rainman Posted September 11, 2014 Share Posted September 11, 2014 Which broker can I buy PDH from ? I am in US. Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 11, 2014 Share Posted September 11, 2014 Which broker can I buy PDH from ? I am in US. Try "PRDGF" redskin212 Link to comment Share on other sites More sharing options...
ECCO Posted September 11, 2014 Share Posted September 11, 2014 Anyone have an estimate as to when the PP will be closed and fully subscribed to? Will have to received document first, I have not received any document yet. Link to comment Share on other sites More sharing options...
gary17 Posted September 11, 2014 Share Posted September 11, 2014 I was wondering if anyone has info on the performance of MPIC fund over the last 10 years ? I went to the Corner Market Capital site and can't seem to find any info.... Would be good to know ... Thanks! I was really hoping someone could help.... Or perhaps those who have invested with Sanjeev could let me know Sanjeev's performance in the last 10 years :) Would this not be an important question to get answered for investing in PDH ? Thanks ! Gary Link to comment Share on other sites More sharing options...
wescobrk Posted September 12, 2014 Share Posted September 12, 2014 "You are looking at the financials as they stood when the company was headed for bankruptcy. That did not include the new board, me, Alnesh, our team of directors at Corner Market Capital, my ability to allocate the capital being raised, the deals we are working on, or the potential of our existing asset management business if wrapped into the company in the future. The biggest option that investors will have to make a decision on is what value do you price the new reinsurance business we will be participating in. How do you value the management team that is launching that business? Does historical performance mean future success? These are things I have no control of in the investor's decision making process, and you will all have to decide for yourself if the current price makes sense to you or not, based on the changes that are occurring. All I can say is that I will eat my own cooking as always and am in for the long-term! Cheers!" Fair enough. I'll try and buy a small position so I can track it. I've also never been to Canada so that will give me an excuse to visit for the annual meeting. Will you be adding an extra link on your board for the company? It seems logical. I know you'll create a ton of value over time and I'm very much looking forward to following the company! Let's cheer to lower prices for buyers. :) Link to comment Share on other sites More sharing options...
oddballstocks Posted September 12, 2014 Share Posted September 12, 2014 Fair enough. I'll try and buy a small position so I can track it. I've also never been to Canada so that will give me an excuse to visit for the annual meeting. Canada is a great country, it's a very nice version of the US. Everything is cleaner and everyone is nicer. But it's familiar enough to the US that there's no "wow, I'm in a different country" feeling. Some of it, especially rural areas are almost indistinguishable from the US. It is worth a trip for sure. Maybe Sanjeev will stack the deck even more and schedule the PDH annual meeting at the same time as the Fairfax shareholders dinner/annual meeting. Link to comment Share on other sites More sharing options...
abitofvalue Posted September 12, 2014 Share Posted September 12, 2014 This is probably a silly question - but why is the private placement being done at a premium to the market price? The stock price wasn't $0.18 till today but the private placement seems to have priced yesterday at $0.18. Am i missing something obvious? I am looking at historical prices on google finance. Link to comment Share on other sites More sharing options...
Otsog Posted September 12, 2014 Share Posted September 12, 2014 Maybe Sanjeev will stack the deck even more and schedule the PDH annual meeting at the same time as the Fairfax shareholders dinner/annual meeting. I hope not. Fingers crossed for a Vancouver meeting. Link to comment Share on other sites More sharing options...
Parsad Posted September 12, 2014 Share Posted September 12, 2014 This is probably a silly question - but why is the private placement being done at a premium to the market price? The stock price wasn't $0.18 till today but the private placement seems to have priced yesterday at $0.18. Am i missing something obvious? I am looking at historical prices on google finance. We always expected to price the placement between 15 and 18 cents based on what we felt were fair and accurate valuations. Since the market close the previous day had a bid of 17 cents and an ask of 19.5 cents, we priced it at the higher end at 18 cents in the announcement. Cheers! Link to comment Share on other sites More sharing options...
Uccmal Posted September 12, 2014 Share Posted September 12, 2014 Fair enough. I'll try and buy a small position so I can track it. I've also never been to Canada so that will give me an excuse to visit for the annual meeting. Canada is a great country, it's a very nice version of the US. Everything is cleaner and everyone is nicer. But it's familiar enough to the US that there's no "wow, I'm in a different country" feeling. Some of it, especially rural areas are almost indistinguishable from the US. It is worth a trip for sure. Maybe Sanjeev will stack the deck even more and schedule the PDH annual meeting at the same time as the Fairfax shareholders dinner/annual meeting. Not everyone is nice. Growwwwl. Try driving in Toronto. The only difference between Cdn and Americans is that we are better in every way..... Link to comment Share on other sites More sharing options...
