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Bullboard - Stock Discussion Forum 2242749 Ont Ltd. AIIFF

"2242749 Ontario Ltd is a infrastructure and construction company, combining engineered solutions, relevant advice, dedicated people, products and a national presence with a local focus on exceptional customer service."

GREY:AIIFF - Post Discussion

2242749 Ont Ltd. > Another thought
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Post by 2Greying on Feb 28, 2015 10:30pm

Another thought

IF they ever release financials AND schedule a conference call I will be listening in....hopefully one of the analysts asks the question about how Brookfield can take over without shareholder, debenture, or note holder votes. I don't think a court appointed receiver would allow that. I would love to ask some questions but they seem to only allow the analyst's...based on previous experience.I have my doubts about a conference call but here's hoping.
Comment by llennn on Mar 01, 2015 5:14am
It maybe someone who loses money/wealth creates re tarding numbers or re tards wealth that would be a Capitardist but may almost acting in the public as a Capitalist and then goes into bankruptcy its may stick forever, it maybe hard press for a true capitalist to make a deal with one such even years after, maybe best to becareful to be a investor and not a investard
Comment by HRc60to65 on Mar 01, 2015 7:29am
Management has just to cash their receivable to pay down Brookfield and push it out of ARF. Receivaible at 173 M$ is incompetence or volontarist to be sucked by Brookfield. All the cash flow is going to Brookfiled in fee for nothing. ARF doesn't need new loan, it never used the extra loan but paid for wind.
Comment by 2Greying on Mar 01, 2015 10:19am
Receivables are security for the operating loan at the bank...the Bank would never agree to these funds paying down the brookfield debt..
Comment by HRc60to65 on Mar 01, 2015 12:38pm
Revolving Credit Facility 43,960 M$ Brookfield Facility 110,270 M$ both can be refund with the 173 M$ of receivable
Comment by 2Greying on Mar 01, 2015 5:00pm
Assume these are Q3 numbers. If they use this $ how are they going to pay accounts payable etc
Comment by HRc60to65 on Mar 02, 2015 6:44am
The propososed transaction is for : •Amendment to Armtec's credit facility with Brookfield (the "Term Facility") in order to extend the maturity date of the interim facility to May 11, 2015, and provide a new short-term facility of $20 million (the "Incremental Facility"). •Commitment from Brookfield for its affiliate, Trisura Guarantee Insurance Co. to provide the company ...more  
Comment by llennn on Mar 01, 2015 7:33pm
This is a turd now, I was lucky as this is . 000something of my port I knew this was a dog, I hope no one put much into this other than pocket change as it is so difficult to make a proper return, I hope someone can come in and prop this up by buying 15 mil shares and maybe just maybe but I don't think there is any value and a lot of people money will end up in the tank this will be really ...more  
Comment by llennn on Mar 02, 2015 12:22am
I would hold the turd in your hand and depending on the size you maybe able to lobb it back at Book field and it may very well stick, just hang on a sec, its possible somethingbis in the cards here, i got to read up on how they got this structured, ill get back to you if there might be something strategic lets call it operation "hot stink" how much money cost are the other parties out ...more  
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