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?
What on earth is happening at Pinn,the downward slide contiues,no meaningful news,the company doesn't seem to care about its future or it's poor suffering long term holders. I had great positivity for this company and it's prospects seemed rosy,who turned the lights out???
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