RE:RE:Q3 Results Webcast...MrT, what is it that you don't understand about why a number of people in this forum continue to hold PNE. For myself and others, it is not dead money... much to the contrary.
Here's why we don't sell...
Having taken a small position... 50000 shares at an average of $0.29 p/s... my initial dividend of $0.13 annually, gave me a very high percentage yield of ~45%. It would have been insane for me to divest my shares. Even now, for me and some others I am sure, PNE with it's $0.06 annual dividend is a lucrative investment, yielding ~21% annually on my initial investment... all tax-free in my TFSA. Really, it's a no-brianer, while I wait for the share price to rise again. And if it doesn't rise, I'll just continue to reap that beautiful tax-free dividend.
Now, do us a favour... make like the birds in my maple tree and FLOCK-OFF.