PAX 0.00% 1.2¢ panax geothermal limited

Ann: Half-Year Financial Statements , page-7

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  1. 2,854 Posts.
    immmelman

    "For a company on its knees it sure knew how to spend money!"

    "This figure excludes the office rental of $175000 in 2011 and $114000 in 2012. Are they using gold plated staples in this joint?"

    It really is outrageous immmelman, money just going casually.
    On a bright spot, this is not the only likestyle pennt dreadful on the ASX, but these boards need to be held accountable for every cents of shareholders money that is spent becaz now we fined ourselves precariously on a knifes edge, and they state they will do a rights issue now after a one for ten consolidation.
    Well for me i certainly wont be paying 1 cent per share in a rights any time soon without any PPA, especially now since KP has extinguished his board responsibility.
    The timing is in fact very strange to leave now after all this time and when an "imminent" is coming.
    But what is the "imminent"?

 
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