the most important thing when investing in a speccie is the fundamentals. Pno fundamentals are good, i see no failure here so far. Market will re-rate pno shortly, until then we have to be patient.
Another company which i knew had good fundamentals is ssc,
which i held in 2009.. i ran out of patients thinking it will go to 4-5c which i valued ssc at.. i sold out and 2 yrs later there it was nearly 4c...
At the time of holding it went from 1.5c to .004c , you would think a bomb fell on the stock but its the market giving you the perception of doom and gloom when in fact the fundamentals stay only a matter of time until it shows its real worth.
So im holding pno, and aint selling.. i see this stock at 2.5-3c value.. especially now given no dilution and hopefully minimal cap raising if at all due to potential sales.. Who knows what the company has in plan for the next 3-6 months.. i know that the options would of been over the line if managment was unsure of near future sales or if they knew tey would of been strapped for cash..
This is a interesting scenario which i think will come to good favour to the current shareholders..
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