RE: Whats happening here.."I thought this was a safe bet at 1.80, but even with promising news , the share price drops almost 10 %. What gives ?????"
-----Buying opportunity!!!!
Simply put here:
PNP has earned 1.19$/share in 2009, IT'S BEEN AUDITED # .....
Share price is 1.69 share today.
1.69$-1.19$ =0.50 $/share
My understanding is market is giving PNP's whole portfolio ( Warrent .....everything...) 0.50 /share ....
0.50$/share * 140 Million shares outstanding (approx) = 70 million equity value!!!
PNP's 400s holdings just worth 70 miliion!!!!!!!!!!!!
Any commments!!!