The "Q" stocks

Qtrade is a financial service that you can use online.It's accounting arm is quite average but it has a part of the service that offers new information items on all the stocks it carries.This is quite good(if the information is accurate).Qtrade has information on a number of stocks that have been close to bankruptcy.I call them the "Q" stocks.Connacher Oil and Gas was trading for awhile at $.04 per share.But Connacher had assets of$1.34 billion and equity of $342 million. This is far from bankruptcy.Another one that is similar is Great Basin Gold ;it has assets of $850 million and equity of $471 million.Yet it trades at about a penny per share.It however is just coming out of creditor protection.Still on an asset basis it should probably be about $.20.It is hard to tell how many shares it has now.Another one that is similar is Cline Mines;it has assets of $289 and equity of $237 million;it just recently got a financing package and trades at about a penny a share.Cline largely depends on the price of coal to move ahead but on an asset valuation alone it should be worth about $.10 a share.The last of the "Q" stocks is Cinram.It has assets of $452 million but shareholder equity of minus $75 million.This is a different situation completely from the other three.The real bargain here is Connacher Oil but Great Basin Gold and Cline Mines should be treated a bit better by investors.