Shhhhhhhhh flyboy, how could you think such a thing, that is so...

Shhhhhhhhh flyboy, how could you think such a thing, that is so bad of you, for shame, but what else do you think could be done now that free partner shares and gifts to approval organisations are now officially forbidden but the culture still exists.

Overall I see this new massive dilution as a positive for the life of the company, it is a complete admission that the Indonesian projects are the only real prospects short term, and that finally there is some glimmer of progress on the horizon. The recent Indonesia Today news re Bakrie and PLN, and PLN and Pertamina gives clues to this.

Newtons Law applies of course, and the massive downside is that shortly with such a massive influx of new owners at historically bargain prices that old owners of shares will not get a look in when it comes to voting on new company policy or on offers from suitors.

IMV the change of directors clearly indicates some dissent with the issue and the direction the company can or may take in the future. How much of this has already been decided will never be disclosed to mere retail shareholders whether new or old until well after the benefits have been secured so it is necessary to watch the two old major holders to see what is going on and the new as well of course.

IMV Bakrie are the most likely suitor and whether they have dictated that the percentage sentiment of the company must change before progress occurs is anybodies guess, but if you look at what the outcome of such a scenario would be, then so far all the steps are being taken for that to be a possible course.

The other aspect to this new issue is that it is eminently clear that the people who are going to do well from Panax are the people who go in at the new low prices and to hell with William hehehe.

I made a post a long time ago (at least 8 months lol) that the main indication of real progress would be massive ownership changes and opportunities to especially new Indonesian holders. Some of this issue will surely be going into Indonesia so here it is guys.

Like it or lump it.

oh yeah, do not be surprised by any of this, Indonesia is quite capable of bringing companies of far far far greater worth right to their knees before allowing them to limp along under even more Indonesian procrastination. That is normal. The price reflects it. There is no mention of the other two projects, they are in the sidelines to create volatility to milk the new massive issue.

Just my view..... without prejudice.