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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: trustmanic who wrote (1414)9/11/2001 12:45:26 AM
From: gg cox   of 11633
 
Yes there is a possibility of loosing George..
Quote from NCE Petrofund July 4/01

"Consolidation: One for three

For each three old trust units, unitholders of the Trust will receive one new trust unit. Letters of transmittal have been sent to unitholders to facilitate the exchange of old trust units for new trust units."

Shortly before this consolidation I sold NCE at $7.05..horse shit luck or horse shit instinct...matters not

Three old shares would have been worth $21.15
One consolidated unit was worth $13.35 at close yesterday.
The difference is $7.80 which is buried in the back 40 not far from that cute and cuddly Canuck's<<<gggg>>
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