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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 BayWall on May 16, 2012 11:24pm

Aeroplan Works. Futura?

I'm surprised sign-ups were not faster.

https://www.tadarewards.com/media/PG%201and2-Aeroplan.pdf

Before any major marketing push can begin, the company must first deal with its own internal issues. What if the company can't buy the processing division before May 31st? That was one of the terms of the March 2012, $550,000 loan. Do the debt holders take control?

Comment by Riflan477 on May 17, 2012 9:48am
  Excuse my ignorance - I bought FUT after the Processing Division was sold.   What exactly is this Processing Division?  What does it process? Thanks  
Comment by BayWall on May 17, 2012 11:02am
Not sure what the processing division does. Fair Market Value is $8 million (about 4 cents a share). I don't know who came up with that value (most likely by an independent source) and what'sa the significance for Futura to buy it back  The buyback has to happen within 2 weeks.    
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