PEN 1.05% 9.4¢ peninsula energy limited

Entitlements, page-28

  1. 2,990 Posts.
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    I have a feeling shareholders arn't going to take up their entitlements, I'm not, down 50% and want me to pony up almost twice as much as I have lost and the entitlements are out of the money too, I received the pen stuff in the mail today with a bpay for me to pay them, I threw it in the bin. This stock is going a lot lower imho. The sophisticated investors are going to be forced to take up the majority of the raise and then they will sell because it's already out of the money. I see no upside. The insto investors are going to have their goose cooked, I'm not unhappy about that.
 
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