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It's certainly not unusual to see a company raising money not...

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Hingdog

22,631 Posts.

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14/12/23

11:17

Post #: 71445025
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Originally posted by Battlebroker ↑

Raising money , trading halt just two weeks later, and than go into receivership.PAN received from " Eligible Shareholders " under the SPP, raising a total of $5,922,445.50 ASX ANNOUNCEMENT7 September 2023 . Who bought these shares ?
Two months later the Appointment of Voluntary Administrator. The ATO will cover the losses of investors more or less but the company must be looked at by ASIC for sure.

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It's certainly not unusual to see a company raising money not long before administrators are appointed. It just goes to show how unsophisticated many 708s actually are

PAN Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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