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.

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

To: John Powell who wrote (606)	2/22/2001 3:10:35 PM
From: John Powell	Read Replies (1) \| Respond to of 960

According to the Feb 21 news below they now own 12.07 million shares of FTUT. FTUT just hit $2.5 and is up on a bad day. Doesn't take a Rocket Sci. to do this math. 12.07 million shares multiplied by FTUT's price of $2.5 multiplied by a US exchange rate of 1.50 = $47 million CDN. CPT has 13 million shares outstanding which means their holdings in FTUT are worth $3.60 a share. Of course the market will put a discount on this holding but normally these discounts are in the 25-60% range which still puts the holding at $2.00 in the worse case. However this number does not take into account the value of their other two subsidiaries (IRIX and CIBT). Both of these subs. have been growing revenues at greater than 50%/year for several years and both are profitable. According to the news last week SEG is currently in negotiation for a deal to provide Direct Access Trading to investors around the world. Their last news release said negotiation will be done soon. Hopefully this will be the push this stock needs to start the train.