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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: Happy New Year to you all. I have held a small position of "Eastern Platinum" for many year. Recently received a note that "The Toronto Stock Exchange reports that Eastern Platinum Ltd. will issue one right per share held on Dec. 18, 2020, with each right entitling the holder to buy one share for 32 cents per share. According to the TSX, the rights will begin trading at the open on Dec. 17, 2020, under the symbol ELR.RT and Cusip No. 276855 14 5. The shares will trade ex rights at the same time.

The TSX reports that trading in the rights will end at 12 p.m. Toronto time on Jan. 22, 2021. The rights will expire at 2 p.m. Vancouver time on Jan. 22, 2021, and will be delisted at the close on the same day. Trades in the rights on Jan. 20, 2021, will settle on Jan. 21, 2021, trades on Jan. 21, 2021, will settle on Jan. 22, 2021, and trades from the open to 12 p.m. Toronto time on Jan. 22, 2021, will settle on the same day.

For more information, see the company's rights offering circular and rights offering notice, each dated Dec. 11, 2020, available on SEDAR."

What should I do about it? I only have 100 shares so if I sell "elr.rt" today, the profit won't even cover the commission (TD waterhouse $9.99). Is that the way the company to rise money? The share closed at 0.39 today. If I take the offer, will the share price go up (above 0.32/per share) after Jan 22, 2021? Thanks.

Read Answer Asked by Lin on January 05, 2021
Q: Hi team,

No questions on NEXE Innovations so here is the first.
Saw a clip on BNN a few days ago and did a little research on the company. It seems to fall in the ESG realm. Can you please give a brief note on whether it is investable based on current finance metrics? Looks like a recent IPO.
How might it compare to GDNP or ECO?
Note, I have held ECO for approx 3 years patiently waiting for them to get more traction on their key products but it is slow adoption. Thought they might do something more with the introduction of the plastics ban.
Can you rate the 3 (best first) or could one simply buy a basket of the 3 to play the small cap ESG theme? Is there a better preference?

Thanks very much for the past years advice!!
Steve
Read Answer Asked by Stephen on January 04, 2021
Q: Hennessy Advisors, Inc (HNNA on NASDAQ)

I've been watching this one for more than a year. Some of its fundamentals look consistently good. But the longer I watch it, the more I feel it's a value trap. Your thoughts? (Also, it doesn't seem to be in your database.)

Best wishes for the new year.

Marc.
Read Answer Asked by Marc on January 04, 2021
Q: Happy new year! Thank you for your help this year.
Could you comment on AQB (AquaBounty)?
Thanks!
Read Answer Asked by Yongwei on January 04, 2021
Q: This company looks like it is in the right place at the right time. Can I have your thoughts about its potential in this greening world? thank you.
Read Answer Asked by ANDY on January 04, 2021
Q: Hi PETER/TEAM Can you please recommend 1 or 2 US and Canadian HYDROGEN stocks. Thanks for your great service.
Read Answer Asked by Dimitrios on January 04, 2021
Q: What's your opinion of SHG (skylight health group)? Is there much inside ownership and are you familiar with management? Thanks - Richard
Read Answer Asked by RICHARD on January 04, 2021
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