Vancouver Stock Exchange

I mean, this is like a really bad stock tout.

And Murray Pezzum, I don't know if anybody remembers here, Murray Pezzum, when he was used to tout the Vancouver Stock Exchange, the penny stocks.

This looks like a stock tout.

Like Evan Solomon does a podcast with these two people pumping this stock as Canadians pour $1.6 billion into it.

That's kind of the first part of microcap investing.

When we were out on the West Coast, Glenn, you had talked about the old Vancouver Stock Exchange, which I hadn't heard of, but the reason people think of microcaps as risky as many of them are, you know, the companies that listed there I think were often very speculative.

Maybe they listed in Canada and were based in the Caymans and had mining operations in Chile and didn't have any revenues, but if their gold deposits prove that they could get them out of the ground, it would be a 10x.

The problem is most of those companies go to zero, and that's not the type of companies I invest in.

And he also promoted some penny stocks, including a silver mine in the extreme northwest of British Columbia and an oil well in Alberta.

But they were on the Vancouver Stock Exchange, noted for its penny stocks.

It was a gamble.

And his silver mine, although they found silver, it wasn't in sufficient quantity to make it profitable to mine it.