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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 Nov 21, 2012 7:58pm

What makes it tough...

is the departure of key personnel who have indepth knowledge of the loyalty business.

 

Ron Kennedy-Senior account manager is gone since October. (3 1/2 years with Futura). The replacement appears to be Marlena Mordarska ( New Account Manager).

 

Graham Farrell (CMO Futura) left two weeks ago to be a consultant with Advantex. (10 years with Futura).

 

Paul Coke remains with Futura. Was Director Partner Management (3 years), now is VP Client Services.

 

The ranks have been thinned out. Most left in the past month. Can the company survive and advance? Or are the appointments temporary until the CCAA process is completed in January 2013? If temporary then the US expansion will not continue to happen either.

 

Looks bleak. Don't know what to think. The people with the most experience are gone.

Comment by supercableguy on Nov 21, 2012 8:17pm
Again they are gone....but they did not make it happen for FUTURA so............... dont dream of getting back money on this....
Comment by supercableguy on Nov 21, 2012 8:23pm
why do they want to put more dip money (300,000)  ???  why dont they end it right now...that's what i don' t get
Comment by BayWall on Nov 21, 2012 8:35pm
I don't know the workings of Futura over the past 5 years, but, yes with the old staff, nothing really got going well enough to show a protit. They had dreams of making it big and tried to do their best, but I assume things conspired against them?   When they needed to develope software for their clients including the web based system for Aeroplan, Angoss Software, plus at ...more