Hello Tony.

Of course, beyond your keeping on top of Champion’s good day today, as you well know, during recent months (more generally speaking), we’ve had mixed performances from our partner company shares. The downs wiped out the ups. Fortunately, so far as that goes, it’s hardly worse than that.

Since I last added up the numbers, on 18 October 2015, our partner company shares declined a mere total of $49,152 or 1.13 percent (from $4,343,415 to $4,294,263). Meanwhile—at the midpoint between the Bid and Ask—our market capitalization declined $744,546 or 17.14 percent (from $4,095,004 to $3,350,458).

Presently—at the midpoint between the Bid and Ask (2.25 cents)—our $3,350,458 market cap is 21.98 percent (or $943,805) below the $4,294,263 present trading value of our partner company shares. In terms of the price of the last FNC trade (2.0 cents), correspondingly, the mismatch is even greater. At the lower $2,978,185 market cap (derived from today’s 2.0 cents Close), FNC stands at 30.65 percent (or $1,316,078) below the $4,294,263 present trading value of our partner company shares.

Today, more than ever, the question is, “Who’s minding the store?” The numbers prove beyond any doubt, of any sentient human being, the underlying truth behind every single complaint being voiced, in every single exchange we have here.

On October 18th (less than five months ago), I totaled up our stock holdings, so far as the trading prices at the time. As we all understand, this was only to get the fluctuating trading value. Of course, it’s not the same as depositing the money into our bank account. Besides there being time-holding requirements, there’s the difficulty of selling large blocks without lowering prices during the process.

Nonetheless, the plain fact that our entire market capitalization is 21.98 percent—or 30.65 percent—below the present trading value of our stockholdings, tells you something about how well the interests of FNC Shareholders are being addressed. As follows, are the numbers from last October compared to the numbers at the moment. I did not change (or update) the share counts (being I’m uncertain if any changes, in that regard, have taken place in the meantime).

On October 18th, the FNC Bid was 2.5 cents; the Ask was 3.0 cents, so I ran our market cap either way. Right now the FNC Bid is 2.0 cents; the Ask is 2.5 cents, so naturally, I’m now running those numbers in comparison to the earlier numbers.

18 October 2015

$2,313,850 = Champion 11,018,333 shares @ 21.0 cents
$975,000 = Lamelee 39,000,000 shares @ 2.5 cents
$525,000 = KWG 35,000,000 shares @ 1.5 cents

$280,000 = Uragold 8,000,000 shares @ 3.5 cents
$226,103 = Argex 3,478,500 shares @ 6.5 cents
$23,462 = St. Georges Platinum 1,173,076 shares @ 2.0 cents

$4,343,415 = Total Fancamp Share Holdings (not including Magpie or NSRs in the above)

$3,722,731 = Total Fancamp Market Capitalization 148,909,236 shares @ 2.5 cents
$4,467,277 = Total Fancamp Market Capitalization 148,909,236 shares @ 3.0 cents
$4,095,004 = Midpoint (2.75 cents)

Besides its partner company shares, the remainder of Fancamp includes:

1) Shares of Magpie (arguably worth more than its partner company shares),
2) Properties it owns in its own name (arguably worth more than its partner company shares),
3) Titanium purification technology (arguably worth more than its partner company shares),
4) NSRs of its partner companies (arguably worth more than its partner company shares),
5) Scheduled contract payments from its partner companies (of significant value).

7 March 2016

$2,038,392 (loss of $275,458) = Champion 11,018,333 shares @ 18.5 cents
$390,000 (loss of $585,000) = Lamelee 39,000,000 shares @ 1.0 cents
$875,000 (gain of $350,000) = KWG 35,000,000 shares @ 2.5 cents

$840,000 (gain of $560,000) = Uragold 8,000,000 shares @ 10.5 cents
$139,140 (loss of $86,963) = Argex 3,478,500 shares @ 4.0 cents
$11,731 (loss of $11,731) = St. Georges Platinum 1,173,076 shares @ 1.0 cents

$4,294,263 (loss of $49,152) = Total Fancamp Share Holdings (not including Magpie or NSRs)

$2,978,185 = Total Fancamp Market Capitalization 148,909,236 shares @ 2.0 cents
$3,722,731 = Total Fancamp Market Capitalization 148,909,236 shares @ 2.5 cents
$3,350,458 = Midpoint (2.25 cents)