Netcapital Inc (NCPL)

[CrowdPower]

Wow, something must be brewing. Seven filings, more than 200 pages. I am trying to see what is revealed that is going to bring the value. They now own a dozen or so pieces of businesses, that they tried to put on the books and their auditor made them either write them off, under the impairment rules, or just plain not record the transaction to begin with.

They have assets that are not on the books. I wonder if some of them are becoming valuable, or are going to merge into the company.

Even in the latest 10-Q, as a subsequent event, they are saying

Note 11 – Subsequent Events

The Company made additional investments in early-stage companies in exchange for consulting and advisory services. Agreements for non-exclusive advisory services and management consulting services were rendered that provide the Company with equity in Zelgor Inc., MadHat Media Inc, Chronability Inc., Dark LLC, Storeboard Inc, Splyst LLC and Rivetz Corp.


And that doesn't include the investments they gathered for the prior 7 quarters. This is the subsequent event note in the financials. So all this happened after October 31, 2016.

And they have no derivative liabilities, no convertible debentures, and they have not been issuing stock like a drunken sailor. I genuinely like what I am seeing.