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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Compass Venture Inc > No exploration no new discovery same low stockprice
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Comment by bobvee15on Aug 06, 2014 2:40pm
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Post# 22814692

RE:RE:RE:RE:No exploration no new discovery same low stockprice

RE:RE:RE:RE:No exploration no new discovery same low stockpriceWhat has been done so far to date is it appears this company seems to be totally managed for executive privaitization. Its certainly tough to be a minority holder here even though there is  much accounting value in the stock at current prices. The problem here is there are no catalysts. Exploring small 5million bbl fields at a 25% COS is not an extremely compelling risk reward with relatively pricy exploration costs. So milking the cash cow is their best option.


The buy backs are  being done to mask the lack of organic growth by lowering the denominator in the EPS calculation.
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