Stock price when the opinion was issued
They are investing in companies and getting a top line royalty. This company is fairly new and is a very small cap. They don’t have a dividend, but this is one way to participate in the upside, but also in an income stream. Pays an 8% coupon. The bond is trading just around par right now. It is convertible into Grenville stock at $0.92.
(A Top Pick Sept 24/14. Up 1.14%.) Liked the business plan, but was worried that there might be a little volatility, so he wanted to get paid while they grew into their business. A nice cash flowing business. Stock price has been fairly volatile.