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Gold/Mining/Energy : Pinetree Capital-PNP-CDNX -- Ignore unavailable to you. Want to Upgrade?

To: Professor Dotcomm who wrote (51)	12/14/1999 9:59:00 AM
From: the Chief	Read Replies (1) \| Respond to of 233

Good news...who told you that?

To: Professor Dotcomm who wrote (51)	12/14/1999 10:20:00 AM
From: Professor Dotcomm	Read Replies (2) \| Respond to of 233

Here are the relevant NRs: Symbol Description/Information PICA Pinetree Capital Corp is now listed on Canadian Venture Exchange, CDNX, Symbol - PNP CMN release # 000071 Pinetree Capital Corp ("PNP") Notice Type: Halt Notice Date: December 13, 1999 Effective at the opening local time, December 14, 1999, trading in the shares of the company will be halted, pending an announcement CMN release # 000065

To: Professor Dotcomm who wrote (51)	12/14/1999 11:30:00 AM
From: the Chief	Read Replies (1) \| Respond to of 233

Quite agree although I would still have to consider MNTX as a 'risky'investment. Rather a "self-fulfilling statement" now that LUMM has corrected back as a result of a "short selling house" issuing a sell. What a strange thing for them to do!!<gggg> MNTX valuation is tied to LUMM much more stringently than PICA now PNP is. If we just take LUMM's present value at a mere $21US we still have $21,000,000 US which is $32,000,000 Canuck in Asset value. This alone is enough to substantiate the $3.50 that PNP/PICA now sells for. This excludes all their other assets!!!! One of which is a VGIN at a mere $23US which again provides this company with an additional $34,000,000 Canuck in asset value! So even though LUMM is having a "bad hair day" today, PNP is still selling for greater than 50% discount to NAV the Chief