Agree, whatever the detail of the metrics it just says to me that someone wants to throw $15M in to buy a stake in something they obviuosly think will pay them back. Its a huge vote of confidence on the one hand, but is also validation of what Gus and the management team have been touting for so long - it shows they are to be believed (not that we have a problem in this area).
The last time I saw this happen was with Giralia (GIR), who were a holder of PEN. They jagged a strategic partner in mid or early 2009 from memory who, who bought roughly a 10% stake at the same level of premium ($1.30 from memory), the price plummeted to around 40c or so, they didn't sell, 18 months later GIR was taken over at 3 times what the partner paid (around $4)and 10 times the low that befell the company in between times. I know all situations are different but the confidence is now out there that PEN will do something similiar.
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Agree, whatever the detail of the metrics it just says to me...
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Last
7.4¢ |
Change
-0.006(7.50%) |
Mkt cap ! $235.8M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.3¢ | $1.691M | 22.63M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 2127304 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 969 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 2127304 | 0.073 |
13 | 750653 | 0.072 |
14 | 1317970 | 0.071 |
16 | 2596456 | 0.070 |
5 | 566501 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 969 | 1 |
0.075 | 500000 | 1 |
0.076 | 410000 | 3 |
0.077 | 400001 | 4 |
0.078 | 108003 | 2 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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