re: Ann: Patrys Announces $12.5 Million Right... Good on you Akki for wanting to discuss the content of the release as opposed to just the $12.5m raised - and there is plenty of content. The way some are carrying on is as though the content of the release said that it was being raised to go into directors' pockets.
Has anybody else even considered why they raised this money now. Has anybody looked at the cash burn, $4m in the bank, potential funds from option conversions - and asked themselves "Why has PAB raised now when they could have gone through this whole pump process 12 months down the track?"
WHY NOW?
Ann: Patrys Announces $12.5 Million Rights Issue , page-4
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