Fair price - Assessment as to the real value, page-4

I am not sure if this fundraising was reasonably necessary or its a pretext for a takeover be that it may, say at 10c a share which is still well below the previous 15c/share ceiling? I guess the only people who know are the directors and the underwriters whom are happy to throw in a $40,000,000 lifeline to PAN.

Unlike tomboy I am not all that confident about a run from 5c-35c anytime soon however I would welcome it if it happens - I bought a small parcel 25K and see were it goes from here. - I have learnt to be less emotional and more risk averse.