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Bullboard - Stock Discussion Forum CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

TSX:FUT - Post Discussion

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Post by RE38 on May 08, 2012 4:30pm

i'm mildly impressed

with the comeback today. I truly thought the was a goner after I saw that ask. But now there's hope but they have to hurry up and do that 10 for 1. You don't want a situation where you do a 10 for 1 when there's no bid. A 10 for 1 at a 0.5-1 bid-ask will likely result in a 7-7.5 post split bid-ask, making a 5 cent PP quite possible. Though if they didn't wait so long, they could have done it at 10 or 20 cents months ago. Focusing on growth is nice but unless the CEO has more money to dump into this as debt, they really messed up legacy shareholders including my pal jharbaugh. If they do the 10 for 1 so that the CEO ponies up the $7M to get the processing division back, that's ok. But if they do it through equity that's 100M shares post split. Basically a wipeout of the current guys. 

 

A clean balance sheet is all I'm looking for folks. Then I plow money into here.

Comment by BayWall on May 08, 2012 9:00pm
I too had my worries when I saw no bids. Then I thought maybe the debt holders had offered the company an ultimatum. But they only recently renegotiated the terms, for an extension. so this was not the reason.   Insiders can't continue to pump money into this company forever. I thought, the stock sold off because of fears no more capital will come to the company from insiders ...more  
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