The companies on our list have cash and short term investments that exceed its equity value
SmallCapPower | August 11, 2016: A company’s cash stockpile is important to future distribution and investor returns. When a business has more cash than equity value, it can make it an attractive takeover target, which is usually good for shareholders.
Neovasc Inc. (TSE:NVC) – $0.75
Advanced Medical Equipment & Technology
Neovasc Inc. (Neovasc) is a specialty medical device company that develops, manufactures and markets products for the cardiovascular marketplace. The Company’s segment is the development, manufacture and marketing of medical devices. Its products include the Tiara technology in development for the transcatheter treatment of mitral valve disease, the Neovasc Reducer for the treatment of refractory angina, and tissue products.
- Market Cap: 50,149,759
- Revenues: 12,640,969
- Operating Income: -43,466,021
- Cash: 60,992,908
Itasca Capital Ltd. (CVE:ICL) – $0.52
Itasca Capital Ltd, formerly Kobex Capital Corp, is a Canada-based company that focuses on resource-based strategic investment or business combination. The Company focuses on direct or indirect investment in the natural resource investment sector. The Company was focused on mineral exploration and development industry. The Company has no operations. The Company has not generated any revenue.
- Market Cap: 215,285,203.21
- Revenues: 0
- Operating Income: – 3,789,670
- Cash: 31,099,270
Western Potash Corp. (TSE:WPX) – $0.15
Western Potash Corp. is a Canada-based development-stage potash company that is engaged in the business of the acquisition, exploration and development of potash mineral properties. It owns or holds, directly or indirectly, interests in Milestone Project, a potash property. Its Milestone Project is located in southern Saskatchewan, approximately 35 kilometers southeast of Regina.
- Market Cap: 114,570,744.63
- Revenues: 0
- Operating Income: – 4,386,020
- Cash: 78,520,500
Westernzagros Resources Ltd (TSE:WZR) – $0.10
Oil & Gas Exploration and Production
WesternZagros Resources Ltd. is a Canada-based international oil and gas company focused on acquiring properties and exploring for, developing and producing crude oil and natural gas in the Kurdistan Region of Iraq. The Company, through its subsidiaries, holds working interest in each of the Garmian production sharing contract (PSC) and the Kurdamir PSC. The Garmian Block includes the Sarqala discovery containing an estimated of approximately 10 million barrels of proved plus probable (2P) oil reserves and unrisked P50 prospective oil resources of over 60 million barrels (both Gross Block).
- Market Cap: 51,194,480
- Revenues: 20,562,494
- Operating Income: – 294,691,771
- Cash: 56,410,052
DISCLAIMER The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.