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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (241)	9/2/2005 5:15:45 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217591

7.43%, down from 2005 highwater mark of 16+% (real estate sale). The number is not as meaningful as before, and may be more misleading in the future, because 32% (rest is real estate in HK/Japan/Thailand, gold, cash 50/50 CAD-CHF-AUD-THB/USD) of gross asset or 72% (rest is energy/energy royalty/short positions) of equity allocation is a private equity / operating business which partners and I control, valued at cost when costed. The beast is either worth zero, or cost, or cost+. The loss from highwater mark is due to imputed current and future micro-cap loss. I invested in the microcap in order to get the private equity / operating business, because one controlled the other, and the loot required positioning and leveraging. The task is now two, make the operating business go breakeven, then profit, and make the micro-cap shell + the bit of operating business that is still controlled by the micro-cap shell a useful vehicle for the future. Chugs, J