gary of to china for further talks, page-71

There's only one reason why PDY did not disclose the $100,000 fee, the $94 million pre-payment guarantee prior to receiving any secured funding, and the counterparty to the deal. Its because FAS became a total farce for shareholders.

Its an obvious breach of "If not, why not" reporting guidelines - if you hold information back, why are you holding it back ?

If PDY had included details on 11th April they would not have traded at the same volumes and up to the same price. In fact, there's every chance the ASX wouldn't have let them trade.