Appropriate words from rob...
"While Molten has been able to establish very stong connections... it has not been able to conclude these discussions to a formal binding commitment for funding at this point in time..."
SO we have achieved approximately nothing in 6 months?? So we did a CR on the basis of molten joining in, they haven't and we have shown them around, given them connections, explained our play etc for NOTHING.
Remember in the first press release they said, "Molten are very attracted to our relationship with PT Bakrie" Well now they have their own relationship with PT...
What a crock. I thought we had something more binding with them. Should have asked why shareholder CR was BEFORE their placement.
Panax have been completely screwed by Molten.
:(
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