CNRR - .06 x .107 Still a safe hold imo. 10q out. Tidbits from it:
The Company’s immediate core strategy is to create and enhance shareholder value by acquiring sustainable business with stable cash flow. The Company will not acquire any business in early stage of development.
At the end of quarter, the Company made an investment in DX Mortgage Income Fund, an unrelated party, in the amount of CAD $2,700,000 (USD 1,986,810), with an annualized interest rate payment of approximately 6%. The investment is redeemable at anytime by written notice to the fund manager.
At November 30, 2016, we have cash and cash equivalents on hand of $2,847,785 (May 31, 2016 - $4,980,735), oil revenue receivable of $21,036 (May 31, 2016 - $26,351). We have short-term investment of $1,986,810 (May 31, 2016 - $ nil). We have accounts payable of $12,481 (May 31, 2016 – $7,448) and we have no other material debts to anyone.
State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 56,100,000 as of January 23, 2017
My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.
