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Gold/Mining/Energy : Pinetree Capital-PNP-CDNX

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To: the Chief who wrote (65)12/16/1999 3:25:00 PM
From: keith massey  Read Replies (2) of 233
 
Chief

You have to question what is causing the overhead and this stock to sell at 1/3 of BV? Is this company just undiscovered... I can't see what we are missing? Most of the incubators in the US sell for several multiples of Book Value... although we tend to value them far less in Canada it still doesn't explain the value.

This was the only company I have touch on the OTC in the past few years and flipped it around a few times on that exchange based on the movement of LUMM since it always was slightly delayed to the movement of LUMM. I actually came across it this summer when doing background on JDX and loved what I saw and bought a few when LUMM took off...of course it was only $1.20-1.40 back then and of course I sold way way to soon as usual<gg>

I talked with the IR and he said they have been selling shares of LUMM right through this run up. However we will not know how many were sold until the next quarter report comes out in 2-3 months and he wouldn't even hint how many they sold. They have not sold any VGIN up to this point. I own a few K right now but am looking close to see when MOMO changes.

Best Regards
KEITH
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