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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Just a comment and clarification on Stevens Qs: I am surprised the 6.25% minimum ECN preferred share financing is still open as it's only $100M. Does this reflect badly on the issue? I thought a 6.25% guaranteed minimum was a good buy even if rates eventually rise.
Thanks.

--- The issue was closed the same day at TD and the issue has been completed yesterday as per mail from TDW.

Issue Completed - ECN Capital Corp. 6.25% Cumulative Rate Reset Preferred Shares, Series C

I also see that they have taken the money from my account for shares allocated.
Read Answer Asked by Mayur on May 19, 2017
Q: Can you elaborate on the restatement of its financials as to timing and substance. If on April 26, why the recent drop? Have to say these medical roll up companies are not worth the ride, there always seems to be something. No desire to hold this one as it rides down but can you provide an assessment of value of the stock today and whether sale at this juncture is not advisable. I assume this may take a lot of time to change the momentum of the stock. Thx
Read Answer Asked by Patrick on May 19, 2017
Q: Just a follow up to an earlier question on May 8. Your answer to a question regarding ZCL was "selling such a large portion so close to the quarter end does not 'look' good in hindsight with the bad quarter. We will attempt to get clarity here,". I was wondering if enough time has passed for the team to get any clarity on insider's selling during a bad quarter. ZCL has been one I've been thinking of adding to but am hesitant with recent results.
Thanks for all your advise. Craig
Read Answer Asked by Craig on May 19, 2017
Q: Hi, The secondary has been priced @US$91. Following is the stated purpose:

"Shopify expects to use the net proceeds from the Offering to strengthen its balance sheet, providing flexibility to fund its growth strategies. Pending their use, Shopify intends to invest the net proceeds from the Offering in short-term, investment-grade, interest-bearing instruments or hold them as cash."

Any comments ? Thanks
Read Answer Asked by rajeev on May 19, 2017
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