big picture, page-10

Bowerboy,

I could understand general gloomy posts when the issues of cash and debt were yet to be addressed, but like you I wonder as to the motives of those now posting in general/anologous/emotive terms on further downside or even demise. I understand posters with specific concerns, but those now of all times trying to illicit those nagging doubts in the minds of others - what motive indeed.

Apart from a small buy and cut quick loss around 60 on the way down I have never held PNA. Bought 500 today to have the option of participating in the SPP. Looking to buying a larger parcel - only a matter of price now imho - survival seems assured, which has been quite a feat for such and indebted and unhedged startup struck by such poor timing.

There is much more reason to be optimistic wrt PNA today than a week or a month ago.

EL
Sentiment: Cautious LT buy.