PMT is really worth $0.005 per share IMOAnd the Jan 18 meeting is where the they gather around a table of kleenex tissues
and dab the tears out of one-another's eyes.
And the Rights shares took a haircut today.
And yes, PMT will continue with very little value and slowly work its way upward over the coming decade. It is imperative for the Riddel Umbrella group that this not fail, because once one dominoe teeters over, then one or two others might fall too. (But the rest would survive in any event).
Us oil and gas investers just have to face facts that our investments will take years and years to make us money now. Lots of investor equity lost. And lots of oil and gas in the world. Period.