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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (514)	8/31/2000 5:08:01 PM
From: John Powell	Read Replies (1) \| Respond to of 960

Irix purchase - what a bargain! --- Capital Alliance Group Inc CPT Shares issued 6,158,674 2000-08-30 close $1.5 Wednesday Aug 30 2000 Acquisition The Canadian Venture Exchange has accepted for filing the company's purchase of 51 per cent of the issued and outstanding common shares of Irix Design Group Inc. in consideration of $250,000, including $150,000 cash and 76,923 common shares of the company at a deemed price of $1.20. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

To: marcos who wrote (514)	8/31/2000 10:27:18 PM
From: keith massey	Read Replies (1) \| Respond to of 960

Using a fairly conservative figure of 60% discount If a company has small chunks (relative to the number of shares out) of numerous companies and no control over them (passive investors) the holding company often sell for a large discount to assets (e.g 40-60% of NAV). However in my experience, when a company has controlling interest in their subs (50% or greater) and has the board covered and are in control the discount is normally not more than 20-30% (sell at 70-80% of NAV). In many case the holding company will often sell above NAV when major events are expected in their subs. Just look at stocks like EKP, PNP, JDX, Itemus, etc. during their runs and none of these held huge interests in the companies they held (expect for a couple EKP holds) and all sold WAY above NAV.