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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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Comment by naggedon Mar 28, 2013 8:05pm
197 Views
Post# 21183663

RE: RE: RE: RE: ??????????

RE: RE: RE: RE: ??????????

imho lgr is a shell with a bunch of small non descript properties (at least they dont ring any bells with me) biding their time on the v waiting for a prospect.  mgmt killed the o/s to get it ready and imho this is it. like i said sb is a very big promoter and imho he will run it and we should be along for the ride. if lgr doesnt live up to its deal then we get a free ride for a while. the elephant in the room is the lack of drill permits  precluding any work outside the patents, for lgr or osk or max as jv . flex got the right idea. nobody drops 5 mil in this market, especially sharks unless payback is very good. i notice that none here are thinking that this could stir the pot and draw out a better deal which imho it should if osk or max were serious, or maybe their bid would have been lower or a waitout?we may never know. it would be nice to know who owns the lgr shares.

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Dealroom for high-potential pre-IPO opportunities