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Gold/Mining/Energy : Welcome Opportunites Ltd - WLO - VSE -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (17)	12/16/1999 1:56:00 AM
From: Gulo	Respond to of 27

I hope so. I went against my sworn principle of never chasing a stock and bought the last 1400 on offer. Wouldn't you know it - Haywood quickly put another 2000 on the block at 3.75. BTW my calc comes to $6.11 value per share, assuming the minor holdings haven't moved in two weeks. A lot of these 'fund' type companies trade at a huge and volatile discount. That's O.K. for the very long term holder, but makes guessing short term trends tricky.

To: Buckey who wrote (17)	12/16/1999 2:27:00 AM
From: Gulo	Read Replies (1) \| Respond to of 27

WLO owned 50,000 PNP as of last May. I have no idea what they have now. As of the last annual report, PNP bought 167,000 shares of LUMM, a lot less than the '4%' they advertise on their web site. A May news release says "Pinetree owns a 4.4% equity interest, with options and warrants to purchase an additional 4% interest." Do you know how much of LUMM they currently have? (LUMM has 20M shares, 37M FD.) 4% of 20M LUMM shares would be worth $19M. The current market cap of PNP is about $26M. Did you realize PNP loaned Sheldon Inwentash $450,000 for the ESPP (employee stock purchase plan) interest free? Maybe I should ask them for a loan to buy their stock.