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Armtec Infrastructure Inc T.ARF

Sector: Industrials | Sub-Sector: Engineering & Construction
Alternate Symbol(s):  T.ARF.DB | AIIFF

Armtec Infrastructure Inc. is a infrastructure and construction materials company, combining creative engineered solutions, relevant advice, dedicated people, products and a national presence with a local focus on exceptional customer service.
Price: $0.02 | Change: $0.00 | %Change: 0.00%
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 1.14/0.015
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0 stars

RE:RE:RE:RE:new armtec

The loan is 30 M$ and recevable is 155 M$  rate and reply
0 stars

RE:RE:RE:new armtec

Receivables are used to secure their operating loan with CIBC.  rate and reply
0 stars

RE:RE:new armtec

A portion of the 155 M$ of receivables can be due by Brookfield affilialed, like Broofield Properties for sound wall or building facing panels etc. If it the case Brookfield was creditor and debitor...read more
0 stars

RE:RE:RE:RE:Confused about what is going on here

Upper management will laugh all the way to the bank. Anderson's employment contract calls for $1.2m if the company is sold or taken over.  rate and reply
0 stars

RE:RE:RE:RE:Confused about what is going on here

Writing this off and moving on is probably the rational thing to do.  After seeing the financial results, I'm a little surprised that Brookfield even proposed "the transaction" -- it might well be...read more
0 stars

RE:RE:RE:Confused about what is going on here

The truthhurts has it right. Last quarter shows a lot of the previous losses were hidden and are coming out now. The thing that puzzles me is the lack of action by note holders...maybe they have a...read more
0 stars

RE:RE:Confused about what is going on here

Just saw the Q1 results on line and am a bit surprised at how quiet its been online. I don't really feel any win or gloat in saying I told you so -- but me along with a few others did. The sad thing...read more
5 stars

RE:Confused about what is going on here

My understanding is the Brookfield is in first position here and has gone through the legal minimum's to get things to this point. New Armtec will operate enough to achieve a performance that keeps...read more
3 stars

Confused about what is going on here

Ok, I get that Brookfield is a secured creditor.  However, the company is in CCAA.  I am probably missing something, but doesn't there have to be a Plan of Compromise voted on by the debt holders or...read more
0 stars

RE:RE:new armtec

thanks for the info.  rate and reply
0 stars

RE:new armtec

New Armtec is an affiliate of Brookfield Capital Partners Fund III LP - this is a private equity fund.  Brookfield Transaction means bye-bye to existing shares effective June 1, unless something...read more
0 stars

new armtec

just what is new armtec goint to be?  a publicly traded company or division of brookfield?  rate and reply
0 stars

Summary of the Brookfield Transaction

From Monitor's report May 7: The Brookfield Transaction   15. Armtec has executed an asset purchase agreement with Armtec Operating LPL (an affiliate of Brookfield, the "Purchaser"» (the "APA...read more
0 stars

RE:RE:RE:RE:RE:The last hope of junior stakeholders....

KEYhe $3.8 million "bonus" to key employees (senior management). Can someone please tell me which "key senior managers" are worth keeping and worse yet paying them extra to stay? This has got to be...read more
0 stars

RE:RE:RE:The Sale of Substantially All Assets ...

Not really anything unanswered.  The Purchase Agreement is public record on Ernst and Young's page as CCAA Monitor.  specifically see Tac C of: http://documentcentre.eycan.com/eycm_library/Armtec...read more
0 stars

RE:The Sale of Substantially All Assets ...

Since Armtec is under CCAA and Brookfield get the assets, I assume the receivables go to Brookfield. Anyone?  rate and reply
0 stars

The Sale of Substantially All Assets ...

What is not included in that sale ? The 155 M $ account recevables ?  rate and reply
0 stars

RE:RE:The Sale of Substantially All Assets ...

yes...also accounts payable. Still lots of questions to be answered...does this break all the union agreements, what assets are excluded, why hasn't the board resigned, acceptance of liabilities...read more
0 stars

Hope!

Let me tell you something my friend. Hope is a dangerous thing. Hope can drive a man insane. It's got no place here. Better get used to the idea.  rate and reply
0 stars

RE:RE:RE:RE:The last hope of junior stakeholders....

It's been quite a soap opera to watch.  I'm betting there still may be some surprises is store before it's over.  After something like 14 offers, all considered not "superior" to the Brookfield...read more