Update - closing prices on Wed. Feb. 15/00
1,250,000 shares of PN (NYSE) at $9.50US = $17,450,000Cdn
325,000 shares of UBRT (NASDAQ) at $4.00 US = $1,910,000Cdn
2,250,000 shares of CLP (CNDX) at $4.85Cdn = $10,912,000Cdn
80,000 shares of ONT (NYSE) at $31.50US = $3,700,000Cdn
2,700,000 shares of GNI (CNDX) at $.45Cdn = $1,200,000Cdn
Total Investments = $35,170,000
1,500,000 warrants (.60) of CLP (CDNX) at $4.85 = $6,375,000
750,000 warrants ($2.35) of CLP (CDNX) at $4.85 = $1,875,000
24,000 warrants ($12.88) of ONT (NYSE) at $31.50 = $684,000Cdn
Present value of warrants if cashed = $8,934,000
Cash - $26,300,000 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 - $79,400,000 - $2.33/share
There are 2 million warrants that expire at $1.78 on April 1. Those warrrants are all held by inside players. Wouldn't it be great for them if they could get the price to $3+ by then and cash in their warrants
Other incubators have been very hot lately, e.g VEN, PNP, JDX.
I have been on the buy on QBX in the 1.20's, 1.30's for the last little while and holding.
Best Regards
KEITH
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