Didnt the last 1/4erly report say PEN had $10m in cash? Its last capital raising measures should have buffered it aginst the slide more than it did MHO.
With last night's capital raising issue (nice move CEO :)for shares at 10cents it seems PEN is getting nicely cashed up for some big-time activity, similar to WMT's $cale just before it did its run for 44cents.
PEN is trading nicely today. Pity I didnt buy yesterday though at the low .03s. (I think I passed out when the ASX hit negative 200 points).
MHO - WMT
PEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
