The analyst in the Globe story, Cameron Doerksen, works for Versant Partners Inc. Versant Partners Inc., in addition to having a business research department, is an investment banker in Toronto and Montreal.

The following is a description from their website of another service they offer.

"Versant Partners Inc. has emerged as a leading underwriter of equity offerings for small and mid-sized growth companies. Since 2000, we have raised $4.5B in 131 lead or co-managed deals ranging in size from $3M to $525M. Our success stems from strong relationships with leading institutional investors and our commitment to getting deals done in all market conditions.

We provide a full range of services, including initial public offerings, follow-ons, bought deals and private placements for public and private companies. A major source of value for issuers and investors is our commitment to provide ongoing research coverage after transactions are completed. Moreover, our strong sales and trading capability maximizes liquidity in aftermarket trading."

Neither the Globe story nor the Versant Partners Inc. website says if they have more than a passing interest in Porter. They have in the past raised money through Initial Public Offerings for Air Canada, Aeroplan and Air Canada Jazz and a public offering for Ace Aviation Holdings.

Bob Kotyk