Madison Pacific Properties Inc T.MPC.C

The 10,000 share question IS

[Malpeque2]

Whether the Madison Pacific majority shareholders are using the public company capital to Privatize the gains on the RE assets for their Private Co's? 

I say the Housing Developement financial arrangements in Mission lead one to believe they could be doing EXACTLY that.    The structure is set up for the Public Co to make dimes while the insiders use interests in the Private Co's to make $$$.  

Someone has 10,000 shares sitting out there for weeks now.    Why doesn't the company or one of the insiders buy those shares???  

"Why buy the cow when you can already milk it".     This is the mantra of all things securities related in Canada.  This exists because of lax regulations from the Exchanges,   the governing bodies like IIROC and the Canada Securities Admin,  the auditors for these Public Co.s    It is everywhere in Canada,  and IMO  King George Financial was a RIPOFF of the Public Co. Capital and this MPC is one Too!

[undervalue]

I think if you take a second and realize that the JV has been investing significant monies in the planning and engineering for the entire community you can settle down. Despite those significant expenses, the co. is reporting income from the JV. I have said this numerous times, for the sake of a few bucks, you can be out. I am on the bid. (700 times 40 cents is $280) I bought stock at $6.50 this