Well, at least these guys are buying too...TriNorth Capital recently (sometime after September 30th) invested $1,755,000 in Day4Energy. That means they've lost a lot more money on paper than I have. :)
Continued investment in Day4 by a company like TriNorth can't be seen as anything but a good thing.
Cheers,
El Joro
TriNorth Capital Inc. Announces Unaudited Financial Results for the Three Months Ended September 30, 2008 and Update on New Investments
Last Update: 11/13/2008 4:57:00 PM
TORONTO, Nov. 13, 2008 (Canada NewsWire via COMTEX) -- TriNorth Capital Inc. ("Trinorth") (TRT) today announces its unaudited financial results for the three months ended September 30, 2008.
Total investments at September 30, 2008, stood at $13.4 million.
Subsequent to the end of the third quarter, Trinorth has made several new investments:
$1,755,000 invested in Day4 Energy Inc.
(DFE), a company that designs, manufactures and sells photovoltaic (PV) modules based on its
patented Day4 Electrode technology, a proprietary method of contacting
and interconnecting solar cells. The advanced solar module
construction method increases the performance of conventional silicon
panels and enables the next-generation of PV innovation. Day4 Energy
partners with international technology leaders to develop and deliver
IEC- and UL-certified solar products to customers throughout Europe,
and North America.
About TriNorth
TriNorth is a Canadian-based investment company that invests in a diversified portfolio of companies to generate long-term capital growth for shareholders. TriNorth takes an active interest in its investee companies from the earliest stages, providing strategic and financial counsel, support and direction to assist in their growth and success. TriNorth's investment strategy includes structuring and initiating deals focused on particular resources, themes or regions as well as launching the development of businesses in select industries by providing assistance with the hiring of management teams, providing seed capital and facilitating IPOs. All investment activities of TriNorth are managed by Lawrence Asset Management Inc, a leading Canadian alternative investment asset manager.