My IRESS only showed notice received, not a trading halt? What platform are you using?
I agree though, I understand (and actually agree with) the decision not to underwrite the rights issue, but drip feeding the shortfall $1m at a time is embarrassing. If they got the whole shortfall done, or at least say $5m, then announced unequivocally that they wouldn't be placing the balance, then I could understand it.
I guess the sp is really only a secondary concern to Marie/Roger etc, they are placing the need for capital first (despite no immediate need for it). I would more readily forgive them for this if they gave us further clarity on what we're really interested in, being the timing and detail of trial with Onyx!
Are there are any Azure/BBY clients here? If so did you get a briefing sheet on PAB with anything interesting?
It certainly confirms what we'd already guessed given the trading over the last week.
Bring on the 11th of March.
GLTA, Z
PAB Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
