OT sorta,,,,,PNP to redeem $3M of the O/S debentures

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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kooter33

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OT sorta,,,,,PNP to redeem $3M of the O/S debentures

posted on Dec 11, 2015 01:31AM

http://www.stockhouse.com/news/press-releases/2015/11/26/pinetree-capital-announces-january-3-million-partial-redemption-of-convertible

looks like PNP is pulling out all the stops to pay off its debenture holders by May 31st 2016. I wonder if there will be any assets to salvage after the debenture holders are paid.

I see their SP is sitting at 4.5 cents CAD. Wow!!

IMO, PNP is primed to do a 1:10 consolidation(RS).once the debenture holders are paid off. I am surprised they are still on the TSX.

BTW, commodities are said to be nearing a bottom. That might be the salvation of PNP.

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