Ann: Corporate and Project Update , page-22

Something to think about.

There are currently 697M shares on issue 15% of that is 104.5M shares.

I think there is little chance of PPA's or funding to be finalised by EGM therefore stock price will still be in 0.2c -0.3c range. I would assume the same conditions would apply as the last issue to DV 0.1c so 104.5M shares would realise only $104.5K, a piddling amount.

Wouldn't it be better just to go on with what is left in the coffers and the $300K coming from R&D tax.

If either PPA or Funding are in place before EGM well then it's a supportable proposition as SP would be higher.

Surely based on the numbers it's time to close the deal or close the business.

I'll leave you to ponder those numbers.

I wish all Panax holders a Merry Xmas and a far better New Year