Tuesday, 27 January 2015

Pinetree falls to Creditors - Sheldon Inwentash out

Symbolic of the rise and fall of the canadian juniors; today news that Sheldon Inwentash has left Pinetree having failed to maintain covenants on large debentures.
Pinetree's big peak was in the uranium bubble but rose into 2011 invested across many mining stocks.
Inwentash ensured a last hurrah in 2011 taking pay of 10% of fund growth.
Pinetree Capital, an investment fund with a portfolio worth $794 million, paid its CEO Sheldon Inwentash $34.6 million in 2010.
Market Cap today C$ 17m

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