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Penbar Capital Ltd V.PEM


Primary Symbol: V.PEM.P

Penbar Capital Ltd. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation by completing a qualifying transaction. The activities of the Company are initially limited to the efforts to identify and evaluate the acquisition of assets and business, which would represent a qualifying transaction for regulatory purposes. The Company has not commenced commercial operations and has no significant assets.


TSXV:PEM.P - Post by User

Bullboard Posts
Post by Greenstakeon Aug 07, 2009 11:20am
119 Views
Post# 16199723

Second thoughts....

Second thoughts....Why bother getting your bippy in a knot over 'people' who keep posting 'bull excrement" just put them on ignore. Works great.
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Coffin and gang may be traders but he knows well that to hype a stock will lead unsuspecting retail investors who are gullible to part with their money and as the share price climbs they sell to these unsuspecting retail investors.... that is called manipulation and in essence is deceitful at best and yes while it may go on everyday in the markets it is none the less unethical and I could use another word but will refrain.
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Facilitating a share price crash through the intentional triggering of stop losses (ie Wednesday) by a person or persons may have legal consequences and I hope the TSX and the company will look into it.  I might add that I was led to believe the results would be better than they are by people at PEM and that the share price would likely go to "multiples" so I hold a healthy amount of skepticism for their word also.
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Because of all the hype you need to ask yourself what is the proper share price for this stock because so much was hype prior to yesterday. Today the share price has failed to rally as it has twice in the last week following two induced share price crashes. With more drilling not scheduled for a while, I suspect the share price will inevitably head back to the high teens or low twenties. It takes time to build the story and build the share price on a non hyped basis and to go forward from here will take time and patience as the story unravels. The share price got way ahead of itself and needs to pullback or else it will likely suffer another round of shock selling.

JMHO


Bullboard Posts