PNC 0.99% 51.0¢ pioneer credit limited

Ann: Pioneer signs Scheme Implementation Agreement with Carlyle, page-35

  1. 588 Posts.
    lightbulb Created with Sketch. 217
    Good pick up & not surprising. The equity is worth > $3. These guys were all in a position to pick up an extreme bargain & they got one. As soon as the risk of liquidation ceased they'd all have bid this up further.

    Have learned a lesson about the power of widespread credulity here - especially for idiot bankers.
 
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