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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Peter W. Panchyshyn who wrote (2482)	1/22/2002 11:55:01 AM
From: gg cox	Read Replies (2) \| Respond to of 11633

Regardless Peter, would you care to parse and examine the key sentence of my post Re NCE Petrofund (NCF.UN) ""Example of this is the one new share for three old shares that ncf carried out last year, which i referred to a couple of times i think up the thread."" here is the post... Message 16328690 ""Yes there is a possibility of loosing George.. Quote from NCE Petrofund July 4/01 "Consolidation: One for three For each three old trust units, unitholders of the Trust will receive one new trust unit. Letters of transmittal have been sent to unitholders to facilitate the exchange of old trust units for new trust units." Shortly before this consolidation I sold NCE at $7.05..horse shit luck or horse shit instinct...matters not Three old shares would have been worth $21.15 One consolidated unit was worth $13.35 at close yesterday. The difference is $7.80 which is buried in the back 40 not far from that cute and cuddly Canuck's<<<gggg>> "" Please note ncf presently trading at $12.00 with 52 week low of $10.50 ...that is a long way from $21.15 before the reverse split and would require a lot of capital on the "average down" and many sardine payments(eight so far) before a possible break even happens...years I would say depending on the amount and levels on the ""average downs"" also not to be negative but ...there is always, ALWAYS, the ever present danger of an "ENRON, NORTEL, LOEWEN" event, even with the trusts..(eggs in one basket eh)just because it has not happened , does not mean it will not.Please note also the referrence to "horse shit luck." Would anyone care to take a guess at the next trust to make a reverse split? gg