the news - will it move the price?, page-31

I love this bit

"Lodgment of Prospectus with ASIC and announcement of Offer Monday 25 February 2013"

umm they announced it today and by my calender it is still only the 19 February 2013

then this bit

"Sophisticated Investors participating in the placement will also receive Unlisted Options in Panax, on a one-for-one basis, with a strike price of $0.0015, expiring three years after the issue date."

wow strike price of .0015 three years down the track.not really a confidence view moving forward.

Anyhow a major positive is Mr Michael Clarke coming on the board.Can he hit a few home runs(well he is the aussie cricket captain lol ) ;))
joke only