ECCO
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Where did you get that information? Don't you talk about the shares he received because he is a shareholder of CSU?
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I certainly agree that Brault et Martineau and Economax does not have the best reviews. That being said, it seems that it is something that is not exclusive to them and it is more an industry caracteristic, just take a look at reviews of Leon's, JC Perreault, Brick or Surplus RD. The fact that Brault and Economax sell low to medium quality stuff also does not help to get the best reviews. Tanguay, that is also own by BMTC, seems to have better reviews. I dont think that customers satisfaction of BMTC have change over the years, it is probably not worse than it used to be.
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Totally agree. Real estate have been manage pretty well over the years. The price they sold the Repentigny store is a little more than the property assessment value.There is other exemple over the years and I dont remenber them not realise a gain by selling a property. About 2 years ago, I have check all their property assessment and that is about 100M$ over the amount on the balance sheet, +/- 3$ per share (100M$ / 34M shares). So you got: 4,00$ cash and investments (july 31st) 3,50$ land and property 3,00$ hiden value of land and property Total of 10,50$ is the actual stock price so we could say that you got the operating business for free. Yes the 2015 share repurchases were blocks from directors. Many years ago they did 2 (might be 3, not sure) dutch auctions. There is certainly a probability that they can do a dutch auction again. That being said, Desgroseillers own 62% and Fidelity 18%. Fidelity will certainly not sell at the actual price, so there is not that much float left to buy back in a dutch auction. To take this private they would need to buy back 13M shares (38% of 34M shares). Fidelity would certainly need a premium and I think a price of 18$ could be accepted by Fidelity. The value of their property and land give them the fexibility to pay that price. Do the math and they can take the company private right now. Disclosure: I own BMTC shares since 1997 and I recently bought more.
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Agree 100% with you. Georges Gleason track record is amazing. Wherever I see bashing comments (here or RE newspaper), it always seems to be based on macro stuff only. Is it possible that RE loans are not all the same? Is it possible that your loses will not be the same if you loan to cost is lower than other banks? Then why put all RE loans in the same bucket? OZRK is certainly not the average bank.
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Would like to assist too, can you tell me where you signed up?
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Home Capital Group. HCG.to
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Yes, I agree that I did not used the good word by saying it was a "bonus". They certainly deserve that money for the job that has been made. On the other side, you said it was well before any share activity. It was just one month before the "share activity".
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http://web.tmxmoney.com/article.php?newsid=70473869&qm_symbol=PDH:CNX BURNABY, BRITISH COLUMBIA--(Marketwired - Sept. 23, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Premier Diagnostic Health Services Inc. ("Premier" or the "Company") (CSE:PDH) announces that the second tranche of a private placement offered by its subsidiary, Premier Diagnostic Center (Vancouver) Inc. (the "Subsidiary") closed on September 22, 2014. The second tranche was for a total of gross proceeds of $75,000, and the offering of $500,000 was fully subscribed. The Subsidiary offered for sale, by way of private placement, up to 500,000 Class A Preferred Shares ("Subsidiary Shares") at $1.00 per share for aggregate gross proceeds of $500,000. Each of the Subsidiary Shares is convertible into twenty common shares of the Company ("Conversion Shares") for two years from the date of issuance. Declared and unpaid dividends on the Subsidiary Shares, payable by the Subsidiary, may also be converted into common shares of the Company at $0.05 per share. The buyer of that private placement certainly made a good deal. The last trade on the stock was at .21$. It is like buying 2,100,000$ for 500,000$. A nice bonus of 1.6M$.
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I must admit it amazed me to see the stock price jump to .10$, .15$, and 20$... People buying at these prices does not have a clue of what they are doing because information available is too old. That is pure speculation, not investment. Many comments from people, but as long as we dont have more informations, right now Sanjeev is the only one who know what he is talking about. Sanjeev, when do you expect pp documents to be available?
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Will have to received document first, I have not received any document yet.
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I have many questions that I expect to find the answers when I will get the document of the private placement. But one thing I dont understand, is why giving about 55% of the "new" cie to actual shareholder when the actual cie is losing money and was going bankrupt. Actual shareholders must wake up at night and wondering if its true or they are still dreaming, no? Could have not been less expensive to just start a new business and have it listed? Or buy an inactive mining cie and dilute to almost nothing actual shareholder?
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Ok, so Eddie increased his stake in RBS that own SHLD. You are right, indirectly he increased his stake of SHLD. RBS did not increased his stake, and no shares has been buy on the market. I wish I would, but I dont see something here to get excited about.
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If they had buy stock on the market, there would be a price that they paid for those shares, no? My understanding is that there has been a capital injection in a fund that already own SLHD. That capital injection represent 12,9% of the fund, wish give his owner a 12,9% portion of the position own by the funds wish is SHLD. The same document has been filed for SHOS, wish also mention 12,9%. So sorry guys, it is not a new purchase.
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I agree 100%. That is really a case of extortion from the us government.