The following is from the current 10-Q regarding ARTM's investments. Only AMEP is down from the purchase price. The way I see it, VMAX went from $0.14 to $0.24; EMED went from $0.45 to $2.75 and PTN went from $2.00to $4.00. When will the profit from these investments go into the P&L?
On July 21, 1999, the Company purchased for investment 1,000,000 shares of SHC Corporation a/k/a Victor Maxx Technologies, Inc. SHC Corporation is an OTC:Bulletin Board stock company whose common stock trades under the symbol VMAX. This company specializing in short-term lending to consumers. The acquisition price was $140,000, or 14 cents per share.
On October 22, 1999, the Company purchased for investment 19,400 shares of American Educational Products Inc., the company is an OTC: Bulletin Board stock company whose common stock shares trades under the symbol AMEP. The company promotes and facilitates its products conducive to an environment that embraces learning. The acquisition price was $210,467, or $10.75 per share.
On October 26, 1999, the Company purchased for investment 250,000 shares of PTN Media a/k/a PTN Media, Inc., OTC: Bulletin Board stock company whose common stock shares trades under the symbol PTNM. The company develops and markets multi-media products. The acquisition price was $500,000, or $2.00 per share.
On November 15, 1999, the Company purchased for investment 1,211,111 shares of MedCom USA, Inc., OTC: Bulletin Board stock company whose common stock shares trades under the symbol EMED. The company markets online medical billing services. The acquisition price was $500,000, or 45 cents per share.
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