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Net Asset Value Per Share as at October 31, 2015: $0.13 (unaudited)

This website contains references to “net asset value per share” (basic and diluted) (“NAV”) which is a non-GAAP measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date.  NAV (diluted) is calculated as total assets less total liabilities divided by the total number of common shares of the Company outstanding as at a specific date, calculated based upon the assumption that all outstanding securities of the Company that are convertible into or exercisable for common shares have been converted or exercised.  The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies.  There is no comparable GAAP measure presented in Pinetree’s consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company has calculated NAV consistently for many years and believes that the measure provides information useful to its shareholders in understanding our performance, and may assist in the evaluation of the Company’s business relative to that of its peers.
Jan 5, 2016
Pinetree Capital Ltd. (TSX: “PNP”) announces that it has changed its aud...
Jan 4, 2016
– Pinetree Capital Ltd. (TSX: “PNP”; “PNP.DB”) announces that it will is...
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Pinetree Capital Ltd. (TSX: “PNP”; “PNP.DB”) announces that it is once a...

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