present market value of holdingsDoes anybody have an idea of the net present market value of the shares held ,less the debt. This should give a fairly accurate value of the company PNP.I believe if Pinetree had alot of equity left,they would come out and declare thse values.Margin could have wiped out most of the equity of PNP.Nobody really knows....4.00 could still be expensive for this stock.
I read on the Geologix board that Pinetree sold most of their 4 million shares,all the way down to a dollar.It would seem that Pinetree management to be pretty desperate in order to have to do that,plus all the other selling.
I would think it prudent to be careful with this stock,don,t bet the farm.
Take a look at Longview Capital LV or Augen AUG,similar type of company,these companies didn,t use margin and their share price is as bad as Pinetree's,so I would expect we havn,t seen the worst.