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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: Hi Peter & Team:
I own shares in Westaim [wed]. I notice that the top three execs have purchased 51% of the shares.There is 36 mil on the bal sheet.They are looking for a good opportunity and in the interim collect a total of 800 k a year in salaries while doing their regular jobs. What would prevent them from taking the company private at a low price per share purchase from the minority shareholders. Do you see it as foolhardy to purchase more shares.
Thanking you in advance
BEN
Read Answer Asked by BEN on August 23, 2013
Q: Shares in WED have been threading water at .03 cents for months. Last summer they sold profitable insurance business acquired from Kingsway financial to Intact financial and distributed proceeds to shareholders. This reduced book value to .05 cents per share. Do you have a opinion or any additional information or future prospects. Thank-you
Best Regards
Harold
Read Answer Asked by Harold on August 19, 2013