RE:RE:NAVLet's look at the list that comprises that NAV:
https://www.pinetreecapital.com/investments/investees_name/
First, NAV has taken a huge hit since October. Many of those stocks have tanked since then like UWE, GCU and MMS.
Second, how would PNP be able to sell any of these stocks at market prices if they have to wrap up? How are they going to sell 9 million shares of MMS @ 7 cents? Or 20 million of GCU at 19 cents or 17 million of ICG at 20 cents? They're not. Those stocks would all end up dropping 75% or more if they flooded the market with shares.
RE38 Wrote: In the reality PNP faces, that 38.8% debt ratio is really over 50% if you factor in that NAV doesn't truly reflect the "market price" of having to unload a bunch of illiquid positions. The best hope to recover is to be able to sell PTK and ANY at reasonable prices. Then the bondholders eat away most of that value. And of course the management team has to get their golden shower...err I mean...golden handshake severance package. I can easily see a scenario where shareholders don't recover $20 million in value. Maybe nothing at all.
Read more at https://www.stockhouse.com/companies/bullboard/t.pnp/pinetree-capital-ltd#dJCKMA1UDyekpfmX.99
If you sum the value of the stocks listed at the end of 3rd quarter in Pinetree Web site i.e end of 30 of sept the sum is 111,692,000 and NAV was .63 remember the list is not for all stocks I would say 2/3 of the value , assuming that the quantity of stocks did not change and doing the same calculation for the prices of these stocks today they are around 119 Millions, so I do not understand how you are saying that NAV had a huge hit since October ( .47), I agree with you that the prices of UWE, GCU and MMS went down they were around 8 millions by end of Sept and today they are around 6 millions i.e loss of 2 Millions while AAO, ANY and PTK were around 45 millions by end of Sept now they are around 57 millions i.e there are Plus 12 Millions,remeber I am not comparing Oct (.47) I am comparing with Sept (.63) , so I beleive the NAV will be much higher than (.47), I request who will comment on this to do the calculation any one can do it and it is worth to do it if anyone have stocks in PNP so at least when selling on .09 understand why doing that.
Hint why I compared with end of Sept not end of Oct? because there is no price for each stock in Oct