PAX panax geothermal limited
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strike two

  1. Graham_1954
    1,192 Posts.
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    08/03/13
    17:02
    Post #: 11516190
    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
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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