Although I was disappointed that the announcement didn't say ta da we now have $10M in the bank. I think we all knew that was going to be the case. I believe the market would have been less forgiving of yet another formal extension of the HOA. I am of the opinion that Kerry Parker is an intelligent business leader with a sound track record, if I am reading between the right lines, and there are genuine alternate funding sources that are potentially only weeks away from fruition, it was a very wise move to be able to exit the HOA on our own terms. Had the carrot of Molten Funding not been there for the last six month I do believe the SP would now be even lower. I for one continue to hold and if the doomsday predictions of less than 1c come true I'm pretty sure I will be significantly increasing my holding.
PAX Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
