W - any number of possibilities...Q out today shows $365k in the...

W - any number of possibilities...Q out today shows $365k in the kitty but next Q expenses likely only to be $20k so plenty of "fat" there BUT Q activities report says they are still looking for opportunities

thus if something comes up they will have to do a CR to get some $ or flog some PANR shares to raise some $ or borrow a heap, or a bit of everything

that sort of scenario makes for some uncertainty

otherwise I agree that the nexus between AXT and PANR was lost some time ago so either we are due for a rise or PANR is due for a fall?

I suspect there are a quite a few holders who would look to exit if the SP got up past 9c - remember it was Jan 2016 that it nudged 10c