Pinetree Capital Ltd.
Diversified investment, financial advisory and merchant banking firm.
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Message: NAV?

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NAV?

posted on Sep 29, 08 05:36PM
Anyone know what the current NAV of PNP is now, or at least a range? My guess is around 2 bucks or so per share but falling fast. They sure own a lot of crap like Cue Capital, and Chalk Media, but they do have 10,000,000 shares of Noront. I note that a lot of PNP's warrants in its various speculative adventures are expiring or have expired. You know, looking at their holdings I can't understand why James Dines was (is?) so excited about PNP. Many of the names they're stuck with no one in their right mind would buy in normal market conditions. I can tell you that no major is looking at taking over this basket of (mostly) dead or dying cats and dogs.

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