Yes, got them to the can store which still gives hard cash in exchange but the pickings are getting slim, people just don't cruise country roads with sixpacks as much any more, a distinct decline in western civilisation imho ... times are tough here in the summer because the local school is out of session which eliminates opportunity to score the daily lunch money running a marble game ... however Dame Fortune did smile in this direction and cause me to encounter an ancient cowboy in the throes of bonhomie and willingness to impart wisdom due to having almost finished off an entire executive MBA grilled in garlic and cilantro sauce, he offered me a leg and as we squatted by the fire munching and spitting out bits of suit he outlined in sparse but clear terms that the big money was in politics and religion ... there was no by-election going within a day's ride so my selection was by process of elimination quite obvious. Are there any sinners here? We accept all major credit cards.
Interesting post on SH by JasonSI who likes CIBT better than SEG ... i bought this thing for SEG, with CIBT as a backup, sort of giving it a floor value, and yes certainly with clear prospects for growth but not as sexy as SEG ... with them IPOing CIBT that does change things, and quite possibly that could happen before SEG's HK IPO [?] ... but i hope they do not for one moment consider listing on the otc-bb ... when they say 'major US exchange' i take that to mean a real exchange, which the otc-bb is not by the way, it is not a stock exchange at all, check their self-definition on their website ... an inter-listing on the otc-bb for a stock listed on To or the cdnx is one thing, but a sole listing there? - forget it, they'd eat it alive ... better to put it off until you can make the grade uptown.
Not that i have any reason to think they can't make the grade uptown right now, CIBT is established, earning, and has a credible partner ... just a twinge of that worry, that's all, i don't wanna hear 'bulletin board'.
When i said that bit about a p/e multiple of 15 that was just an example ... it could be anything, all over the map, according to perceptions [thanks for the word, Jason-g-] of future prospects, sure ..... here's one thing we haven't discussed though - cpt will be seen as a holding company, and it will receive a holding company discount which will range from 40 to 60 per cent and periodically spike outside that slot ... now there is huge value here in the two divisions if and when the market perceives them to be executing well, but what we hold is the cpt paper, and it will be accorded that discount, like every other holding company ... imho ... or am i missing something ... well it's late ... cheers, all |
