareholders. Lies, lies, lies and no accountability. Now rumours continue to get leaked, feeding the manipulators. Some are valid, others we don't know. In any case, you can be sure that the manipulators shore up their position to profit on either way the stock moves. So far, the dream team have shown nothing of benefit to the company or shareholders. How long does it take? We hear how great this plane is so why sell the program. Joseph Armand would be very proud of what junior has done, no? What's that saying about family run businesses...first generation builds it, second one enjoys it (Laurant) and the third destroy it (Pierre). If this useless arrogant family loaded board would only get rid of the multiple voting shares, things would be a whole lot different. Stronach releasing control of Magna comes to mind.
Did they burn through another couple of billion in the last few months? No new C orders in over a year...but 'discussions' with potential customers continue. What a bunch of b.s.
2400 hours was always the target to certification. We were told that for years. Now they're way past that and it's still not certified. NOTHING they say is true...NOTHING.
This has got to be one of the most useless senior management teams in Canadian corporate history.
Nothing they do or say gives any confidence whatsoever.