I'm not here to butt heads....
No one said $500k was needed....so let's not get silly.
The first tranche of $35k (6 Dec) was 'placed' at 0.0015 (at the time the last trade was 0.003) - 50% discount.
The second tranche of $50k (17 Dec) was placed at 0.001 ((at the time the last trade was 0.003 on 14 Dec) - BIG discount.
If the latter had been done at 0.002 rather than 0.001, there's 25m less new shares!
Why such huge discounts?
All we heard from PAX was about an 18% discount.....or am I mistaken?
That just means huge dilution for we shareholders?
good times ahead, page-13
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