Although it is not the day traders that are the problem here. Your last sentence hits the nail on the head. Only further share issues will cause the SP to fall. As you know, there weren't too many sellers about pre DV arrangement.
The shark goes on about its business despite the pilot fish that surround it. If Pax restrains itself from issuing more shares and announces the PPA and funding, no amount of short term trading will suppress the SP in my opinion.
PAX Price at posting:
0.3¢ Sentiment: None Disclosure: Held