RE:RE:RE:RE:RE:ClearStream Name Change: Painting the wall of the TitanicWe all have profiles on here, what does it matter when I started. The impetus to start was the name change to Flint. It's all smoke and mirrors. Canso needs to take control and change the board. I looked through the |AIF (Annual Information Forms) and the board members don't have the right experience to run this company. One runs a catering company and the other ran "hair club for men" and massage clinics. All they while they are getting paid over $100K each.
As far as the government subsidies go, I don't mind if a company was viable and needed subsidies to stay viable. However if a company was burning cash like this one then they don't deserve subsidies.
This company also had $4MM in restructuring costs (a large part of that is probably compensation for the outgoing CEO).
Anyone that can properly understand a capital stack and that can read financials understands this company produces no free cash flow and the equity value is zero. It's just facts and math.