STOCKCHASE

3.300

Fans of this company are still waiting for the announcement of a contract with FedEx to come out. He is pleased with the company.

2008-04-02

STRONG BUY

Enablence Technologies Inc.

3.900

Krill oil that has a number of therapeutic benefits. Just signed an agreement for global distribution of an omega 3 product. Just got a patent on their pharmaceutical product for boosting of HDL levels.

2008-04-02

Comment

ENA-X

1.650

Have a product that would take fibre to the home. Has a high regard for the management team for what they have achieved and where they are going. It was always 2 steps ahead of where he could get his head around valuation. Leading edge technology. A “waiting on blue skies” story.

2008-04-02

Comment

Jump TV Inc.

JTV-T

0.560

TV over the Internet. Had to change their revenue model, which was a big disappointment to investors. He will be meeting with them to try to reassess what is going on. Management has a great concept if they can execute on it.

2008-04-02

BUY

0.370

Have equipment to allow 2-way radio for mining and are just waiting for approval from the mining regulatory body.

2008-04-02

TOP PICK

VendTek Systems Inc.

VSI-X

0.980

Software developer. Prepaid distribution networks in Canada and have just expanded into the US. Revenue generation should start in the US now. Should generate $.08 in earnings over the next 12 months followed by possibly $.15.

2008-04-02

TOP PICK

Gastem Inc

GMR-X

2.500

Natural gas. Their prospects have been transformed by the announcement from Forest Oil (FST-N) of a discovery in the St. Lawrence.

2008-04-02

BUY

Fortress Paper

FTP-T

8.750

One of the few IPO’s in the last 6 months that is at its issue price. It has 2 businesses, wallpaper and the euro. They are growing nicely with a couple of blue-sky scenarios in passports that they may be able to work on over the next couple of years.

2008-04-02

DON'T BUY

Ballard Power Systems

BLD-T

4.200

Historically they’ve been in the hydrogen fuel cell area. Consider it a long, failed science experiment. Not looking at it.

2008-03-31

VAGUE

Aurelian Resources Inc

ARU-T (Dead)

9.030

One of the best deposits in the world. In Ecuador and has political issues. Apparently the government and agencies are moving in the right direction. Potentially undervalued. Large risk.

2008-03-31

BUY

46.440

Buyers at the $40 level. The energy stock with the biggest upside over the next 5-10 years. Really like it, expect it to be a core position in the next few years.

2008-03-31

WEAK BUY

Canadian Royalties Inc

CZZ-T

1.920

Uranium has long-term drivers. Has been weak lately. One of the very few Uranium stocks we own. They have a massive resource in Sweden, they have the government on their side.

2008-03-31

PAST TOP PICK

3.330

(Top pick, March 26 2007. Down 52%) Have been buying lately. Been building a beautiful base between $2-4 dollars. Believe they’re the emerging leader in global telematics.

2008-03-31

TOP PICK

3.330

Fedex has been a big overhang on this one, it’s a catalyst. If they win Fedex it will be a dam breaker.

2008-03-31

TOP PICK

Absolute Software Corp.

ABT-T

14.730

Their technology is used in laptop security applications, and laptop recovery. They have a very high recovery rate. An expensive stock on evaluation basis but the margins are huge.

2008-03-31

TOP PICK

Absolute Software Corp.

ABT-T

14.290

Their technology is used in laptop security applications, and laptop recovery. They have a very high recovery rate. An expensive stock on evaluation basis but the margins are huge.

2008-03-31

PAST TOP PICK

3.480

(Top pick, March 26 2007. Down 45%) The companies fundamentals have done nothing but improve over last 12 months.

2008-03-31

TOP PICK

3.480

The fundamentals have improved dramatically as the stock has fallen. The product will be likely implemented within 5 years.

2008-03-31

WEAK BUY

QuStream Corporation

QVC-X (Dead)

1.110

We own more than 10% of this company. Has been a disappointment, because of a very illiquid small cap market. They’re hoping to have some initiatives around the Olympics. They have a competitive advantage. We’re willing to be patient.

2008-03-31

PAST TOP PICK

Sonomax Technologies Inc.

3.150

(Top pick, March 26 2007. Up 42%) This will be a core holding for years. Will be largest gold position for the next 5 years. It’s so cheap it should see good appreciation in the next 12 months.

