Q: This is quite a small cap company that you have commented on a number of times, mostly favourably. Stock price has basically doubled since November, I bought some in February. I am just wondering, since you have some familiarity with the company, whether you can explain the reason for the recent price surge . Does your information suggest that adding to a small position may not be a bad, though granted risky, idea. Ie. what is going on here to suddenly drive this stock higher?
Thanks
Neil
Q: I'm evaluating these 4 microcaps, I'd like to add to add a small position in the one that has the most potential for returns. Ignoring the risk of these being very small market caps. Can you rank these in order that you would buy if you were looking for a microcap with big potential? Or if you would avoid any of them all together you can say so. Thx
Q: Png had 2.4 mil shares change hands the other day, also there has been positive contracts recently and share price is rising. How would you evaluate the risk vs opportunity at this point ?
Q: Can I get your updated review of Kraken Robotics, your last question was in Dec. I know of a few pretty smart microcap investors that have been increasing their positions during this pullback. Those investors believe that the pullback is due to the ex CEO selling a ton of his shares. But they don't think there is any issues with the company that would influence him to sell off all his shares at these prices. I'm just a spectator but would love your unbiased review of the company. Thx
Q: Kraken Robotics has had some significant contract wins lately, including an $8 million contract with a global energy company, a $14 million contract for their undersea batteries, and today a $50 million contract with the Royal Canadian Navy. The stock has roughly doubled in the last 5 months, but is still well off its all time high. The market cap is up to about $115 million. Wondering what you think of this company as a high risk, small investment? Their Q3 showed ytd adjusted EBITDA of $4.4 million, and getting close to reaching profitability with a net loss for the quarter of $0.5 million.
Q: Thoughts please on the Pangeo acquisition and the bought deal at .50 per share. Tough hit for existing shareholders in the short term, would you be a buyer of these shares today at .50 or less?
Q: You found some microcaps interesting years ago and I'm wondering if you still like some of them and/or perhaps there are others you like for a 5-10 year hold?
Q: A big move up for Kraken this week on what I thought was a fairly minor announcement. Your thoughts on why the stock popped so much on big volume and would you be a buyer of this stock at $1 for a 2-3 year hold?
Thanks for the great service.
Rob
Q: I’m wondering what you think of PNG ( Kraken Robotics). They recently announced some deals for their equipment with a few Countries, what kind of prospects do you see for them and would you see them as an acquisition target by a larger Defence company ?
Thanks
Q: PNG recently did a $10M "bought deal" financing at $.67. If it is a "bought deal" does that mean Canaccord are in essence buying $10M worth of newly issued shares at $.67 and they are getting a big discount (prior market was $.78-.80)? Will Canaccord be re-selling these shares to clients at a premium to themselves or just adding them to their own portfolios? Also, if Cannacord have already bought the shares why is the market reacting so negatively? Is it because of the dilution? Last but not least why such a big discount for Canaccord?