Unfortunate ...RedKnight,posted a comprehensive breakdown of Pinns finances a couple of months ago and compared them to Coms,why today is a suprise to any one,who knows.After reading Redknight I mentioned that this would slip and Coms would be able to buy at a reduced sp,less now,but Coms went and got Redstone instead.Wait and see ,i was told,did not have to wait long.Break even is not to clever without new contracts.A D.B. clone needed.?
Sorry guys, today's news was not good but it could have been worst. Bonner could have said he was staying on.
Another positive, PINN has clearly got something that makes it worth about 21p, or DB would not have indicated that he was willing to pay that price. He is a very smart operator.
Eventually PINN will probably be bought for somewhere close to 21p, although in the meantime, it is likely to drift lower. The big decision is whether to hold until the takeover or sell and buy back in when lower.
British Bulls have been very accurate in their calls on PINN, their last being to sell at 22.6p. Watch out for their next buy signal.
I don't know if DB will return for a second look as he now has his mobile network in place at COMS.
Only answer to that question is 3 months update does not have to be indepth report, most companies report to the board on a monthly basis. At least keeps the shareholders updated instead of the terrible silence we have been used to. No news does the share price no justice and that is the main factor and first consideration by any investor or corporate company. Lets have some numbers BEFORE the end of February if solvent or not.
Yes and Yes! I am a shareholder but average is above current offer. PINN is bombed out but it would be brave to buy this session but perhaps wait until the "city" and experts take their usual time, a few trading sessions, to fully digest the impact of today's profits warning. PINN has been a tekeover target @21p so my belief is that the UNDER OFFER stc potential is still on someone,s desk ready to be fixed to the FOR SALE sign in my opinion but PINN will want to shore up its finances sooner rather than later and will want to get any good contract news out very quickly. As a risk taker PINN has the potential to recover from this!
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