Francisco Industries & Manati Industries

I found a couple of very strange companies on the pink sheets and I’ll use this post to collect some of my thoughts on them. The companies in question are Francisco Industries (OTCMKTS:FRAZ) and Manati Industries (OTCMKTS:MNII). They are both US corporations that had operations in Cuba and that had their property seized by Cuba […]

Kobex Capital substantial issuer bid

Just a short post about a special situation that might be attractive. The Canadian company Kobex Capital has announced a substantial issuer bid for 85% of its outstanding shares. Kobex is a cash box with no remaining operations. Management was not making progress in buying another business or making solid investments. The result was that […]