PEN peninsula energy limited

Lucky if PEN trades under $1 post suspension (Not delusional), page-14

  1. 1,972 Posts.
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    So many people will sell and run when this trades again. Nobody wants a suspended stock in their portfolio. It's like saying shareholders don't matter only the money they bring to the company does. Suspension is so they can work out a cap raising and present it with future plans for the company at the last close price of .62cps a cap raising will be at 50cps. Thats why it's in suspension cos they don't want to raise capital at less than 50cps. hence the 20:1 consolidation 6 months ago. It has always been planned this way.
 
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