Ann: Placement Raises $4M to Fund Growth Initiatives, page-26

Well, I’m out (mostly). I’m not happy with how this CR played out. We were on the way to hitting 2c and bring millions of dollars into the kitty with options and then the CR at a reduced price to a large investor broke the momentum unnecessarily. There was no need to raise at this time if not for a specific project requiring capex. The investor doesn’t appear to be industry related (may be wrong but it hasn’t been mentioned). I now expect silent operation for a number of months and the interest in pwn to fade over this time. I’ll keep an eye on the happenings and may re enter in future. I like the idea behind the master plan but feel it’s a long way off getting any traction. As I said I’ll keep an eye on the announcements and happenings but I’m disappointed with how this was done and don’t feel its in the best interests of existing shareholders, retail holders in particular. I’ve seen many small caps play funny games with their manipulating the SP higher for a cap raise but in the end it tuned out not to be organic and after the successful raise good news runs dry for some time as the immediate goal has been achieved.

please don’t pile on, I wish remaining share holders all the best and for their sake I hope I’m wrong but my decision is now made. I have a small remaining holding and will continue to watch on With interest and may rejoin you in future with a more serious holding.