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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 add some colour to the recent activities at ER
- is the sale to AUG a done deal?
- if the deal values ER at .42, why is it trading at .28
- the deal appears very complicated with spin outs and share swaps etc...can you explain what exactly is happening and what ER shareholders will end up with at the end when the dust settles
- is this a good deal for ER shareholders?
- what would you do as a shareholder, sell now, wait for deal to close then sell or happily take the new shares with the expectation that the new entity has good growth potential?
Many thanks

Scott
Read Answer Asked by Scott on July 31, 2020
Q: is this the 'greenlight' that legitimzies Bitcoin?
It seems the days of independent crypto currency brokerages are limited if the banks get in on the action for themselves and clients.
- could the US governement see the writing on the wall and figure best to legitimize crypto to get a lead on other large economies that are trying to marginalize it?


https://www.americanbanker.com/news/occ-allows-banks-to-hold-cryptocurrency-assets-for-safekeeping

OCC allows banks to hold cryptocurrency assets for safekeeping
By Brendan Pedersen
July 22, 2020, 3:44 p.m. EDT
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WASHINGTON — The U.S. regulator of national banks issued an interpretative letter giving banks the all-clear to hold cryptocurrency assets on behalf of their customers.

The letter, dated Wednesday, clarifies the stance by the Office of the Comptroller of
the Currency that bank custody services, which have long been understood to include holding digital assets, can extend to cryptographic keys and other crypto-related assets.
Read Answer Asked by Neelesh on July 31, 2020
Q: LMNL went up 100 % - Why ? De-listing from TSX ? Appreciate your comments. Thank you
Read Answer Asked by Kamal on July 31, 2020
Q: FENY, XLE, IYE I am looking to add to my small investment in energy stocks. I have zeroed in on these 3 candidates. Using the RBC Direct Investing site, there appears to be little difference between these stocks looking a both short term and long term out to 10 years. MER’ s are also comparable.
But FENY has almost a 12% yield while the other 2 are around 6%. Given the otherwise very similar performance metrics is there any reason NOT to buy FENY. And for a decking dividend and significant upside potential is there another energy etf that I should consider? Thanks for your help with this decision,
Read Answer Asked by Donald on July 31, 2020