PVL 0.00% 4.3¢ powerhouse ventures limited

Just checked the preliminary annual report, which says PVLs...

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    Just checked the preliminary annual report, which says PVLs holding is 12.6%. 12.6% of $50 mm would be about $6 mm dollars, which might be more like 6 cps? (If the mc shown on hc is roughly right) ???

    Do you know something that I am missing?

    Why does any one suggest Ferronova is worth as much as $50 mm anyway? PVL is still carrying their 12.6% at less than $1 mm and they hardly have a record of being conservative?
 
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