What I do not understand:
The SP of KEEK rised from 0,75 to 2,25 CAD, this is + 1,5 CAD.
Shouldn't this have an effekt on the SP of PNP? I guess they are holding more than 17% of KEK.
So the NAV of Pinetree should have some additional Millions now?!
Not to mention that the 3 Mio CAD PNP lended to KEK for 12% annual should now be a safe investment for them...