Well, it should make relisting from suspension interesting.........

Well, it should make relisting from suspension interesting......

At least the o/s trips seem to have borne some fruit. Something appears to be occurring here.

Just to clarify a few points -
* The have issued the 100mil shares to the investors under the 15% limit for placement capacity.
* This avoids the 'full prospectus' requirements.
* The issue price is $0.01c.
* PDY last traded at $0.007c.
* They still have just under 345mil to play with under the 15% limit for placement capacity.
* Utilising the same offer, PDY could conceivably raise another $3.45mil from other investors...... "Padbury advised that the Company is finalising a further proposed capital raising with a number of other investors."

Yes there will be a bucket load of shares on issue, but a consolidation is relatively easy to arrange...... Heaps of time for that.

Good luck to all holders.

Cheers,
Mac



Please dyor