Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Cubix Investments - QBX on the CDNX -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (105)	3/20/2000 7:54:00 PM
From: John Powell	Respond to of 135

Good to see you back here too keith! I never got completely out of qbx, but as I was saying to Marcos this morning on the cpt thread, took the remaining cash I had that wasn't already there and put it in this morning. That news release friday was amazing, I'm surprised it didn't jump up bigger this AM - but as you point out, when there are crosses to be made, and there always have been with this one in the past... Thanks for doing the detailed breakdown, I've heard estimates from 2.50 - 3.00 but it's nice to see it all spread out!

To: keith massey who wrote (105)	3/23/2000 4:49:00 PM
From: Frankly Speaking	Read Replies (1) \| Respond to of 135

Keith, I calculate QBX value about $3.13 at close today. Is this a "what's wrong with this picture" scenario. When will the rest of the free world recognize this? I noticed CC had a few large blocks just below the surface. Any calls when it will start to move (is it the April 1 warrents). I can't do much walking, as my small boots are filled. F.S.

To: keith massey who wrote (105)	3/24/2000 9:25:00 PM
From: keith massey	Read Replies (1) \| Respond to of 135

I added a few more in the low $1.50's. Looks like these warrants were not all in friendly hands and won't be cashed. It is not like we need more cash or dilution so I am not complaining. Just means we have to wait for April 1. Update - closing prices on Friday, March 24/00 1,250,000 shares of PN (NYSE) at $12.19US = $22,550,000Cdn 325,000 shares of UBRT (NASDAQ) at $6.00 U= $2,880,000Cdn 2,250,000 shares of CLP (CNDX) at $4.45Cdn = $10,000,000Cdn 80,000 shares of ONT (NYSE) at $18.75US = $2,200,000Cdn 2,700,000 shares of GNI (CNDX) at $.55Cdn = $1,490,000Cdn 3,000,000 shares of NEGY (NASDAQ) at $3.00US = $13,320,000 1,000,000 shares of LTG (CNDX) at $2.90Cdn = $2,900,000 675,000 shares of EMA (NASDAQ) at $21.13US = $21,100,000 Total Investments = $76,440,000 1,500,000 warrants (.60) of CLP (CDNX) at $4.45 = $5,775,000 750,000 warrants ($2.35) of CLP (CDNX) at $4.45 = $1,575,000 24,000 warrants ($12.88) of ONT (NYSE) at $18.75 = $208,000Cdn 1,000,000 warrants (.75) of LTG at $2.90Cdn = $2,150,000 Present value of warrants if cashed = $9,700,000 Cash - $13,800,000 50% ownership in the Natural Gas Gathering System - $6,000,000 Other properties, plants and equipment - $3,000,000 Total Liabilities - $1,500,000 Total Assets - $108,900,000 - $3.10/share Note: this does not take into account the taxes paid on gains and using today's exchange rate of 1.48 Best Regards KEITH