VSI Inklings :)Dear Investors:
Consider:
1.) Northern River's continued insider buying subsequent
to the trading halt - as previously posted by Gladys7, etc.
2.) An excerpt from Cleland's latest letter, 14 July 2009
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The private portion of the portfolio is the focus of this letter
The fundamentals in the core positions have
ALL continued to improve,
in some cases dramatically (as laid out regarding Neptune and Webtech
in the last letter); I expect to be able to write about significant new developments
for
ALL of them by
the end of the summer (hopefully sooner!) In the meantime,
I thought I would take this opportunity to re-visit the portion of the portfolio
comprised of private companies....
from:
https://www.northernriversfunds.com/assets/downloads/Cleland_June_2009.pdf
(please note - bold type added by me)
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3.) Continued personal communication with company representatives
that not only suggests that buisness continues to grow, but also suggests
that the accounting review will, hopefully, be completed by late August (as
also hinted at in the paragraph from Cleland's monthly letter above).
sincerely.............