Awisse Telecommunications Ltd. has several investments in debt and equity securities of other companies.

1. 15% of the common shares of Lewis Telecommunications Inc., with the intent of purchasing at least 10% more of the common shares and requesting a seat on Lewis's board of directors.

2. 100% of the 15-year bonds issued by Li Internet Ltd., intended to be held for 15 years to earn interest.

3. 95% of the common shares of Barlow Internet Services Inc.

4. 120-day treasury bill.

5. 10% of the common shares of Talk to Us Ltd., to be sold if the share price increases.

Instructions

Indicate whether each of the above investments is a non-strategic or strategic investment and explain why.