The pressure is on management about keeping the business afloat capable to operate.
IF management felt staying afloat no longer possible they need suspend trading, or leave themselves liable.
Current sales may be from the short term money providers recovering monies, or nervous shareholders recovering whatever they can, before PAX under receivers.
Yet the management appear to believe current arrangements suitable to ensure sufficient capital in hand to pay weekly expenses until the PPA's are expected.
Unfortunately the PPA's are outside control of PAX, so we all need wait... sitting on hot pin heads not comfortable.
Reasons for delays in arrival of the PPA's ?
Admit like most, my exposure now significantly less than earlier. That still have some suggests ignorant hope.
Yet find am debating with myself whether to increase my holding - with little rational reason.
Any reasons to suggest the PPA's will not arrive ?
:-O
PAX Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
