capital raising, page-16

Mrscrappy/frader, I could be wrong and often am, but even if cps withdrew the underwritten componant of the rights issue, it would not require or need a trading halt. Just a notice received, and the information. remember the market was informed of a proposed CR, yet no record date etc had been set, and it needed shareholder approvals etc..so its is not like a done and dusted deal coming undone. a TH is quite heavy, i dont think the th last time was warranted either, its JP's chance to show the shareholders he is looking after our interests as well...
Mrscrappy your number 6...could be OBJ...they have about $5 mill, so if they were to become a cornerstone investor for say $2mill, its a win win imo. OBJ holders get an investment in PNO, so if the price were to rise they get the benefit on that investment, obj as part of the deal get to work with tripeptofen on their pain patch...that makes a bit of sense..

I cant see cps paying more.....or a non-related cornerstone investor coming on board...then again, what if PNO was approached by a pharma and want to buy in??? Now that would warrant a TH, and scrap the cr altogether...
That would be a fantastic outcome...
We will all know soon enough, its our turn for good news...