2008-03-31

VAGUE

SHH-X

0.220

They offer hearing protection, some believe their system is significantly different. Interested in it at this price.

2008-03-31

BUY

0.370

They have a system for underground communication in mines. Already being adopted into the massive market. The only company with a system that works. On the verge of become a core position in portfolio. The technology may be mandatory in all mines, which will result in a big move.

2008-03-31

BUY

0.850

They produce blue boxes for airplanes, which act as communication nodes. Only company out there that does it. They have a number of upcoming catalysts. We own more than 10% of this company. Have liked it for a long time.

2008-03-31

WATCH

ProSep Inc.

PRP-T

0.300

The oil and gas industry produces a lot of wastewater and this company cleans it up while extracting hydrocarbons. Technology we’re very interested in, may be a while before it’s adopted.

2008-03-31

WAIT

Raymor Industries

RAR-X

0.395

They’re in Nanotech. It’s too early for Nanotech. Interested in it. Has a bit of a base. Will be looking at it as a priority in the near future.

2008-03-31

BUY

Points International Ltd.

1.500

It became a victim of the credit crunch. Had great catalysts recently, they’re announced they have regulatory permission to go into production offshore of California. Will be the turning point for the stock. Target of over $6.

2008-03-31

BUY

PTS-T

2.640

Pioneering their sector in which they allow people to exchange points (air miles). The service will grow. Bought it on the pullback in January. Like it a lot.

2008-03-31

WEAK BUY

Microbix Biosystems

MBX-T

0.900

Doing a number of things in the animal area. Interested in it. There should be some dramatic catalysts this year.

2008-03-31

WATCH

Stem Cell Therapeutics

SSS-X

0.240

Fascinated by the technology, they’re taking 2 off patent drugs and combining them to use in therapy for stroke victims. Has a lot of potential. Still has some huge upside.

2008-03-31

WAIT

Ondine Biopharma

OBP-T (Dead)

0.990

Believe it’s a dental technology. Will be looking at it in the near future.

2008-03-31

BUY on WEAKNESS

54.630

Very volatile. He will trim a little bit when it gets up in the $55 and higher range and buys on weakness.

2008-03-04

TOP PICK

3.370

Has been waiting a while for a couple of key developments. Over the next 3 months there will be developments. This is the emerging leader in fleet telematics.

2008-03-04

TOP PICK

Enablence Technologies Inc.

3.330

Has had a bad 12 months even as the fundamentals have built strongly in the right direction. He looks at the stock as having the biggest upside in his portfolio in the next 2 to 3 years.

2008-03-04

Comment

ENA-X

2.900

Fibre to the home with a chip-based solution, which is far more cost effective than any of the competitors. Likes the company, but it was always a valuation issue with him. You really had to look out 4 or 5 years.

2008-03-04

TOP PICK

3.680

World-class management. In the continental US. Have a large reserve of almost 4 million ounces. Undervalued.

2008-03-04

Comment

Route 1 Inc.

ROI-X

0.075

Has a product that allows you to mirror what is on your server at work, but in a very secure way. This is a company that he is almost looking for an excuse to buy. Has a deal with Novatel (NVTL-Q) that is extremely interesting and could give them a very powerful distribution platform.

2008-03-04

BUY

0.380

Basically a communication system for mines. There is legislation in the US that is pushing out the adoption of this technology. Getting a connection with China as well. Buys this one on weakness. Some analysts are showing $.10 of earnings within 2 years.

2008-03-04

STRONG BUY

Gastem Inc

GMR-X

0.730

Forest Oil (FST-N) is exercising their $10 million option to proceed in the Quebec low lands. Very well diversified with 1 million net acres, which is a potentially emerging natural resource base and are building up properties in West Virginia that are producing. Just announced some New York assets.

2008-03-04

BUY on WEAKNESS

1.050

A black box for airplanes that communicates information to the ground. The contract revenue stream gives them visibility to a discounted cash flow stream that is almost unparalleled. Their business model is getting traction with their clients. A small patent litigation is going on.

2008-03-04

Comment

VooDoo Vox Inc

VVX-T

0.500

Likes this one and it is on his Watch List of "Sustainable Advantage Potential". You have to believe in the discounted cash flow, because if you look backwards there is almost nothing. Heard they were having some problems with some customers who apparently were not getting the revenue business that they were hoping for, (unconfirmed and may account for the price weakness.

