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We were about 21c from being on par now 57c .....I am basing my maths on perhaps like many holders here who paid .01/40c and were looking at $1.60 as a ``positive`` price to convert.

So how does that happen, has the sentiment fallen out so quickly with PEN in just a short two weeks
or is there a miserable force out there that would not like to see all the PENOC`S converted which
obviously would of added millions $$ to our coffers.

Personally, I have to find $7.5k to convert my oppies, a lot to some and small change to others..... does one now take the 40c loss which is about $2.5 k i think.......or convert and in time see the SP above $1.60.

I am sure there are a few thinking of the same.