PAX 0.00% 1.2¢ panax geothermal limited

time for asic to have a good look at this one!, page-10

  1. 1,247 Posts.
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    I can not see how that could be butcherboy.

    The last issue was at 0015.

    I am certain that this is part of a much different thing, what management on earth issue 50 million shares at 001 if they had $700,000 in the bank + a grant from the Australian government?
    They would have to be crazy! Not the best way to run a company, issue shares at the lowest price.

    This is very interesting and has me think the announcement we are waiting for is about to arrive, why else would these last issues of new shares keep coming so fast? They don't need the money to drill or make anything. money already in the bank, ha this is almost funny and i would find it very funny if i didn't hold shares in PAX
 
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