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Levshares 3X Nvidia Etp LVNVF


Primary Symbol: LVNNF



GREY:LVNNF - Post by User

Levshares 3X Nvidia Etp > PGLC
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Comment by Heywood_Silverson Jun 24, 2016 5:38pm
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Post# 24997280

RE:RE:RE:PGLC

RE:RE:RE:PGLC
If you look at last year's press release regarding the spinoff Levon Resources, it indicates they would hold about 35 million shares of Pershing.  The 12.31.15 YE financials indicate the holdings of Pershing are now down to less than 2 million shares.  Even if Pershing was a bad investment, it amounts to a tempest in a teapot at this point since most of the position has been divested.

Looks like management is using the AFS (available-for-sale) shares as a way to pad the treasury when need be.
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