Remember Target ... $12.36, page-235

Tomas....A very good effort ...Tomas just looking at inflation alone at 3% over thirty years that almost doubles the price of anything today and as we know inflation is not a flat playing field!!!

I believe that unfortunately within the next three years Pen will be bought out by an American major ...perhaps a Google or Amazon or Microsoft ,diversifying ,as demand for energy grows for Ai and Ai becomes a major driver of energy production. Hopefully by then we will see a $7 to $10 price and on a buy out or merger..Most probably a cash buy out, then a 50% premium could be the most likely outcome!!!

I cannot see any major downside for Pen....and I always look at the risk side first..even a major set back on Wall Street might only impact the market price at most 20% as pen is selling at present well well under Book Value which is $1.84 and well well under Enterprise value $2.33....while present price of Pen is only $1.235.

It's unfortunate that less than 70% of present holders will stay the distance by choice ....or not by choice!!!

All the Best to All for Christmas and the New Year.