Ex-Fracmaster boss faces battle for unpaid receipts

Article Abstract:

Calgary, Alberta-based Fracmaster Ltd.'s erstwhile chairman, Alfred Balm, has encountered great difficulty in recovering C$191 million in unpaid installment receipts from the oil well services provider's stockholders. Balm, who has sold his 67.5% stake in the firm to investors on an installment basis, has failed to recover the installments due from 68% of the buyers. Analysts attribute the investors seeming reluctance to fulfill their pre-existing obligation to Balm to the poor showing of the company's stock on account of the weakening of exploration activity in North America.

Comment:

Its erstwhile chairman, Alfred Balm, faces difficulty in recovering C$191 mil in unpaid installment receipts from investors

Drilling Oil and Gas Wells, Alberta, Oilwell Drilling Services, Oil well drilling services, Article, Fracmaster Ltd.

Montreal Exchange walks tightrope to IPO

Article Abstract:

The life and career profile of Montreal Exchange's chief executive officer Luc Bertrand is presented. Montreal Exchange is set to go public in 2007.

Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Securities industry, Montreal Exchange, Bertrand, Luc

A bird in the hand versus seven in the sky

Article Abstract:

A profile of Michael Sabia, chief executive officer of BCE Inc. is presented.

Communications, Broadcasting and Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, Communications industry, BCE Inc., Sabia, Michael