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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Post by tickertomon Aug 09, 2013 9:12am

154 Views

Post# 21658865

are there any options for us?

If this stock drops to 0,then 1:20 consolidation still will be 0.They have to support the price and all of us might be able to get out(with huge losses) before they burry us alive.That is my unfortunate strategy for now.
We also can vote against the consolidation,but what is going to happen?With no money in a till,they will walk away and we lose anyway.

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