2008-03-04

Comment

SilverBirch

SVB-X

0.440

Primarily investing in management.

2008-03-04

BUY

45.320

In the low and below $40 it is a very good Buy. Have a key position in Petrominerales (PMG-T) in Colombia and every $1 is a $1 in this stock. Also has a Bakkens play in southern Saskatchewan. There is also the IP play on their Thai technology.

2008-01-23

BUY

2.680

Electronic vehicle tracking. Believe they have just won a contract with FedEx and should know in the next week or two. This would be a huge endorsement.

2008-01-23

BUY

3.250

Assets in California and they are going into production now. If gold is at $750, this should be a $5 to $7 stock.

2008-01-23

BUY

Horizon North Logistics

HNL-T

2.970

Services company for oil/gas drillers. He looks on this is a great call option on the Mackenzie pipeline going forward.

2008-01-23

BUY

0.400

Has been picking away at this one looking for more catalysts. Very volatile. If you have any thing like a 6 to 12 time frame there are great opportunities presenting themselves.

2008-01-23

TOP PICK

VendTek Systems Inc.

VSI-X

0.820

Have software and systems that enable prepaid goods and services to be sold over networks. Perfect small cap for this environment because it is so cheap and growing so rapidly. Should do $120 million to $150 million revenue this year on a $38 billion market cap. Expanding into the US.

2008-01-23

TOP PICK

0.900

Have a blue box that serves as a node for communications for instruments within the airplane and communicating it to the ground. Have a good business partner. They now have 685 contracted aircraft at $2000 per month per aircraft.

2008-01-23

BUY

1.480

Still a favourite stock with his company. There was some frustration as they were unable to get a refinancing of some debt but is being financed by warrants from existing holders. The shut-in production should be coming on and will be at 30,000 barrels a day in 2 years. Assets in Alaska, California offshore and Rocky Mountain. At this point, all you are paying for are the California offshore assets.

2008-01-23

Comment

DEQ Systems Corp.

DEQ-X

0.950

A gambling stock, which his company does not invest in. A lot of money to be made in that area.

2008-01-23

DON'T BUY

Breakwater Resources

BWR-T (Dead)

1.750

Meltdown in base metals and tax loss selling has hit the stock hard. Zinc has probably been the hardest hit of the base metals. There is probably some room for a bounce here. He is not a huge fan of the metals right now because of a possible slowdown.

2007-12-27

Comment

Intrinsyc Software Inc

ICS-T

0.880

Stripped down operating system for Smart Phones. New CEO and VP of sales and refocused. He has a bit of difficulty with the valuation but they seem to be moving through that proof of concept stage. He is monitoring it.

2007-12-27

BUY

SXC Health Solutions Corp.

57.400

Have a patented process for improving recovery in heavy oil reservoirs. Will be extremely valuable if they can license it to some of the global large companies.

2007-12-27

PAST TOP PICK

SXC-T

14.510

(A Top Past Pick Dec14/06. Down 35.1%.) Still likes and is still buying.

2007-12-27

BUY

Allen-Vanguard Corp.

VRS-T

5.390

(Market Call Minute.)

2007-12-27

TOP PICK

2.820

Telematics provider for truck/car fleet tracking. The FedEx deal has been hanging over their heads for a while but will be a huge catalyst in the next month or two.

2007-12-27

TOP PICK

4.200

(A Top Past Pick Dec14/06. Down 14.4%.) Company fundamentals are still good. Adding the 3 parts of the business you can get anywhere from $12 to $40 plus. GSK acquisition of Reliant is a huge validation that big Pharma would be willing to pay big $’s for a pharmaceuticalized version of NKO.

2007-12-27

TOP PICK

Cell-Lock Location Technologies Inc.

3.700

(A Top Past Pick Dec14/06. Up 54.3%.) Gold. Going into production in January. Producers have got a multiple of 1 to 1.5X NAV. Pre-production tends to get a multiple of .5 X NAV. Potential NAV of $6.

2007-12-27

Comment

Route 1 Inc.

ROI-X

0.130

Product allows access to central databases directly off the server without interfacing with normal hardware RAM. Likes what they are doing. Recent deal with Novotel gives them some distribution. Has a hard time getting a sense of how fast the product can get adopted. Enormous amount of shares outstanding. Monitoring this one closely.

