Interesting that we again closed below the offer price for the rights issue, if this happens a third time Pacific Energy can get out of underwriting the issue, this leads me to think
a/ the board do not support the issue b/ the board have not read the prospectus c/ the board has an assurance from Pacific Energy that they will support the issue even at .001 d/ vested interests want Panax to become insolvent (due to over 3M sold at .001)
Your thoughts?
PAX Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
