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

To: Vitalsigns who wrote (103)	12/21/1999 5:29:00 PM
From: John Powell	Respond to of 233

Still a great deal.

To: Vitalsigns who wrote (103)	12/21/1999 5:33:00 PM
From: keith massey	Read Replies (1) \| Respond to of 233

Vitalsigns... No problem... You are normally right on the money with all your posts but mistakes happen to the best of us. I think we were all under the impression that they owned those shares. I didn't like finding and pointing out the error since I am a shareholder but since I gave a "heads up" to several people I thought it should be cleared up. The stocks still looks like a great deal at these prices. With the cash from the LUMM sales this quarter they will have money to do more numerous deals and they have several private companies that look very solid and should have good IPO's (especially Softquad). Plus they have a some very nice looking holdings... Just my opinion but to be fair I think the company should be valued based on the GENE.U holding and not on the indirect VGIN holdings since many of the other companies might have undervalued assets that are not factored into the price. Private Companies Softquad 35% interest = 1,250,000 (cost) Visible Decision 40% int = 1,100,000 (cost) Online Direct 2 % int. = 150,000 (cost) WorldVacations.com 24% int. = ????? Public Companies US LUMM 1 ,000,000 shares @ $25 Us x 1.47 = 36,750,000 Cnd (Note: the company has been selling these shares since the last quarter so some of these funds may be held as cash) Public companies Canadian BFG.cndx 70,000 shares @ 9.70 = 679,000 ESL.T aprox 600,000 shares @ 6.70 = 4,020,000 MNTX 2,200,000 shares @ 1.25 = 2,750,000 NSII 4,000,000 shares @.40 = 1,600,000 ILX.cndx 500,000 shares @ 0.52 = 260,000 GEVE.U 1,800,000 shares @ 2.35U.S = $6,200,000 (Note GEVE.U Book Value = $9.50 Cdn based on VGIN and PNP holdings) Total Book Value Assets 54,759,750 Shares out. 10,000,000 Equals $5.50 share in Net Asset Value Current trading price 3.05 Best Regards KEITH

To: Vitalsigns who wrote (103)	12/21/1999 5:36:00 PM
From: marcos	Respond to of 233

GEVE.U is the ticker for Genevest. Probably better to use geve.u in place of vgin, imho, since that is what pnp is holding. But also useful to note where vgin is, as well, eh. quote.yahoo.com chart.canada-stockwatch.com chart.canada-stockwatch.com chart.canada-stockwatch.com [edit] - oops, keith you beat me ... yes, i was wondering if Softquad might get exciting, too ... cheers [edit 2] - two things disturb me mildly about lumm - 1. the presence on its thread of posters who also post in support of cddd, which looks like a PoS imho, and 2. lumm looks like it's going to acquire an E soon for not reporting ..... sooo, good thing we've taken profits -g-