Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Industrials Conglomerates

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 JJsBackon Jun 21, 2009 11:04pm

229 Views

Post# 16087880

RE: Jay Taylor Coverage - TYPO

Is this part not a typo?

"Premium was first recommended in these pages at $0.24 back in July 2008, when it had 35.8 million

shares outstanding and a market cap of $41 million. At its current price of about US$0.17, it has a market

cap of around US$5 million."

The math does not work out. $0.24 x 35.8 million is approximately 9 million, NOT $41 million. Just sayin'.

LONG PEM.

JJ

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