Quinsam Capital Corp C.QCA

Update

[mercedesman]

https://m.canadianinsider.com/quinsam-announces-dividend-update

Quinsam made a number of investments in Agriforce in recent years. As at September 30, 2020, Quinsam owned 925,000 shares of Agriforce and warrants to purchase a further 925,000 shares. Since that time, Quinsam has exercised 700,000 warrants. The effective carrying cost of our current pre-consolidation holding of 1.625 million shares as at September 30, 2020 (including the cost of the warrant exercise) was approximately C$1.1 million. Based on the expected pre-listing consolidation and the mid-point of the marketing price range, our 1.625 million share position would have a value of US$2.1 million.

[noremac50]

Dividend and Agriforce updates! 5-7 dollars a share... wooo nelly!

[mercedesman]

Don't get overly excited. There is supposed to be a pre-listing share consolidation. Based on the mid-point of the recommended listing price, they calculate profite as $ 2.1M USD - $ 1.1 CAD cost base.  Or $ 2.6M - 1.1 = $ 1.5M CAD profit. However IPO's often explode out of the gate. Perhaps the profit will be much higher. If not still an excellent profit, but not as it might first

[noremac50]

Yup. And Quinsam will be locked from selling for x months anyway.  I like the agriculture tech industry. Especially with more people looking to grow their own food supply. So i think AgriForce will perform very well over the years. we should crack .20 today. More hints from Roger that the NAV has performed very very well. GLTA