2007-12-27

Comment

Resverlogix Corp.

RVX-T

15.420

Have some compounds that are expected to boost HDL levels significantly. He usually has trouble with pure biotechs, which this one is. They consume vast amounts of cash. Prefers Neptune (NTB-X).

2007-12-27

Comment

XCT-X (Dead)

0.165

Strong insider participation. Very promising technology. Good business model, but just need to get more traction on it. A critical point for them will be when they go cash flow positive.

2007-12-27

BUY

0.540

Provide wireless systems for mines. Virginia has passed legislation requiring systems. Great future ahead of them.

2007-12-27

HOLD

Evertz Technologies Ltd.

ET-T

29.510

(Market Call Minute.) Recent miss on their earnings, so he would have to dig in before he knew anything of substance on this.

2007-12-27

Comment

Timminco Ltd.

TIM-T (De-Liste

21.910

Manufactures solar grade silicon. Thinks of it as more for trading.

2007-12-27

BUY

Points International Ltd.

1.120

Recurring revenue stream from flight recorder equipment. A lot of good things in the pipeline for them for the first half of 08.

2007-12-27

Comment

PTS-T

3.720

Online exchange for award points. It always remains ahead on a valuation basis where he can get his head around it.

2007-12-27

Comment

LMS Medical Systems Inc.

LMZ-T

0.570

Likes the company. Equipment systems and software for fetal/mother monitoring during birth. Doesn't think they are cash flow positive yet. Good price.

2007-12-27

Comment

Healthscreen Solutions Inc.

MDU-X

0.335

He will be meeting with the company shortly. Program helps doctors increase their revenue collections for services outside of OHIP. They have a number of promising aspects.

2007-12-27

BUY

Wavefront Energy & Environment Services

WEE-X

1.010

(Market Call Minute.) Just help them with their financing. Likes it. Good potential.

2007-12-27

DON'T BUY

Sierra Wireless

SW-T

16.050

Great company. This is one that he trades. Currently does not have the competitive advantage.

2007-11-23

Comment

SXC Health Solutions Corp.

SXC-T

12.160

Fundamental problems drove the stock down. Has a good business model in pharmacy benefit management, which they can do for $2 per prescription that others need $5 for. Should give them a lot of traction. Missed Q2 earnings estimates and guided down for the year. Also made a mistake causing the state of Georgia to disallow them. They hope to get this back on track.

2007-11-23

TOP PICK

2.770

An emerging global leader in Telematics, a truck/car fleet tracking system. Market has lost patience waiting for some of the big deals, but he thinks they are getting very close. Good price. Buy on weakness and hold it for years.

2007-11-23

Comment

March Networks Corp

MN-T

10.770

Wasn't aware that they have $6 in cash and are winning back Wal-Mart business. If you were buying this, it would be as a trade rather than a core, long-term hold. Will be looking at this.

2007-11-23

TOP PICK

4.050

Patented product from krill oil boosts HDL significantly as well as helping LDL. Pulled back with the market as well as impatience on the pharma side. Dr. Nissen of the Cleveland clinics has joined on with their advisory board.

2007-11-23

BUY

Sonomax Technologies Inc.

3.510

Very highly levered to gold. Had a nice move up, but there is still a discount to NAV to make up. Going into production in January.

2007-11-23

Comment

Kodiak Oil & Gas

KOG-N

2.440

Down with the price of natural gas plus they had a well that wasn't as good as expected. The break from $3 to $2 was caused by negative comments by Questar on their quarterly conference call. Still likes their prospects assuming gas prices improve in the Rockies.

2007-11-23

WEAK BUY

SHH-X

0.380

A lot of shares outstanding and markets have been really bad. Tough combination for stocks to make any headway. Just got a partnership with Virgin stores. Warming up to this one.

2007-11-23

Comment

Timminco Ltd.

TIM-T (De-Liste

12.620

Solar play. The warning right now is that in 2 or 3 weeks it is either going to be a $15 to $20 stock or a $5 to $10 stock. Traditionally have been producing chemical grade silicon at 3.9 purity and are trying to produce solar grade silicon at 6.9. If they run into hiccups, the stock could go down.

