They sold all their real estate holding in a all stock transaction worth an average of 27.20 a share in the company that bought the real estate holdings in a lease back deal where each shareholder of Pinnacle get .85 a share in the company that now hold the real estate holdings which is Gaming and leisure properties.(symbol glpi) So after the transaction was completed they just discount pinnacle's stock from the prior closing price of 38.86. 38.86-27.20= 11.66 give or take a few trading cents per share since.
Your right chrismichael I got a little carry away only because I too have a lot at stale as well, my apology to ba5300024
ba5300024- You are a real Idiot. It takes all of us, not just the unsecured creditors. So quit thinking about your foolish self and be a team player , before you bring all of us down, along with your own sorry self!
I decided to what it out, hoping it will go down a little first after the initial surge, but instead it eventually continue to go up. Then next thing I know it was at .24 and thought no way, it can't go any higher then that, and dam it did. Congratulations to those who decided to take the risk.
I won't be the least bit surprise to see this going to 10 to twelve cents a share if not more. Don't miss this plane before it takes off. First class seats are still available at an unbelievable discount!
Sentiment: Strong Buy
They are just going thru a temporary adjustment and transitional period from from the NASDQ to the OTCQB exchange. It should be all good some thing this afternoon, or first thing in the morning the latest (from pass experience myself).
what's keeping them from doing a reverse split In order to regain compliance with the NASDQ, and to make it more attractive for institutional investors.
From the latest 8k filing, "We’re currently in the clinical review process with the FDA and have recently received questions regarding our 24-month clinical data. We hope to provide another update in the near future regarding our responses to the FDA questions".
What the hell is the hold up with the FDA decision. I could have been money more money some place else by now, but lost the opportunity only because all my money is all tied up in this forever stock, not to mention the suspense is absolutely killing me!