re: Ann: Patrys Announces Oversubscribed Capi... Here's our...

re: Ann: Patrys Announces Oversubscribed Capi... Here's our answer.
- Oversubscribed CR via Lodge.
- Lodge have been running "buy" recommendations on PAB.
They had a target of ~40c for this time of year.
(little bit out!)
- Terms of the CR and any payment to Lodge not announced to shareholders.
- Surprised they didn't offer 1c options to the mates rates club.
- Next stop, depressed share price whilst the cheap shares are sold back down on market, at a profit.
- Loyal long term PAB retail holders weren't offered cheap mates shares and can buy on market later to line pockets of the "mates rates club" CR beneficiary.
3M is a joke. You could raise that amount in Perth at lunch on St Georges tce.
Whats the current burn rate and how long before the next one?
Short term, poorly timed, poorly executed and a stain of the good record of PAB.
Mav