Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.

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Westaim Corp > Trevor Rose's Insights - RISKY

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Comment by Tim2Agamion Jan 05, 2024 9:56pm

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Post# 35813471

RE:Trevor Rose's Insights - RISKY

January 2024

The recent healthy advance on the charts for 2023 will no doubt have stalled for a while -- perhaps for three or four quarters -- until the fiasco of CRGE is resolved.

CRGE meets the standard of the metaphorical allusion to the Albatross.

Good idea, fraught with risk, especially with the potential of a Trump presidency ready to pull the plug on subsidies. But no one at Arena seems to have done their due dligence to learn that CRGE management was the greatest risk of all.

For EV's and their charging stations, stick to schoolbuses, waste management vehicles, last mile delivery vans, and hydro utility trucks.

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