PAX 0.00% 1.2¢ panax geothermal limited

positive article - things are happening, page-12

  1. 2,854 Posts.
    Then why bring this $5 million note on board.
    This would equate to over a billion shares to be issued and who knows what Deer Vally will do with these shares given they are at an 18.8% discount to market prices at issue time.
    If they do anything like a LaJola or Bergen i cannot see Panax above these levels for a very very long time.
    I think that question should be put to Mr Parker, afterall its our company they are managing.
    Is not a shareholder approval required for such a note?
 
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