Update - closing prices on Wed. Jan. 26/00
1,250,000 shares of PN (NYSE) at $9.63US = $17,700,000Cdn
325,000 shares of UBRT (NASDAQ) at $5.06US = $2,420,000Cdn
1,500,000 shares of CLP (CNDX) at $4.70Cdn = $7,005,000Cdn
80,000 shares of ONT (NYSE) at $23.63US = $2,800,000Cdn
24,000 warrants ($12.88) of ONT (NYSE) at $23.63 = $380,000Cdn
2,000,000 shares of GNI (CNDX) at $.36Cdn = $720,000Cdn
Total Investments = $31,000,000
Cash - $27,800,000 after financing closes
50% ownership in the Natural Gas Gathering System - $6,000,000
Other properties, plants and equipment - $3,000,000
Total Liabilities - $1,500,000
Total Assets - $67,800,000 - or about $1.93 a share.
QBX closed at $1.07
One or two more days like this and we will be selling at half asset value with .80/share cash. If they can just do a big deal and do a little promo. we can get around to having some fun on the stock.
Best Regards
KEITH
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