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

Penbar Capital Ltd

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Post by dudediligenton Jan 14, 2010 12:02pm

344 Views

Post# 16678695

Lacks Punch

The reason being is that the news has been priced in for the last two weeks. Very obvious that insiders were buying this up like mad since the Dec 29th news release. Chart showed overbought condition even before the NR.
If you like the prospects here which cannot be denied, then wait for pullback.

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