Sincerely hope it works out for you and the other PINN Faithful who are holding.
Re British Bulls, it is just one tool in the box that has to be used with common sense and in conjunction with other, never on its own. I fully agree that they make plenty of wrong calls but they are often good at spotting the bottom after a long spell without a buy recommendation.
Thanks for the sympathy but the patient isn't dead. We now have an admission that pinn is poorly and needs treatment so no more pretence. Losses have been reduced to bring us close to monthly break even at ebitda level so we aren't going bust and I don't expect a fire sale takeover. I'm glad you agree Pinn has some value but dispute your figure of 21p. "Smart operators" start negotiation with a deliberately low price with a significant discount to true value. The institutions and directors who bought discounted shares at 30p surely had a better opportunity to appraise the potential value and the fault has been in execution rather than planning. British Bulls is not the be all and end all. They've made plenty wrong calls in both pinn and Coms. It is akin to charting using past performance to predict the future. Like driving by looking in the rear view mirror. As you frequently point out when Coms shaky past is mentioned, forget the past and think of the future. We await an announcement of a new MD/CEO and given recent purchases from MXC there may be a connection there. Still wait and see and I'll be holding to see the next move.
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.
I suspect that as PINN has a very small management team a takeover must be the most likely, I for one increased my holding at rock bottom prices in just that expectation. Dr Tom Black won't want a bust company on his CV I think
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