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Pinetree Capital Ltd T.PNP.DB


Primary Symbol: T.PNP Alternate Symbol(s):  PNPFF

Pinetree Capital Ltd. is a value-oriented investment and merchant banking company focused on the technology sector. The Company's objective is to maximize shareholder value. It invests primarily in equity, as well as debt and convertible securities. The Company holds approximately 8-12 investments, resulting in equity positions between 7% and 12% of assets (though its positions may at times reach or exceed 20%). Its subsidiaries include Pinetree Capital Investment Corp. (PCIC) and Emerald Capital Corp., and Pinetree Income Partnership (PIP).


TSX:PNP - Post by User

Bullboard Posts
Post by mmac588on Jan 24, 2015 1:27pm
277 Views
Post# 23359358

Money needed to Cure Of Convertible Debenture Debt Incurrenc

Money needed to Cure Of Convertible Debenture Debt IncurrencI looked PNP website, currently they have about 201 M shares outstanding, about 55 M Debenture; Investments of fair value at last Sept 30 was $160M. So even they are going to fire sell their holdings at 50% discount, they will get $80M back, return $55M to debenture holder, equity shareholder still get $0.124 per share. Also last Dec, PNP repaid only $3.3M and cured the Convertible Debenture Debt Incurrence. See below link. So from above calculation, the situation should be okay, PNP can sell 1-2 holdings to fix the issue. Just wondering why they have not done so. I would appreciate if anyone can shed more light on PNP financial status. https://www.pinetreecapital.com/_resources/financials/webreport_14Q3.pdf
Bullboard Posts