RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CJ and NuttalI did kinda answer my own question...and my brain must have been foggy as for income tax purposes this must be set up like a mutual...capital gains tax is going to flow to mutual fund holders and not Nine Point. Best structure.
The cash component Ninepoint hold makes sense if a amutal as that can cover "expected" redemptions. Over 5% redemption is unlikely too happen in a normal month.
I did a buy this morning purely on a hunch of how Eric Nuttall works and his nine point fund.
I think Eric does his buys on the first 5-8 trading days of the month.
If you look at Obsidian Energy....they basically had low volume for all of May.
Then boom in starting June 500k plus had basically traded everyday.
It is possible Eric is accumulating, someone is buying OBE hard each day.
What are Eric's choices in the 15k-50k BO space in Canada:
Torc - gone
Cardinal
IPCO
Surge
OBE
TVE
ATH
Who am I missing?
Choices are pretty slim....it dawned on me last night and I got little sleep...but i dawned on me that if Eric is willing to touch BTE for his fund then he could be likely to skip past OBE"s "warts' as the pickings are slim.
Eric could easily go on next BNN and say "holy f...look at OBE FCF ability"...and start the pump...
Happy trading all. Still waiting with 3 CJ bullets.