Pernix: Update on Institutional holdings (must read)

[anonymous]

Go to WhaleWisdom Investors web site for updated holdings from Institutions. It appears most of those large institutions that held large blocks of Pernix stock (common shares) have had their shares converted into secured bonds.

What this means is should the company ever file for bankruptcy, they get paid ahead of everyone else. (where common share holds get wiped out the high majority of times).

 

[anonymous]

They are moving away from the falling common stock prices and focusing on acquiring the bonds since they trade approx .20 cents on the dollar for a deep discount (caused by low confidence of ability to pay principal). With the deep discount also comes the interest payments which Pernix must make unless it defaults. As far as I have seen most of the bond accumulation has been with the 4.54 % unsecured notes.

https://stockzoa.com/cusip/71426vak4/

 

[anonymous]

cat

 

[anonymous]

cat

Dog pillow black left right ahhhhh where am I????

 

[anonymous]

I saw J Sesor having lunch with a bunch of corporate people on friday. Could be nothing, just saying.

 

[anonymous]

They are moving away from the falling common stock prices and focusing on acquiring the bonds since they trade approx .20 cents on the dollar for a deep discount (caused by low confidence of ability to pay principal). With the deep discount also comes the interest payments which Pernix must make unless it defaults. As far as I have seen most of the bond accumulation has been with the 4.54 % unsecured notes.

https://stockzoa.com/cusip/71426vak4/