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 BigBallerson Aug 05, 2009 7:14pm

181 Views

Post# 16194349

RE: RE: RE: RE: News Release

Well, If no one is buying the stock now, It will really damage the company's PP because the issue price would be low. However based on what the IR guy is saying, by having the SP going up in these couple of days, issuing a higher PP would be of no concern.

This is also good for shareholders? They will need to issue less shares to get cash.

I don't mind having the float being a bit bigger since having a small float has it drawbacks (Higher chance of manipulation).

Overall, hopefully there is news by the end of the week, otherwise I might have to jump ship due to lack of liquidity on my part.

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