PON, page-8

As stated previously, they threw a lot a $0.27 and it held like a brick, today we are making up for lost ground.

We going to bust through $0.30? I say chances are pretty strong.

Also, in my opinion, given current PON, shareholders of WSA may reject IGO’s offer as not adequate for the current market and force IGO’s hand to increase the offer (Notwithstanding WSA receiving a higher offer elsewhere) - All works to PAN’s benefit.

Stay strong guys