2007-11-23

BUY

Covalon Technologies

COV-X

3.490

A fantastic success story. Have technology in the wound dressing area. There are also rumours of a big deal coming their way. Fantastic management.

2007-11-23

TOP PICK

SXC Health Solutions Corp.

2.000

A relatively unknown oil producer doing 9000 barrel per day. Have 3 assets, Alaska, offshore California and deep gas in Wyoming. Any one of the 3 could be worth more than what the stock is trading at now.

2007-11-23

Comment

ATS Automation

ATA-T

6.940

There has been a coup at the board level, which is the reason for the jump to $7. He would like to look at this one because of the changes.

2007-09-28

BUY

Breakwater Resources

BWR-T (Dead)

3.020

Fundamentals for zinc look fantastic. Looks like a good takeout candidate.

2007-09-28

BUY

QGX Ltd.

QGX-T

3.240

A coal company in China, which has a huge appetite. Fundamentals look good.

2007-09-28

BUY

SXC-T

15.820

Very visible cash flow and high margins. Gaining increased market share in the pharmacy management industry. Missed their numbers for the June quarter and lowered their guidance. Value managers are now buying. Revenues and expenses are in the US so a stronger Cdn$ does not affect them.

2007-09-28

Comment

Hanfeng Evergreen

HF-T

14.760

Transformed itself with a deal with Agrium (AGU-T). Very close to becoming a fully integrated producer of fertilizers in China. Technically, it is testing a double top, which could be a short-term risk, but in the long-term it could be okay.

2007-09-28

TOP PICK

A Comment -- General Comments From an Expert

3.400

(A Past Top Jan 245/07. Down 44%.) Ran into problems with a Brazilian contract. The emerging global leader in fleet telematic. 1/3 of sales in the US. Have taken advantage of the rising Cdn$ and are well positioned.

2007-09-28

Comment

A Commentary

0.020

Gold - October is typically a weak month for gold, but not sure it will be this time. $800 is an easy objective in the next 3 to 6 months. He couldn't rule out $1000.

2007-09-28

BUY

Uranium Participation Corp.

U-T

11.430

Had a big pullback after uranium had gotten a little frothy. Feels the basic fundamentals for uranium are intact. He used this more as a trading vehicle. Demand for uranium should get stronger 2 years out and further.

2007-09-28

BUY

Azure Dynamics Corp.

AZD-T

0.440

Modifying engines for the short “Stop-Go” vehicles like the post office, FedEx etc. Very good fuel conservation. Likes what they are doing and where they are going. They are looking to raise money and he will be participating.

2007-09-28

TOP PICK

5.050

(A Past Top Jan 245/07. Up 11.3 %.) Krill oil. Extraordinarily volatile. Pronova, which distributes prescription fish oil products, is going public in Europe with this. A fantastic validation of what this company is doing. Still a Buy.

2007-09-28

Comment

Chariot Resources Ltd.

CHD-T (Dead)

1.150

Doesn't know a lot about this one, but 2 people he respects a lot on base metals are pounding the table on this one as a takeout candidate.

2007-09-28

TOP PICK

Longview Capital Partners Inc.

3.420

Operations in the US, so costs and revenues are in US$’s. Stronger Cdn$ does not affect them. World-class reserve at almost 4 million ounces. Going into production in January.

2007-09-28

BUY

LV-T

0.700

An aggregator of interesting mining stocks. There is an NAV play here.

2007-09-28

PAST TOP PICK

Kodiak Oil & Gas

KOG-N

3.300

(A Past Top Jan 245/07. Down 22 %.) Exposed to the gas market. 2nd largest landholders in the Vermillion basin. Probably needs another $1 on the gas price before the Rocky Mountain gas price becomes interesting to this company.

2007-09-28

Comment

Energold Drilling Corp.

EGD-X

3.520

Looks like they have the highest margin-drilling set-up. Margins are so shockingly high relative to the other drillers that he has to look into this. If they are as good as he is told, he will be considering this.

2007-09-28

BUY

0.330

Wireless communication network. 77 Virginian mines have submitted proposals for monitoring mines. 45 have indicated this company.

2007-09-28

BUY

VendTek Systems Inc.

VSI-X

0.820

Expects to see some movement in the stock in the next week or two because of a road show they did in the US. Also expanding into the international space. Could do $0.09 to $.15 in earnings over the next 12 months.

2007-09-28

BUY