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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Comment by wood6411on Jun 28, 2011 1:49pm

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Post# 18774936

RE: Value of PEM vs the current share price

With all do respect OldManWinter, I hear what you are saying but I don't think it is a matter of people not wanting to buy at these discount prices. At least the so called retailers anyway. I bet there are lots who would love to buy at this price but can't.

Most have been buying all the way up, and are probably tapped out of funds, and can only wish they had extra funds on hand. You have to remember this has been pumped and pumped the last couple of years, so some of those that wanted in are probably in and holding, and are in the house of pain.

This has been a good trading stock, but painful to buy and hold. So far anyway. Bit of a roller coaster ride you might say. I feel for those who bought in on the last runnup, or the one before it.

Perhaps the institutions have the extra cash on hand to dive in at these prices but it sure don't look like they think it is a bargain either or else the volume would be way up.

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