I do not see a massive sell of most here are long termers and are not surprised by the latest news. It is right that Bonner goes as GedW demonstrated with immediate effect. As to the numbers Redknight explained all. I am concerned yes phased no, rather have the bad news and move on.
The name of the game now is corporate damage limitation and there will be a distraction by certain quarters attacking the messangers, that often is the case with hard hit bulletin board members, rather than the message PINN has distributed and not go for those responsible for the mess in order to deflect the seriousness of the dire situation PINN finds itself. By all accounts Mr Bonner has "fessed" up that PINN's business model was flawed and he in true political fashion decided to throw himself on his own sword or a smoke screen to hide the full extent of PINN's corporate failings. Either way drastic and swift action needs to be taken now to avoid a meltdown swift or otherwise in the investment and any residual faith PINN has in its long suffering shareholders.
COMS. Can now snap up PINN cheaper than its previous 21p which in hindsight appears to have been a very attractive price. If the current positive spin in certain quarters then the current share price is very attractive but I cannot help believe in my opinion that there are more skeletons in the cupboard. Profits warnings usually arrive threefold! We will see. But for now market sentiment is now so sceptical of PINN's future performance it would be a brave punter to invest here.
Hi riddler. Yes in hindsight. But if the Board continually spin the same story year after year it becomes believable and some will still tear into the alleged level headed accusing them of "de-ramping" and worst! Unfortunately PINN's strategey has failed in spectacular fashion. Some have, by all accounts, hinged their entire investment strategy on PINN spin unfortunately. This has been a disaster however it is spun.
It is such a shame and a tragedy that it has taken so long for the "penny to drop" and why it took so long for some to realise the gradual and successive decline in PINN's fortunes. There is a quick solution or there is the long acrimonious drawn out solution to curing the sick PINN patient.
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