Uccmal Posted September 12, 2014 Share Posted September 12, 2014 I was wondering if anyone has info on the performance of MPIC fund over the last 10 years ? I went to the Corner Market Capital site and can't seem to find any info.... Would be good to know ... Thanks! I was really hoping someone could help.... Or perhaps those who have invested with Sanjeev could let me know Sanjeev's performance in the last 10 years :) Would this not be an important question to get answered for investing in PDH ? Thanks ! Gary Gary, I have known Sanj. for about 9 years, and Alnesh a little less. I dont know the record on Corner Market Capital offhand but suffice to say it is within the top 5%. I dont think you could go wrong investing with him... for the long term. I suspect PDH will have returns over time that are as good as you could get, anywhere. My own record is 25% (after tax) over 9 years and I will be investing with him. He is honest, and ungodly smart, and understands risk. Link to comment Share on other sites More sharing options...
Gamecock-YT Posted September 12, 2014 Share Posted September 12, 2014 Fair enough. I'll try and buy a small position so I can track it. I've also never been to Canada so that will give me an excuse to visit for the annual meeting. But it's familiar enough to the US that there's no "wow, I'm in a different country" feeling. The stop signs in French always freak me out. Link to comment Share on other sites More sharing options...
jeffmori7 Posted September 12, 2014 Share Posted September 12, 2014 Fair enough. I'll try and buy a small position so I can track it. I've also never been to Canada so that will give me an excuse to visit for the annual meeting. But it's familiar enough to the US that there's no "wow, I'm in a different country" feeling. The stop signs in French always freak me out. Yes, come to Quebec, that would be a litle bit more exotic than ROC (Rest of Canada)! Link to comment Share on other sites More sharing options...
LC Posted September 12, 2014 Share Posted September 12, 2014 I lived in Montreal for 6 years and the only French I managed to learn was Arret. Oh and also how to introduce myself to women. However being recently married I have, of course, quickly forgotten that. Link to comment Share on other sites More sharing options...
fareastwarriors Posted September 12, 2014 Share Posted September 12, 2014 I lived in Montreal for 6 years and the only French I managed to learn was Arret. Oh and also how to introduce myself to women. However being recently married I have, of course, quickly forgotten that. Sure, LC, sure... lol ;) Link to comment Share on other sites More sharing options...
bizaro86 Posted September 12, 2014 Share Posted September 12, 2014 The stop signs in French always freak me out. Depends which part of Canada. In the west you won't see or hear French except: 1) From Federal gov't employees (airport security greets us with "Hello Bonjour") 2) Printed on cereal boxes Link to comment Share on other sites More sharing options...
augustabound Posted September 12, 2014 Share Posted September 12, 2014 Even in Ontario there are only a few pockets of communities that speak French. I think even stop signs are French in Quebec and parts of New Brunswick only. Maybe to settle this the Premier AGM needs to be in Montreal. :P We can all take in a Habs game.................or Expos once they return. ;D Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted September 12, 2014 Share Posted September 12, 2014 Was fortunate enough to get a starter position at 0.181. I know you're all about long term perspective so I'm willing to wait a whole year for to make me rich ;) Link to comment Share on other sites More sharing options...
rkbabang Posted September 12, 2014 Share Posted September 12, 2014 Was fortunate enough to get a starter position at 0.181. I know you're all about long term perspective so I'm willing to wait a whole year for to make me rich ;) It may take more than a year, but when it hits $100,000/share you will be rich. Link to comment Share on other sites More sharing options...
Junto Posted September 13, 2014 Share Posted September 13, 2014 Wow this is a trained wreck of a company. Parsad you have some guts getting involved here. What is your knowledge of this business? I don't recall this being an investment specialty of yours on the site but understand the site is a business in and of itself. Huge options outstanding in the money (dilution), poor revenue history with a high hurdle break even rate. Debt and paybles getting converted into stock at less than $0.03 per share during last 9 months. Definitely venture capital type deal. Not a value play for sure. Not sure I would even buy @ $0.01 right now. Need to demonstrate its not a going concern first. Best of luck! I hope you can revive it...a certain gamble...Interim_Financials.pdf Link to comment Share on other sites More sharing options...
