Of course. He created ACap out of CNN. Shareholders in CNN had the chance to buy ACAP at 1c would you believe and some of us poor suckers didn't take it up.
The same deal is now in the process of being done with the water recycling division Aquenox hence all the activity over the last couple of months. Should float at 20c.
He also spun off Dia B the diabetes division which CNN shareholders got for free. It has been a little less successful than ACap sitting around 7c currently but it is a long termer I believe.
Then there is the Bioglobal division sitting in the wings waiting to float.
CNN has retained holdings in Acap and Dia B as it will Aquenox when it floats and has no borrowings whatsoever.
Current price after the last few days sell off may be good value IMO.
But you are right pV could build a house with all the boards he is on however it does not seem to have affected his building ability and at the momement with his holdings in each company he could build one f.... mansion. Half his luck.
Slew
CNN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
