Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Industrials Conglomerates

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 deerabbyon Apr 17, 2013 10:22pm

151 Views

Post# 21278232

Rollback

So what! If you now own 100,000 shares at .03 it is worth $ 3,000. If there is a 1 for 10 rollback, you own 10,000 shares at .30 which is $ 3,000. What's the big deal? If the price were to subsequently fall back from .30 then who is to say that it wouldn't fall back from .03 by the same %. This is not about absolute dollars and cents, it's about percentage gains or losses. It would likely all be the same. Get off this kick about rollbacks and deal with real issues!

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