PAX 0.00% 1.2¢ panax geothermal limited

imho the discount was calculated so the new shares could be sold...

  1. 957 Posts.
    imho the discount was calculated so the new shares could be sold quickly on market to the existing buy orders as there were not orders in place to suit the quantity involved at the prevailing price at the time.

    Since then the buy orders at .001 have increased and are now sufficient to absorb another $35k of new stock, what is surprising is that it took very little time for that to occur.

    But there are still orders at .002 to be filled, what remains to be seen is whether the profit margin to Deer Valley is sufficient when sales are split to both the 2's and 1's and how the buy orders change in the mean time :)

    Strategy atm appears to be retain the issue capital at all costs, pay running expenses from the Deer Valley arrangement, and get stock into the market at whatever level it takes to achieve the above based on .......

    The pressure to fulfill all this appears to be coming from the buy orders as there is sufficient capital in hand to pay weekly expenses until the PPA's are expected.



 
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