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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: Can you please comment on PKT's recent announcement on 1) the purchase of 2 industrial sites for $36.25m 2) $10m private placement 3) Steve Scott's role in leading the newly focused company.
- with the private placement set at $.25, why is the stock trading at $.475 (.15 was the pre announcement price)?
- with the stock up over 200%, the market seems to like the deal. It seems like a major departure for a company that basically ran parking lots. Why such enthusiasm?
- do you know anything about Steve Scott (his bio seems very credible)?
- it appears as if Steve Scott is a principal owner of one of the properties being acquired - any red flags?
As a long term suffering shareholder I would love your comments and guidance. I originally purchased this with the understanding (hope?) that they would monetize some of their real estate assets but nothing happened for years. I am always a little leery of such moves in micro cap names and wonder if this is time to take my money and run or hang in there to enjoy the ride after seeing my money "idling in a parking lot" for way too long?

Many thanks
Scott
Read Answer Asked by Scott on December 07, 2020
Q: In calculating the weightings of individual equity holdings, I use only my total equity holdings as the denominator and ignore bonds. Outside of Canada, my equity exposure is held in international ETFs, and I include these in the total equity when making the above calculation. Do you think that's the right approach? I go back and forth on whether to remove the ETFs from the calculation.

Thanks.
Read Answer Asked by Alan on December 07, 2020
Q: Good morning
If I want to add to each of those positions which one would you chose considering actual valuation and future potential
Thanks
CDJ
Read Answer Asked by claude on December 07, 2020
Q: In my self administered TFSA I’m invested about 50% in US equities/50%CND equities.

So whenever I’m buying or selling a US stock I have to deal with currency conversions as well as trading fees.

Am I allowed to have a Self directed US dollar TFSA thru Invest Direct at CIBC and linked to US dollar account held at the same bank? My local CIBC guy says no. Seems RBC allows it. Thanks for your appreciated guidance!!
Read Answer Asked by Rob on December 07, 2020