Pennexx Foods Inc (PNNX)

[trawets]

Great news items - this seems to be exciting times for shareholders.

Re up-listing – transparency in an increased manner is a good sign for shareholders. Being subject to independent audit and having directors independent of the day-to-day operations are also steps in the right direction - signs of best practice in corporate governance.

NOLs- This speaks for itself as having NOLs of the magnitude discussed, if correctly applied – provides accretive value to shareholders. Some more knowledgeable posters have estimated the value to be in excess of $0.10 per share. Comparing the minimum $0.10 to the share price at the start of the day would compute to a 'very crude' ROI of 33%.

Re - Issuance of Shares to Management
I can see the benefits of doing such - as being shareholders, they would have a vested interest in driving the success of the business. It would be good if the PR gave information regarding the number of shares issued (in total would be good for me). It was heartening to see that the shares are restricted (period of one year).

Based on the foregoing the signs are great and it is now for management to effectively implement the operational plans.

Good luck to all.