Wasn't Canaccord lead manager in one of their cap raises? Stands to reason they would put out positive commentary......
Canaccord Genuity (Australia) Limited was the Lead Manager to the Placement of ~26.125 million shares at $0.40 per share to raise A$10.45 million in November 2015.
Disclosure of Corporate Involvement PAC Partners has not in the previous 12 months carried out work on behalf of the Company described in this report and has not received fees on commercial terms for its services from the Company described in this report. This report was prepared solely by PAC Partners. ASX did not prepare any part of the report and has not contributed in any way to its content. The role of ASX in relation to the preparation of the research reports is limited to funding their preparation, by PAC Partners, in accordance with the ASX Equity Research Scheme.
Paterson's disclosure says - its directors and/or employees may earn brokerage fees, commissions and other benefits as a result of a transaction any advice mentioned in this report
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