I agree, old news that was combined with the 8.1m facility to make the GSJBW announcement look like a 'strength to strength' announcement.
This baby is getting mightily diluted (the options in the announcement are 10% of issued shares) and the ceiling is now 10.5 cents if you look at the option strike price. Not a lot of confidence there is there.
Pump and dump, GSJBW gets out, PNA refinances before interest costs put them under and everyone is happy. Especially the bnakers who get the options sold and booked to P/L and the uptick interest rates.
PNA Price at posting:
13.7¢ Sentiment: LT Buy Disclosure: Not Held
