Hey all....im back into PEN after the charts suggests the bottom has been reach.....i did cop a loss earlier this year when Dhuy was promoting/ramping this stock but it now things have changed...
We all know the fundamentals..but the oppie price (2c) with 10c exercise is suggesting to me that it the heads that are way undervalued....i wouldnt be surprised to see the heads rising par or higher (% wise) vs the oppie price over the coming weeks....the heads IMHO should be priced at 8c so there is some catching up to do. Ofcourse in the longer run the oppies provides a greater leverage !!
As for takeover, i think its on and suspect the market to wake up next week which should see 6c+ the Financial Review (pg65) was a good article to read
Good luck
PEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
