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 […]

Oceania Capital Partners

Oceania Capital Partners: an Australian investment company trading at a large discount to book value. The company is controlled by a HCI, a South African holding company. John Copelyn, HCI’s CEO, is set to take control of OCP himself through a family investment trust.

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 […]

Dark companies & Temco Service Industries

Pink sheet companies have always fascinated me. It’s this large universe of mostly very crappy companies that virtually all investors will not touch with a barge pole. Rightly so for the most part. I’d say at least 95% of them are not even remotely interesting. Many are just shell companies with no operations. Others are […]

LanTroVision to be acquired by Mirait Holdings

A short update about LanTroVision (SGX:BJK), which I wrote about almost two years ago. LanTroVision has just received an acquisition proposal from MIRAIT Singapore, which is a wholly owned sub of MIRAIT Holdings Corporation (TYO:1417). LanTroVision shareholders will receive S$3.25 in cash per share. The total acquisition price wil be around S$180 million, including expenses. […]