Ann: PAR Appoints Business Development Consultant, page-169

If 800M shares gets us through the whole process
to market Zilosul, instead of maybe what we
were expecting (300-400M), it means our
shares will be worth half of what we expected.
Surely that is better then a deal where PAR is
jammed into a grubby little agreement with a
partner for say 10% of sales.

I really don’t see why you think such a dilution
would be the death of the company. I am not trying
to be a smart arse. Genuinely would like to know.

Most of us are way down on our initial purchases.
From a personal point of view, I would not like to see
such a dilution, as I am in no position to participate
in such a CR. (I guess if instos stumped up at 43c,
then they are likely to participate @ 20-25c),
However, I think it is the lesser of the other evils
we face. If we have not been able to make a deal
during the past couple of years, then there is fat
chance of a good deal now with the precarious
financial position we face.