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 ripantuckon Sep 19, 2011 6:31pm

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Post# 19059112

RE: RE: WE NEED DRILL RESULTS, PERIOD

Good Post gilhanand1,Everyone seems to think that they are macro economic genius's on these boards telling us all about the Greek debt situation, American Monetary policy etc. etc. You hit on the problem and is is microeconomic, not macro. The labs BELATEDLY hired new people. Throughout the Western world, that has been the practice. This causes stock prices to go down, higher unemployment and lower GNP's everywhere and, of course, it is not just geological labs. It is an epidemic of stupidity brought on by a combination of Wall Street rewarding companies for shrinking in order to boost short term profits and places like Harvard Business School cheering them on. At least the 43-101 requirements discourage them from cutting corners like they do in real estate, banking and many other industries.Anyway, the labs will eventually catch up and, hopefully, results, not only with PEM, but with other juniors will come out and, hopefully the market psychology will improve along with share prices.Rip

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