SI
SI
discoversearch

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: Nick Morvay who wrote (119)9/16/2000 2:11:04 AM
From: Nick Morvay  Read Replies (1) | Respond to of 135
 
Older News: Cubix acquires 2,225,000 Musicplex.com shares

Cubix Investments Inc QBX
Shares issued 35,163,741 Jun 28 close $0.72
Thu 29 Jun 2000 Acquisition
The Canadian Venture Exchange has accepted for filing documentation related
to the company's acquisition of 2,225,000 common shares of Musicplex.com at
a deemed price of $1.35 (U.S.) per share for a total consideration of
$3,003,750 (U.S.).
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com



To: Nick Morvay who wrote (119)9/16/2000 2:41:21 AM
From: marcos  Read Replies (1) | Respond to of 135
 
Well, i'll have to use some different figuring then, i've been watching pn trade at 16.50+ and multiplying that by 1,250,000 and getting 30m$Cdn, while qbx is trading at a market cap of around 20m$Cdn ... two-thirds of that one asset alone, nothing accorded for the other o&g assets or the cash ... i can see the market paying nothing for the dot.bomb paper, that makes sense ... but such a heavy discount for the rest? ... that doesn't.

Notice in the normal course issuer bid in the spring, when they announced they would buy back shares, that they say the paper is not going back to treasury to be cancelled, they are just picking it up 'for investment purposes' ... when the stock runs they'll feed it out again ... quite a business, eh, taking advantage of market shortsightedness by playing your own paper ... i've been adding a few under .60, can't see how that's a bad move.

The 994k cross at .55 by CC today ... coulda been the company?