LC Posted September 13, 2014 Share Posted September 13, 2014 I lived in Montreal for 6 years and the only French I managed to learn was Arret. Oh and also how to introduce myself to women. However being recently married I have, of course, quickly forgotten that. Sure, LC, sure... lol ;) This is just step 1 in Kraven's program to create a happy and fulfilling marriage. Next week I'm learning the 100 uses for kale! Link to comment Share on other sites More sharing options...
rayfinkle Posted September 13, 2014 Share Posted September 13, 2014 I lived in Montreal for 6 years and the only French I managed to learn was Arret. Oh and also how to introduce myself to women. However being recently married I have, of course, quickly forgotten that. Sure, LC, sure... lol ;) This is just step 1 in Kraven's program to create a happy and fulfilling marriage. Next week I'm learning the 100 uses for kale! hahaha Link to comment Share on other sites More sharing options...
Parsad Posted September 13, 2014 Share Posted September 13, 2014 Wow this is a trained wreck of a company. Parsad you have some guts getting involved here. What is your knowledge of this business? I don't recall this being an investment specialty of yours on the site but understand the site is a business in and of itself. Huge options outstanding in the money (dilution), poor revenue history with a high hurdle break even rate. Debt and paybles getting converted into stock at less than $0.03 per share during last 9 months. Definitely venture capital type deal. Not a value play for sure. Not sure I would even buy @ $0.01 right now. Need to demonstrate its not a going concern first. Best of luck! I hope you can revive it...a certain gamble... I skate to where the puck is going to be, not where it has been. - Wayne Gretzky Link to comment Share on other sites More sharing options...
kmukul Posted September 13, 2014 Share Posted September 13, 2014 Can one of you guys kind enough to help me what is prasad doing with PDH, is he making it his investment vehicle or making it his reinsurance vehicle. If its that then may be price will hit 100K after 50 years and I can read Prasads letters meanwhile to make myself smarter And is there a place that russell breweries has in this game? or is it just a holding of Prasad. Thanks a lot Link to comment Share on other sites More sharing options...
Junto Posted September 13, 2014 Share Posted September 13, 2014 Wow this is a trained wreck of a company. Parsad you have some guts getting involved here. What is your knowledge of this business? I don't recall this being an investment specialty of yours on the site but understand the site is a business in and of itself. Huge options outstanding in the money (dilution), poor revenue history with a high hurdle break even rate. Debt and paybles getting converted into stock at less than $0.03 per share during last 9 months. Definitely venture capital type deal. Not a value play for sure. Not sure I would even buy @ $0.01 right now. Need to demonstrate its not a going concern first. Best of luck! I hope you can revive it...a certain gamble... I skate to where the puck is going to be, not where it has been. - Wayne Gretzky Look at the MD&A of your business. This is ugly. The PPM also indicates you are "The net proceeds of the Offering will be used to fund expansion of the Company's premier diagnostic medical clinics in China and Canada, as well as for general working capital and investment purposes." Why would you reinvest into the existing business? Total Assets of $1.4MM as of June 30, almost all assets in China. Revenues of $503,634 for the nine months ended June 30, Net Loss of $777,879. Balance Sheet shows $78,630 in cash and equity of a negative $1,075,194. These numbers are not in thousands. June 30 (before PPM) shares outstanding 52,934,978 before considering numerous warrants and options outstanding. The kicker is that on August 5, 2014 the company issued "700,000 options to purchase shares of the company, as well as 3,000,000 common shares at a deemed value of $0.05 per share to a director of the Company as a signing bonus." Awfully close to the PPM raise. Now you have to cover the spread with new revenues, reduced expenses, or additional businesses. If you return ~10% of the raised PPM money, the company breaks even. If you reinvest in the business, it looks like good money after bad (the company has never been profitable and has amassed $14 million + in losses). If you invest in other businesses, you have to cover the drag of the existing operation plus return an acceptable amount to shareholders who will be diluted significantly to the benefit of the pre PPM shareholders, directors, and debt holders. Show me the history to support the potential market out-performance from investment prowess and business knowledge to drive market beating returns? I didn't see an answer to those questions on the board or in the filings. It doesn't pass the smell test. Again good luck, but I am not sure why you wouldn't start from scratch if you wanted a public investment vehicle versus working through this company. Not usually such a naysayer but someone has to balance the mind in the clouds thoughts on the board. I would highly recommend everyone stay away. I would put a strong sell order on this business at $0.20/share. MDA.pdf Link to comment Share on other sites More sharing options...
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