What a shocker. Funny watching Paterson’s torn between wanting...

What a shocker.

Funny watching Paterson’s torn between wanting to dump their current client exposure to this position whilst taking a huge fee for corporate work and placing the third capital raise since listing.... ouch.

$10m raise is horrible. They are roadshowing right now putting lipstick on a pig. The amount of agents they need to sign nationally each contributing an average of 25% to costs is enormous.

Once they issue all that new script at 2c surely those Paterson clients are going to want out straight away???

I am sitting this one out for now. Shame. My colleague spoke with Paul and nothing he promised he was able to deliver. They can’t even get grammar and punctuation right on their ASX announcements.

10x