Back in action....after waiting a few years to have a decent re-entry point.. If the FED doesn't taper or re-assure markets tomorrow, we could see a nice rally in gold & commodities starting tomorrow afternoon.. then M. January knocking at our door... The risk/reward makes sense to me right now at 0.27 a share... I am not saying that I will treat that as a long term investment but in the short term a bounce may be coming.. Of course things could get ugly if Pinetree doesn't respect the debt convenant.. but if this happen then possibly would be an investor with an significant interest in Pinetree willing to step in and lend pinetree some money at a higher rate to keep it alive which would allow PNP to realize its asset at a decent price.. As an example: PNP used to have a $25M line of credit with the current CEO at 1% per month + 0.25% fee on unused credit.. and by the way management makes 10% of PNP's earnings so it will probably do anything that is in their power to keep PNP alive This is my opinion... keeping in mind that risk is high given the nature of PNP's business