Bullboard - Stock Discussion Forum iShares S&P/TSX Capped Consumer Staples Index ETF T.XST

Alternate Symbol(s): ISTIF

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Consumer Staples Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly... see more

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iShares S&P/TSX Capped Consumer Staples Index ETF > How much cash is left in the till.

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Post by THECAREERENDER on Oct 10, 2000 12:32pm

How much cash is left in the till.

Hmm the financials show a burn rate of at least $50,000 a month for the company. So even if the $250,000 financing is approved by the exchange, it would seem quite likely the company would require more financing. Yes, I guess that is why all of the posters wanted these contracts closed, so that the company could maybe make some profit. Looks like the stock would likely then be under some selling pressure as it would seem the next round of financing would be done in the market (non-brokered) and likely at a lower price. Not the best of times to be raising money but who knows. We just want the stock to go higher so spend some money on some real I.R. so that those who want to get out can get out.

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