Equity component - PNP
I read through the financials and it looks like PNP is sitting on about $60 million worth of equities that now have a total market value of $6 million.
Would it be save to assume that a lot of the paper bought by PNP over the last decade is pretty much worthless. Would it also be save to assume that they may still hold onto that paper as there may not be a reason to dispose of it?
EKIM