RE:RE:RE:RE:Do I hear a dollar?!Right. This is the first audit with Bozzetto and Tufropes. Makes sense that they would be a little slower than last year but we haven't heard anything since Feb 20 when they said "Details on the timing of the Company's fourth quarter disclosure will be announced separately." If they don't announce a date this week (presumably for last week of March) then pretty good chance we're heading for a late filing notice.
Also from that Feb 20 PR:
Mr. Finke added, "In our upcoming fourth quarter reporting, we will expand on the progress made by our core portfolio companies and outline steps we have taken to opportunistically monetize the value of our other investments. My expectation for this report is to provide investors with increased transparency on our performance and greater insight into the operations of our portfolio companies."
Mr. Finke concluded, "Aimia has and will continue to prioritize good governance and carry out our duties in the best interest of all shareholders. We will also continue to prioritize transparency including providing regular updates on business and governance matters."
I guess writeoffs are technically "monetization". And I guess "regular" doesn't imply frequent or informative.
Final thought: I noted that CFO Steve Leonard wasn't replaced with the rest of management. Hard to say if that's because he's a trusted asset or just for continuity through audit. Seems a reasonable chance that a new CEO will also come with a new CFO... if they ever get around to it. In any case, Phil told me directly that Steve was a "pessimist", so there's some hope he was realistic about their accounting of the new businesses. During the December CMT hearing, I think I also remember it being said that Steve didn't want Eric Hauser on the Board of the acquisitions. Another sign of intelligence.