Replies to post #12170 on 141 Capital Inc (fka ONCP)

[nukuhiva]

To convert right now is impossible ... the most important is to get the account funded with more $ because we do have a system who actually is ranked # 1 return CTA so far and even YTD

so what is the most important right now ?your interest or the interest of all ?
I have some converted shares as well but I'm willing to wait until they get the amount of funding they deserved. and they will

I thought you have some common sense in business strategy ...

I got this reply from Paul

"In truth, we have some very interested
institutional investors, however, they want more of a track record. The key
here is to pay attention to our knitting, and to stay #1, or at least in the
top 5. "

[endub]

yep, i fear how long they will stall the conversion...oh well, my common shares werent worth anything when i converted and they did a RS like i assumed they would so i'm still comfortable with my decision to convert.....AS LONG as they are eventually converted and the 3 month clock starts AND the stock is liquid (ie sellable) by the time i can convert back to common, i'll be happy....a lot of IFs in there...

i agree, as long as they continue good monthly performance and increase trading money in thier account this should have some hope and life

[longhornbill]

I agree with what you say, EXCEPT that it is very, very possible to get the pps up to 20 cents or so before the conversion date. If they have a money pocket with them now, he can fund the operations until they get institutional money. Rund your own math, BUT if they get 10M in the trading pot (which is not a lot of money in the investment/management game), that will generate a fee of 25% of a conservative return of 50% (when the market turns, look out for the big up side) which means that they will earn (2% X 10M plus the performance fee above) whch is 200,000 + 1,250,000 for the year. Assume expenses of 450,000 and you have a net income of 1,000,000. That is 3.33 cents per share (for 30M shares, post conversion) and that is between 33 cents and 66 cents. These are valid assumptions, we just do not know the time frame. If it was me, I would hold up the date on the conversion certificates until I could get a decent price. All IMHO

LB