RE: Why is PNP trading below NAV?Well for my part I think that actually, the stock is not reflecting the fundementals. The share price was 0,40$ ago and it is now 2.00, so 5 times more than last year. Maybe a lot of people is not watching this stock for that reason - they think that they missed the train. However, Its book value is going to increase (and so the share price) because PNP bought a lot of cheap shares/warrants this year. And we should not forget the fact that the CEO has been buying a lot of shares since 3 months.
I am very confident that I will be making a lot of money with my 7,000 shares (bought 2,000 shares yesturday).