Hi TullyCrow. Without giving too much away but appearing snobbish I have been very well schooled in corporate equity finance to top level but try to dumb it down. My message is often lost but that is not my fault. I can assure you I think out of the bulletin board rhetoric box and input corporate information debatable material as I see it for better or for worse. Trust me, my word is my bond for those who can remember such things!
Hi TullyCrow. I cannot put my finger on any one issue but I know after investing since the early 80's how things are panning out. Are you comfortable and happy with events at PINN? I am not in the habit of putting out spurious misinformation but coming from a lifetime of experience investing in penny stocks. PINN is following the classic penny stock script. It is like trying to describe an uncertain length of string. PINN is a marketing disaster!
GED,I agree with your opening statement but not with the following.
As I said Institutions have long arms and deep pockets they will eventualy rid themselves of the private investor itch. I have no doubt in my mind that those that thought that they would be millionaires even for a split second will be left wondering what slight of hand card game have I just played in and lost!
What do you mean by institutions will rid themselves of the private invester itch? what is that supposed to mean? you are also implying that pinnacle have been party to some sort of scam by using the words "slight of hand" again without foundation.
Karina1 was good enough to contact Zeus and got an explanation as to the spread and why most cant get quotes, if you have proof on your back door accusations put it up for all to see, if not then please stop posting such things.
This is the golden rule that was drummed into me at corporate law. Directors' job is to place the best spin on any situation within the corporate rules and regulations. As part of the corporate equity fraternity I fully understand and appreciate that doctrine. PINN forum fully satisfies that! GedW
The message PINN as an example is sending out all the wrong vibes when listed companies are in a similar position and the Board give out corporate statements of their intention to consolidate as "being in the best interest of private investors" this is a lesson on not how it should be done. As I said Institutions have long arms and deep pockets they will eventualy rid themselves of the private investor itch. I have no doubt in my mind that those that thought that they would be millionaires even for a split second will be left wondering what slight of hand card game have I just played in and lost!
There is a way out of this mess. PINN could make a secondary offering to satisfy alleged institutional demand, the last offering was allegedly oversubscribed, this would allow those institutional investors a second bite. The secondary offering would also improve liquidity and settle the spread to within an acceptable margin, there would also be more shares to allow a more liquid transfer of stock. But some-one has to get a grip and hold of the situation and effect a more acceptable market in PINN's stock.
There is an element of organising "p" ups in breweries to PINN's current saga and letting the market makers loose in the perverbial sweetshop springs to mind. I'd like to be the fly on the wall of the corporate elite regarding this major faux pas.
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