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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 chrispars24on Jan 19, 2012 9:05pm
423 Views
Post# 19424867

PEM financing..

PEM financing..

I for one hope they do close the placement here and now.. todays trading action was all to dump shares to cycle back in at 15 cents IMO. I would make them buy back on the open market and see what happens...

 

This WILL NOT  appreciate in value until they close this stink financing which was announced originally when we were trading at 25 cents without a price  point.. an organised destruction of current shareholder value was then initiated by those who dumped on the market to push this as low as possible to reload with a kicker warrant... now they have money with what they have raised now to keep working..

 

TAKE THE FOOT OFF THE THROAT CHOKING THIS COMPANY AND CLOSE THIS PREDATORY FINANCING!...  If they need money later they could see where the price action takes it back around 25 pennies... and the demand then...

 

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