Post by
snowshoedb on May 10, 2021 7:54pm
Irrelevant Costs... Sunk Cost Perspective
I really don't care how much they poured into buying up their asset base. Those are sunk costs and well before (many years) before I started investing in PNE. The company was and remains undervalued. I invested based on potential to generate cash. If PNE can generate 8-10 Million per Quarter.. 32-40 Million per year then they can grow production and pay down the debt in the next 12 nonths. Once the debt is reduced to < 1 yr Free Cash Flow... what will they do? Grow production?
Where is the prediction of going broke when they generate cash... bird brain... too complicated for you? What will they do if the debt is gone and they still have cash generation from their long life assets? MBI = Mail Box Income (Divis)... I know that just won't compute for you.
Looking forward to laughing at you all the way into the fall
Comment by
MrT2020 on May 11, 2021 7:14am
Hey Snowflake , Mr . Snowflake can you see no one is buying PNE , no one . There is unlimited PNE for sale at .30 and no one is buying . So what’s the problem ? No equity ? Too much debt ? Declining production ? We are in the largest commodity boom in equity market history and no on is buying PNE .... that’s what I know .
Comment by
Skylar1 on May 11, 2021 8:33am
Hey 2020 i told you your going to have an heart attack , anger and temper tantrums can trigger the attack so chill , if you hate this company so much you should move on for your own sake . NOTE I am not a doctor but i have played one in a movie so my medical advice is so so. lol
Comment by
Java7 on May 11, 2021 8:41am
I would agree, you could become physically ill From your frustration and anger T. Take care of yourself. java7