FBEverything you say about Patersons and DV is correct, the...

FB

Everything you say about Patersons and DV is correct, the difference this time is the underwriter is an energy business not a financier.
They IMO will not be after quick profit but expanding their energy business, sophisticated investors would not be jumping in if they expect to lose their money, it all points toward a future for Panax, without this deal there wasn't one.
We can point at the Indonesians if you want a scapegoat, that's where the problem is. If we had got the PPA's months ago none of this wheeling and dealing would have been necessary.
I myself will end up with more shares but a smaller percentage it is still better than ending up with nothing.