Pender has been buying in ; increasing their investment in what I would describe as a gutsy move. As of June 30,2023 57.7% of Pender’s total shareholders’ equity consisted of their investment in Copperleaf Technologies. Talk about leverage for Pender if CPLF goes up.
At June 30, 2023, considering both its direct investment and its indirect investment through its holding of shares of PPI, the Company held 6,762,065 shares of Copperleaf with a value of $38.5 million.
Stockhouse now has them at 10,291,891 shares (14.15%) adding supposedly 2,110,150 shares.
Like that math works !