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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 prospector7on Jun 12, 2010 9:39am
503 Views
Post# 17183035

Re If I sat on the board

Re If I sat on the boardPosted this awhile back. For a junior like PEM it makes all the sense in the world to spin Chrome Mountain off. If you read between the lines that is what they are doing and have been doing for 2 years putting all their eggs in the golden bucket called PEM.
There is many ways they can do this, think about it Wilf became pres of PEM because the strike zone has his name on it. What does this do? Frees Del up to work on Chrome Mountain. When things like this happen PEM can write the deal because CM is no slouch folks. When it happens PEM will keep it's foot in the door somehow and there is many ways of doing this. Ether way it should be good for the Pemsters.
Bullboard Posts