The stock is trading @ $5.00 Shares issued: 9,390,069= $45,000,000 and they had investments worth $36 million.
I am sure once this market carnage is done their investments will be worth in excess of $100,000,000.
As of Dec. 31, 1999, Pinetree's investments had a market value of approximately $36,864,000, compared with a value of $9,823,000 on Dec. 31, 1998, a 275-per-cent increase.
"Pinetree is in the business of making strategic investments in promising high-tech companies that have real, proprietary technological solutions -- companies focused on Internet infrastructure, telecommunications and wireless technologies," Mr. Inwentash said. "Pinetree has made investments in a number of companies in the past that have just recently come to fruition. We have a number of such companies still in development and are optimistic about continued, long-term success." |
