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 jpbbon Jan 07, 2012 11:32am

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Post# 19378666

RE: RE: Dundee sold 531,000 shares on Jan 4th

I just said to shut your yap until you had proof. You now have proof so feel free to talk all you want. I was completely wrong. No idea why they're selling but I don't think it's to get into the PP unfortunately. At least that's what I was told. I'd be interested to know if they're selling other similar stocks as the reason may just be that they aren't confident in the macro situation right now and are taking their riskier positions off the table.

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