Ann: $2.4 Million Fully Underwritten Rights Issue, page-33

Iceberg: "...why on earth would you want to raise $ 10 million at 1.7 cents and dilute existing shareholders by nearly 40 - 50%?"

Iceberg: A very good question indeed! I notice that you are a holder. What will YOU do: Take up the offer or not?

From the sound of your post, you are quite pessimistic about the outlook here? Or did I get this wrong??

Comments (also by others) on what they plan to do here with that CR most welcome. Not that it will be of consequence to me, as I as an overseas investor can anyhow not participate in this.

But it might give me a hint IF I should add some more PAB stock (to average down) whilst the PAB share-price will be near that 1.7 cents mark...

wasa