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 rallydriveron Aug 15, 2013 8:40pm

170 Views

Post# 21674836

RE:RE:RE:Oiltar and Big Al

https://www.kereport.com/2013/08/13/john-kaiser-discusses-gold-junior-companies/
sorry, guess it was the 13th, below is a section copied from the link above, there is more about debentures, if you check the link.

On August 13, 2013 at 1:26 pm,
Tonysays:
I would like to get an update from AL on his Jr holdings portfolio.
which ones he thinks will survive – OOO, FCO and PEM

As well something from RPM on when they will release some Garden Gate Pass drill results

On August 13, 2013 at 2:10 pm,
Big Alsays:

Regarding Otis, I think that it will come back and I feel the same on Formation Metals. These are among my worst performing.

PEM is absolutely abysmal and I lost $42K (if you include the debenture) which I will probably never see again.

I am not throwing stones on any of the management. I simply think that the team should have gotten a bit more help before it was too late.

I understand, unofficially, that a 20:1 rollback is being discussed. Any idea how far the stock would have to come back for current investors to be at a break even point?

Big Al

P.S. What I said above is not to be construed as investment advice as I am not an investment adviser. It is only my opinion.