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 naggedon Dec 19, 2011 8:44pm

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Post# 19336500

RE: RE: share price

there are a bunch of reasons why pem is falling and will keep falling imho. the markets are about to get hammered and risk is being avoided like the plague, tax selling my ask. when pem stopped infill drilling mr market slowly but surely put pem in its place where it belonged. i will be surprised that we dont do another financing by august and if we can hold over 30 cents within the next 12 -14 monthes. times are about to get very ugly according to maunde,katusa and a few other very smart people so explorers will be pounded hard. del didnt do what dundee wanted and as a result pem got a smack in the gut and now we wait to see if another smack is coming. prove it up and they will come, i say.

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