Re: TD Zenith Capital Corp | Grey Market : ZHCLF
in response to
by
posted on
Aug 20, 2020 05:54PM
Zenith's BET Inhibitor ZEN-3694 is Currently Being Evaluated in Multiple Oncology Clinical Trials
Well I have had my ZCC shares held in my CIBC TFSA account since 2013 as ZENE:CDN and CIBC has had various values being used in the value column.
It currently has a value recorded of $0.99 which I believe was arrived at by some accountant's calculation from the financial statements from Sedar. I think of this with a tecnical accounting word as "Jiggery-Pokery".
The real value in my opinion is somewhat north of $2.04 USD which is what the last private placement to a "qualified" party was set at a while back. I say somewhat north of $2.04 USD as the company needed money and an intelligent investor was willing to part with that amount of cash per share; so they must have thought it was worth more.
Suffice it to say I would not sell my shares as low as $2.04 USD