Post by
pnfker on Feb 22, 2011 12:39pm
why PKP trading like a bankcrupt company
I am new to PKP. not very sure about it's story but i did check it's most recent financial statement. it has around 5.4m cash and 2m liability. at current burning rate they don't need to raise any money for next 12months. but my question is why it's trading at 2.5 cents. looks like a bankcrupt stock. why? any particular reason? thanks.
Comment by
manstar1981 on Feb 22, 2011 5:05pm
*unsuccessful drilling result*lack of NR regarding to the company activities* too many outstanding share in the mktbut i do believe pkp will be back to .10 level easily once there is positive NR GLTA
Comment by
pnfker on Feb 22, 2011 6:10pm
thanks. i will call them.RBC is obviously manipulate this one. interesting.
Comment by
bulhanine on Mar 06, 2011 5:05am
*Korean partners have not approved any more drilling*Licenses have expired or been relinquished*Rig sale bogged down in litigation*High burn rate