Shady brokers and insiders, this stock is going hi Here are emails I received May 10th, 3 days prior to Penfold trading after 11/2 years of being halted. My antenna's immediately shot straight up! To me these emails spoke volumes to the fact that this stock was going higher. I have never read 2 more negative emails from a broker informing his clients to the fact that a stock that many have sat on for over 2 yrs, will be trading. And O ya, out of the goodness of their hearts, the insiders maybe will buy all interested seller shares at .05 cents. Then on top of that the power point put out by the company, looked like some school aged kids put it together. As I was sprinting to the exit and about to throw my share certificates in the air I noticed something, what's this, a pilot project with Walmart? Pilot project with Canadian tire? Pilot project with wait, did you say Panasonic? The out right greed of some people! These guys come to market looking for money to move forward with their idea. Shareholders put up cash hoping for the best, being fed visions of financial gain. Shareholders sit on this halted company for well over a year and half. Instead of the company rewarding the patient shareholders, the ones essential to this program getting started, they try to manipulate shares back into their hands. For example the shake down box that is in play at this point. Don't be fooled, this company has huge growth potential, this has become big business ( example recycled material value for an i-phone is $135, with each phone having $37 worth gold in each. Don't get fooled as this sp is going much higher!
Email #1
Penfold Capital was a Capital Pool that you bought in January 2011 for 10 cents a share. They have finally completed their qualifying transaction and will be coming back to trade on Monday, still under the name Penfold and with the same symbol, PLD.P on the TSXV.
Penfold is now in the electronics recycling business having acquired SLM Logistics, I have attached their presentation.
I have found out that Vic Alboini, former CEO of Northern Securities whose participation in Penfold was my key reason for getting involved, has gotten out of the deal by selling his share in a private transaction.
Given the depressed levels in the TSXV market and the overall negative sentiment, I don’t think there will be much market support for Penfold when it comes back to trade. Also, because of the extended period that the shares have been halted, I expect there will be more sellers than buyers when the stock opens Monday morning
Email #2 (sent shortly after email #1)
From: kduggan@leedefinancial.com
Subject: Penfold Capital to Trade Monday
Date: Fri, 10 May 2013 18:52:58 +0000
To:
The company is expecting that there will be a lot of sellers on Monday morning. I think they may be willing to support the stock at 5 cents which is pathetic- almost makes it worth holding on to for another year.
Where it goes from there is hard to say, the stock will need some kind of catalyst to create interest in the market- earnings or big name clients signing on. It’s easy to be skeptical.