It was alleged that GedW was banned from the PINN FORUM because of the anti corporate line dissent mutterings of Mr Bonner and his followers of his over ambitious and inflated deliverable ambitions! But who is the "daddy" now? Forget the past corporate claptrap. The sooner Mr Bonner's successor is found the better. But will any future appointment be a poisoned chalice in taking away Mr Bonner's baby! soz for grammar faux pas but there are more important issues at stake here.
Timing. The timing of the sell off this session is interesting in as much as it happened ahead of imminent trading numbers to year end 30/9/13 being announced within the next two weeks. PINN was a prospective takeover target by COMS. With COMS announcing that it has a takeover war chest and is "in discussions with a cloud based company" PINN has not yet scotched any on-going rumours connecting COMS with a potential PINN target we will be left to assume PINN is not on the COMS target list. PINN is keeping close counsel as to rumours regarding PINN's future and prospects which is a pity as some calm is needed to quell the volatility in the share price.
Comment justified on todays trading and present decline, i would have thought RNS warranted on share price fall, so we have weak share price and management. Any positive comment would be welcome here, as to Comms offer at 21p looking good on todays aspect, never thought i would say that.
The Market has delivered its verdict on PINN in a robust and ruthless response to the lack of positive news and a marked sell off in PINN shares this session. With the "cloud" sector rife with takeover talks it looks like PINN is going to be the bridesmaid. There are still robust positive commentary in certain PINN chat forums but alas falling on deaf ears for now. Dors PINN remain a "strong buy" on fundamentals?
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