Ann: Corporate and Project Update , page-13

Benny
As Graham stated they were imminent in the March quarter.
Since then we have a convertable note and issuing stock contrary to the 18.6% discount.
Of course large holders like Graham are starting to get jack of all this.
1.6 cents has turned into .002.
I think management would love holders to just shut their mouths and be yes men, but this cr*p has gone on long enough , and holders like Graham have seen their stock savaged and slaughtered like a abbottior pig.
If you are happy, then i am happy for you, but i am not as i am a holder of this damn thing, and we pay our management to perform, not lose almost 100 percent of the stocks value.If in the future this thing turns around then great, but we are dealing with facts, and facts are we are at .002 with a US mob taking shares for a song.
Cheer and Merry Christmas, becaz i am sure many here wont be singing the Panax stock market praise this festive season