CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

Q3

[Kings_kid]

My expectations for Q3 were not high, but I have to say FUT did not meet my expectations either.  I'm a little disapointed however I still do feel there heading in the right direction.  It's my understanding that there were a lot of dearlers that were not up and running in the 3rd quarter.  There will always be bumps in the road with a micro cap like FUT, however I do believe the future is till bright and us longs don't have anything to worry about.  In saying that the only number that does concern me is the low cash on had number.  Looks to me like there will have to be another infusion on cash some how...i'm guessing there will be an NR come out in the next couple of weeks.  Just a guess but unless there revenue has gone through the roof in Q4, more money is going to be needed to get them through!

[bigops]

like all i too am not that impressed with the recent quarter -- and it is clear they need to recap soon. that said i want to address the debt issue and interest expense -- remember that much of the debt is held by insiders or friendly hands and the interest expense accrues -- so it is not like they are shelling out cash each quarter to cover this expense. this was discussed on this board a long