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Microcap & Penny Stocks : Cubix Investments - QBX on the CDNX

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To: Nick Morvay who wrote (119)9/16/2000 2:41:21 AM
From: marcos  Read Replies (1) of 135
 
Well, i'll have to use some different figuring then, i've been watching pn trade at 16.50+ and multiplying that by 1,250,000 and getting 30m$Cdn, while qbx is trading at a market cap of around 20m$Cdn ... two-thirds of that one asset alone, nothing accorded for the other o&g assets or the cash ... i can see the market paying nothing for the dot.bomb paper, that makes sense ... but such a heavy discount for the rest? ... that doesn't.

Notice in the normal course issuer bid in the spring, when they announced they would buy back shares, that they say the paper is not going back to treasury to be cancelled, they are just picking it up 'for investment purposes' ... when the stock runs they'll feed it out again ... quite a business, eh, taking advantage of market shortsightedness by playing your own paper ... i've been adding a few under .60, can't see how that's a bad move.

The 994k cross at .55 by CC today ... coulda been the company?
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