general chat/ thoughts, page-255

Mer,

Agreed the position of warehouse manager was advertised for the design, setup and management of a new 1,000sqm facilitiy in inner-city Melbourne - so I assume a lease has been signed . Not sure why a prestige location is necessary for an ecommerce sales operation so maybe door sales will be made too. On a purchase, I can't see a strong rationale for an outright purchase, I would hope those funds would be better served growing the core business. Plus who knows 3 years in the future we may need a site 10 times larger.

Funds wise - based on the shareprice looks like PWN may be in a position to make a call on the partly paid shares and maybe even receive funds for the conversion of unlisted options (I know if I was a holder I would want some liquidity on these instruments). So coffers may soon be bulging.

I didn't question PWN's business plans - just their treatment of current shareholders on these two recent cap raises.