Princeton Capital Corp. (PIAC)

[ProRecommend]

Is this stock price just too high?
I am kind of new to evaluating filings and that sort of thing. I was just wondering, how is it that a company in this condition can trade for such a high price in comparison to other sub penny companies that appear to have so much more promise and a larger and more profitable business. I know it has been quite awhile since the last post on this thread and there isn't much volume to this stock lately but unless I am missing something, this company seems to be in financial trouble. According to their own valuation service, the quality of bonds they have in the portfolio is very low and in my judgement looking at the industries that the bonds are in and the precarious business position that those issuers are in tells me there will be further devaluations of the holdings of this company, that it is unavoidable. I also don't see how the current valuations of the holdings are reasonable. So what am I missing?