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 Mar 13, 2012 10:10am

127 Views

Post# 19661775

RE: RE: KACHING $$$$

when dundee pulled out this turned into roadkill. it doesnt matter why they left because it is how it is percieved. when your main backer walks away it causes a whole pile of uncertainty and also opens the door for anyone trying to accumulate shares for a t/o. there are bought deals happening everywhere with no warrent overhangs and we are hogtied since early dec with no end in sight for what amounts to petty cash because the company didnt have the foresight to see this situation coming. when everbody and their dog is starting a pm company it only stands to reason that the assay co's cant handle it and financing is gonna be spread thinner to feed all companies concerned and as a savvy ceo this should have been evident to mgmt. this is all water under the bridge at this point but according to big al del is very shrewd and it looks like we will find out very shortly if he is right and shrewd enough to keep pem out of hostile hands. good luck y'all.

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