latest from the australian, page-2

Interesting information in both Watso's and John1331's posts. Very sad that ASIC don't seem to want to get involved in micro companies like PNE.

There seems to be a (tenuous) link between the old 2008 media article posted by John131 and the new Chairman, Mr Landau's company Range Resources. I have reproduced that part of the article posted by John1331 below:

...

"Investigators are examining the close connections between Findlay & Co Stockbroking and Opes Prime, which together played a role in the rising fortunes of several small mining and biotechnology companies that listed some underworld identities or their business associates on their share registers.

In some cases Findlay's, which has since undergone a restructure and change of directors, issued positive analyst reports and did the underwriting for the companies as part of takeovers and floats that saw share prices rise.

It is believed that large turnovers of shares belonging to some of the companies, including RANGE RESOUCES, Boss Energy and Fairstar Resources, came from trading borrowed stock through Opes Prime. Findlay's previously operated in Melbourne out of Mr Karas's LaTrobe Street office and he remains a significant shareholder."