PZC pan asia corporation limited

Can someone help me out here...if Im not correct, Pan Asia...

  1. 420 Posts.
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    Can someone help me out here...


    if Im not correct, Pan Asia raised $560,000 before costs via the placement a few months ago. Yet according to their cash-flow report only $438,000 was received after expenses. What the heck happened to the other $122,000? Surely the raising costs couldn't be anymore than $10-20,000??


    Very bizarre. Especially when this co. is almost out of cash. again.
 
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Currently unlisted public company.

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