Swamped

Excerpt

“We’ll get some. It has the sweetener of the warrant, a two-year
warrant. It could mean some good profit down the road.”
They discussed the details until Yannis was satisfied. Business
over, he led Eteo to his garden and with a proud voice described this
year’s crop. He still had a lot of greens—arugula, spinach, Swiss chard,
and beets—but he was proudest of this year’s tomatoes. He grew three
varieties: Roma, Early Girl, and Beefsteak, the last of which produced
huge fruits that took a longer time to ripen. Yannis would use these
late tomatoes to dice and put in the freezer for cooking while the others
were for present use in salads. Eteo had many of the same things
in his much smaller garden. Growing his own beautiful, tasty vegetables
was a practice from his earliest years in Vancouver. He recalled
his first house in Richmond and the tiny vegetable patch there
that he still managed to get plenty of fresh produce from.
They walked around the gardens chatting about old times until
they reached Yannis’s fig trees. e fruits were finished by this time
of the year, but Eteo knew that Yannis had a very good crop of figs
every year. A little later he le for North Vancouver where he would
reach just in time for his aernoon walk at Ambleside Park.
A few minutes before he reached his house, his mobile phone
rang and Eteo pulled to the side of the road.
“Hi Eteo, it’s Spiro.”
“Spiro, what’s up?”
“Did you buy me some of the new shares?”
“Yes, I got you twelve thousand, and it ended up 40 cents for the
week. I expect it to gain a little more this coming week.”
“Should we get a few more before it moves higher?” Spiro’s voice
sounded anxious.
“No, not from the market. I’ll allot a few more to you from the
financing they do at 40 cents and we get a two-year warrant.”
“How many more do you suggest?” Spiro’s voice was calmer now.
He had always trusted Eteo and always passed the recommendations
to his brother Mike, who would follow him and purchase the same
amount of shares in each of Eteo’s recommendations.
“I’ll put aside another eight thousand so you end up with twenty.
What do you think? Can you afford that many?”

https://www.amazon.com/dp/B08WP3LMPX

Swamped

Excerpt

He switched over to the local news: a serious accident on the road
down to the Second Narrows Bridge. He had better take Lions Gate
Bridge this morning. The pileup on the approach to Second Narrows
would make it impossible for traffic to resume for at least two hours,
according to the news anchor.
The phone rang. It was Herb on the other end. After the briefest
of greetings, he brought up today’s buy order. He told him that a man
he knew, someone who seemed to have good connections in Europe
and other places, had assured him this was a good one, Platinum
Properties Inc, to play with for the next few months. Eteo listened to
Herbert Swanson attentively, but when he expressed some skepticism,
Herb said he would pass by the office around ten to talk about
it. He smiled. Herb always had a link to someone with information,
and in the Vancouver Stock Exchange in those days, with its mining
fliers and dubious promoters, information was of great value. Even
if the information was often questionable at best, decisions were
based on it, and today’s bet that Herb had placed on this new company,
Platinum Properties, wasn’t any different from many others. For
years, Herb had worked his way around each and every regulation in
order to survive the debacle called investing in V.S.E. listed companies.
In most cases, they lacked anything of substance, yet they could
fly high for a few days, even a few months, before sinking into nothingness
or simply going out of fashion. Sometimes they were still at
the reorganizing stage, a lengthy process that provided a second
chance for companies that had been unsuccessful in proving the
value of their first mining asset and raising funds on that basis. This
involved a reverse split of their shares, or consolidation, in other
words, issuing new shares to raise new capital. It was usually an opportunity
to turn their focus to a new asset, sometimes even to
change course and concentrate on a new line of business. When a
company was in that reorganizing stage, it wasn’t unusual for it to
take a good twelve months to achieve its goal, and investors who
didn’t like to wait that long rarely invested in such a company.

https://www.amazon.com/dp/B08WP3LMPX