Stock Trend Capital Recovers $1.3 Million from an Investment That Was Previously Written Down to Zero
Stock Trend Capital has successfully closed a transaction selling its stake in Alkaline Spring for net proceeds of approximately $1.3 Million. The investment, which was initially made in 2019 and subsequently written down to zero in 2020, has now been fully recovered. The company's CEO, Anthony Durkacz, expressed satisfaction with management's ability to unlock value from their portfolio through this recovery.
Stock Trend Capital ha concluso con successo una transazione vendendo la sua partecipazione in Alkaline Spring per proventi netti di circa 1,3 milioni di dollari. L'investimento, effettuato inizialmente nel 2019 e successivamente svalutato a zero nel 2020, è stato ora completamente recuperato. Il CEO dell'azienda, Anthony Durkacz, ha espresso soddisfazione per la capacità della direzione di sbloccare valore dal proprio portafoglio attraverso questo recupero.
Stock Trend Capital ha cerrado con éxito una transacción vendiendo su participación en Alkaline Spring por ingresos netos de aproximadamente 1.3 millones de dólares. La inversión, que se realizó inicialmente en 2019 y se escribió a cero en 2020, se ha recuperado completamente. El CEO de la compañía, Anthony Durkacz, expresó su satisfacción por la capacidad de la dirección para desbloquear valor de su cartera a través de esta recuperación.
Stock Trend Capital는 Alkaline Spring에 대한 지분 매각 거래를 성공적으로 마감하여 약 130만 달러의 순 수익을 올렸습니다. 이 투자는 2019년에 처음 이루어졌고 2020년에 제로로 상각되었으나 현재 완전히 회수되었습니다. 회사의 CEO인 Anthony Durkacz는 이번 회수를 통해 포트폴리오에서 가치를 창출한 관리자의 역량에 대해 만족감을 표했습니다.
Stock Trend Capital a réussi à conclure une transaction en vendant sa participation dans Alkaline Spring pour des recettes nettes d'environ 1,3 million de dollars. L'investissement, réalisé initialement en 2019 et ensuite inscrit à zéro en 2020, a désormais été entièrement récupéré. Le PDG de l'entreprise, Anthony Durkacz, a exprimé sa satisfaction quant à la capacité de la direction à débloquer de la valeur de son portefeuille grâce à cette récupération.
Stock Trend Capital hat erfolgreich eine Transaktion abgeschlossen, in der es seinen Anteil an Alkaline Spring für Nettoprovisionen von etwa 1,3 Millionen Dollar verkauft hat. Die Investition, die zunächst 2019 getätigt und 2020 auf null abgeschrieben wurde, wurde nun vollständig zurückgewonnen. Der CEO des Unternehmens, Anthony Durkacz, äußerte seine Zufriedenheit mit der Fähigkeit des Managements, durch diese Rückgewinnung Werte aus ihrem Portfolio zu schöpfen.
- Recovery of $1.3 Million from a previously written-off investment
- Successful monetization of a zero-valued asset
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Stock Trend Capital Inc. (CSE: PUMP) (FSE: P0G) (OTC Pink: STOCF) (the "Company" or "Stock Trend") is pleased to announce that the Company has closed a transaction selling its interest in Alkaline Spring Inc. ("Alkaline") for net proceeds of approximately
Anthony Durkacz, Chief Executive Officer and Chairman of Stock Trend Capital commented: "We are thrilled to have managed to recover such a significant sum for an investment that the company had previously valued at nothing, demonstrating the diligence of management of unlocking value within our current portfolio."
About Stock Trend
Stock Trend Capital Inc. is an investment issuer primarily focused on the AI sector and the Canadian cannabis industry. The issuer intends to focus on investing in private and public entities with strong intellectual property, exceptional management and high growth potential that may be strategically positioned in the market.
On behalf of the Board of Directors of
STOCK TREND CAPITAL INC.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Anthony Durkacz
CEO, Director
Telephone: (416) 720-4360
Email: anthony@stocktrend.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are based on the opinions, assumptions, factors and estimates of management considered reasonable at the date the statements are made. The opinions, assumptions, factors and estimates which may prove to be incorrect.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others: general economic, market, or business conditions; uninsured risks; regulatory changes; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations, or statements made by third parties in respect of the Company or its financial or operating results.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232668
FAQ
How much did Stock Trend Capital (STOCF) recover from the Alkaline Spring sale in 2024?
When did Stock Trend Capital (STOCF) write down its Alkaline Spring investment to zero?
When did Stock Trend Capital (STOCF) originally invest in Alkaline Spring?
