Welcome to Danny Wettreich's official Website

GreenBank to Acquire 15% of Veterans Financial Group

Toronto, Ontario, August 14, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that GreenBank has agreed to acquire 15% of Veterans Financial Group LLC (“Veterans”), a Portsmouth, Ohio, USA based insurance agency providing insurance services to veterans, families and businesses. GreenBank will pay $57,000 for a 15% interest in Veterans, payable $25,000 in cash and $32,000 by the issuance of 32,000 $1 Non-Voting 5% Preference Shares Series C. ...

Read More

GreenBank Updates Its Merchant Banking Focus and Seeks To Make Further Small-Cap Investments

Toronto, Ontario, August 1, 2017 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF ("GreenBank or the Company") announces that it has completed an internal review of its merchant banking activities and reaffirms that its continuing focus will be the further development of its investment portfolio and its merchant banking business. GreenBank is seeking other small-cap investment opportunities, and welcomes approaches from aspiring private companies. During the last six months, and upon the completion of the proposed distribution ...

Read More

GreenBank Signs Letter of Intent to Acquire 14% of Slabdeck

Toronto, Ontario, July 27, 2017 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) ("GreenBank or the Company") announces that it has signed a Letter of Intent (“LOI”) to acquire 14% of Slabdeck Technology Inc (“Slabdeck”), a Canadian company that owns 100% of Slabdeck, a unique comprehensive all-in-one search mobile application that integrates social search, discovery and communication. Slabdeck resolves the challenge of having to use numerous apps to find items of interest. The Slabdeck mobile application is ...

Read More

GreenBank Distribution Adjustment

Toronto, Ontario, July 14, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces an adjustment to the ratio of shares comprising the distribution previously announced on July 5, 2017. As a result of the exercise of incentive stock options by directors previously announced on July 7, 2017, the number of issued and outstanding shares of the Company have increased. Accordingly, for every one GreenBank common share on the Record Date ...

Read More

GreenBank Directors Exercise Options

Toronto, Ontario, July 7, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that effective July 6, 2017 a total of 300,000 incentive stock options were exercised by two directors of the Company for total proceeds of $56,000. There are now 24,665,793 common shares of the Company issued and outstanding. Separately, the Company announces that Ryan Hunter has resigned as a director of the Company with effect from July 6, 2017. The ...

Read More

hello
Dec
20

Letter From The Chairman of the Board

1996  Author:   

In the 1990’s Danny Wettreich was Chairman of Camelot Corporation a public company listed on NASDAQ developing leading edge Voice over the Internet technology. This is an excerpt from a Letter to Shareholders included in the Annual Report of Camelot in 1996.

Danny Wettreich - Camelot CorporationI am pleased to report to shareholders on another exciting year in the development of your Company. The number of our shareholders has increased from approximately 3,000 to approximately 13,000, as investors recognize our potential. Your company is now focused on software development, software retail and distribution, and internet services. During the financial year, we have attracted institutional investors who participated in several rounds of equity financing, raising a total of $22,330,214 for the Company, and I extend a warm welcome to all our new investors.

In addition to the financial statements for the year ended April 30, 1996, this Annual Report includes the financial statements for the quarter ending July 31, 1996, so that shareholders are provided with the most up-to-date information. The company made substantial progress during the year ending April 30, 1996 with revenue of $3,002,049 comparing to $1, 184,469 in 1995. Net loss for the period was $4,565,713 compared with the loss for the previous year of $3,518,904. However, for the three months ended July 31, 1996, net income was $2,744,006 on revenue of $8,355,826.

I am pleased to advise shareholders that stockholders’ equity at July 31, 1996 was $18,399,264 compared with stockholders’ equity of ($87,049) at April 30, 1995. Cash and securities of $14,423,317 at July 31, 1996 compares with $253,493 at April 30, 1995.

Leave a Reply

Categories
  • About Danny