POW 0.00% 0.8¢ protean energy limited

Ann: Board & Management Update, page-6

  1. 873 Posts.
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    > I take that as mumbo jumbo for saying a cap raising is on the way.

    Looks like that little premonition about a cap raising coming was spot on. And also the prediction that the placement would go to 'clients of CPS capital', AND that it would be done at a massive discount --- 40% LOL. Have seen it all before over at TYX - same Board members. Alas, does not bode well for this company.

    I am frankly shocked they could only come up with $385K with a 40% discount. Next, we are going to be awash with entitlement shares at 0.006cents. Takes us all the way back to the begin. Like playing snakes and ladders. TYX all over again.

 
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