Q: Can you please provide and update on MENE, thank you.
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Investment Q&A
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Q: Last December, you said you would like to see a few more quarters. They look impressive to me but would prefer your expert opinion. Would you start buying this one or not.
Thanks
Thanks
Q: Iiroc stopped trading yesterday. Looking back at the release it names the stock Mene.WT and it trades on V.
Does the WT stand for warrant ? If so I don’t recall ever seeing this, please clarify.
Also on their Q3 results they have reported their first quarterly operating income, after going public less than 3 years ago. Is this significant, and would you buy the stock ?
Thanks for your help.
Does the WT stand for warrant ? If so I don’t recall ever seeing this, please clarify.
Also on their Q3 results they have reported their first quarterly operating income, after going public less than 3 years ago. Is this significant, and would you buy the stock ?
Thanks for your help.
Q: IIROC has suspended trading, pending delisting.
As far as I know Mene has provided all documents so I suspect the delisting may be to take Mene private. Insiders own about 80% of the stock. If this is what is happening, how do you see this played out ? Is there any chance shareholders will get nothing or little ?
Thanks
As far as I know Mene has provided all documents so I suspect the delisting may be to take Mene private. Insiders own about 80% of the stock. If this is what is happening, how do you see this played out ? Is there any chance shareholders will get nothing or little ?
Thanks
Q: In the past you were not keen on Mene.
Their last quarter was an all time best. Today I see no news but the sp is up 32% on the TSX and up 62% in the US.
Do you see any news, and are you warming up to Mene ?
Thanks for your help.
Their last quarter was an all time best. Today I see no news but the sp is up 32% on the TSX and up 62% in the US.
Do you see any news, and are you warming up to Mene ?
Thanks for your help.
Q: Results seem good, do you agree ?
Roy Sebag, makes 3 points in his comments.
Please explain his third comment, not sure I understand this one.
Thanks for all your help.
Roy Sebag, makes 3 points in his comments.
Please explain his third comment, not sure I understand this one.
Thanks for all your help.
Q: Looking for insider ownership for SYZ .
Total shares about 29 M.
Mene insider ownership is 81%. But the float is still I think about 40 M, please correct me.
Is there such a thing as too much insider ownership ? What is the best percentage for insider ownership or is this something worth considering ? Please comment.
Total shares about 29 M.
Mene insider ownership is 81%. But the float is still I think about 40 M, please correct me.
Is there such a thing as too much insider ownership ? What is the best percentage for insider ownership or is this something worth considering ? Please comment.
Q: Do you expect the jewelry business to decline in 2020 ? Mene being an online business might see more traffic, do you agree ? They will report their Q4 and end of year around May 31st. I have no doubt this will be their best quarter yet. But I am questioning how their business will fair for 2020 and beyond. Can you comment on management and business model ?
Thanks
Thanks
Q: Please comment on today’s PR.
What is positive and negative for both companies in this PR ? Would you buy any of these two ?
Thanks
What is positive and negative for both companies in this PR ? Would you buy any of these two ?
Thanks
Q: I looked at insider trading on Canadian Insider web site. Between Oct 18-Jan 21st 2019, insider buying is huge. I see directors buying 1.6 million shares. Others, Joseph Crumb 3.4 M. Chiabra Tommasso also director 2.0 M.
Roy Sebag CEO 6 trades for 525 thousand shares. Also for XAU , he purchased in 5 trades 863 thousand shares. I do not normally check insider trading activity, but this seems out of the ordinary. Please verify my numbers. If exact, have you seen such large insider buying before ?
If so, would you recommend taking a position in Mene.
thanks for your help.
Roy Sebag CEO 6 trades for 525 thousand shares. Also for XAU , he purchased in 5 trades 863 thousand shares. I do not normally check insider trading activity, but this seems out of the ordinary. Please verify my numbers. If exact, have you seen such large insider buying before ?
If so, would you recommend taking a position in Mene.
thanks for your help.
Q: Hello again,
what do you make of Mene's latest quarter and is it on track for the XAU projections in your opinion?
what do you make of Mene's latest quarter and is it on track for the XAU projections in your opinion?
Q: To follow up Andrew’s question early December, concerning the resignation of Josh Crumb, today on Mene’s web site he is still listed as a director, and not on Goldmoney’s website. Do you know more about his departure from XAU ? As you know XAU owns 76 million shares of MENE, and during the earnings call last January 10th, Roy Sebag said that Mene could generate 50 to 100 million in revenue within 1 or 2 years. Last quarter revenue was 2 million. That caught my attention, what are your thoughts on taking a position in MENE ? Do you think this is a company you might produce a report on ?
Thanks
Thanks
Q: What do you interpret from the latest news release in particular the resignation of Josh Crumb and the future of the Mene collaboration?
Q: I know it’s early days, but from what I have read Mene has excellent potential, do you agree ?
Financing was announced Friday, and the stock went down seems excessive to me, new start ups usually do this to get money for expansion, they will have $ 40 M total cash after this financing. Would you buy Mene now ? Insiders own a lot of stock. Do you think we will know who the private investor is on Sedar after the closing of financing ? This investor is in for $ 20 M with the intent of $ 80 M additional, this is a lot of money, this investor is obviously close to Mene and would not invest so much without doing his due diligence.
Comments ?
Thanks
Financing was announced Friday, and the stock went down seems excessive to me, new start ups usually do this to get money for expansion, they will have $ 40 M total cash after this financing. Would you buy Mene now ? Insiders own a lot of stock. Do you think we will know who the private investor is on Sedar after the closing of financing ? This investor is in for $ 20 M with the intent of $ 80 M additional, this is a lot of money, this investor is obviously close to Mene and would not invest so much without doing his due diligence.
Comments ?
Thanks