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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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Post by topannuityon May 11, 2011 5:49pm
349 Views
Post# 18562420

warrants

warrantsI'm long PEM so don't jump me - but- what's so great about warrants exercised at 0.30  when they can be immediately dumped at 0.58 for a quick double?

The exercise of these warrants was a no brainer and represents dilution to all shareholders who paid more than 30 cents for their shares.

Risk now is that there's a 2mm share overhang from these warrants that will depress sp unless there's news... quickly!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities