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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

Bullboard Posts
Post by Cussyon Mar 28, 2013 9:43pm
317 Views
Post# 21184017

I'm still aboard...

I'm still aboard...

Very tuff pill to swallow, but I don't see much other choice at the moment... Flex, I am starting to believe you hit the nail on the head with this... I think that their was a chance that PEM had to develop this in a more "efficient" way, but for "whatever" reason, that did not transpire... The positive side of this is that I think we have a solid shot at seeing our investment pay off, just not to the potential that we once thought... Still a great project of incredible proportions, and we are still very much in it. 

 

I would imagine that Barti will dilute our partner one way or another, weather that means financing it through "his people" or swalling PEM up through you know who, where by we end of with a share position in Logan and likely a diluted Logan and a 10 for 1 sort of rip... ALL SPECULATION FROM ME, but, at least we are still alive... Unfortunately there is little we can do about it... 51% interest means we are all just spectators if it goes through that way, and, as Flex has suggested, we may have been "just spectators" all along and didn't know it... But again, we still have a seat on the train, but its not a first class seat anymore. 

 

Cussy, the Windsurfer:)

Bullboard Posts