PZC - at the start line

Hi,

I've recently come across this company. I note that it looks like a typical basket case of companies of this size.

The recent announcements of the rights issue overhang stock being placed, provides some encouragement, as those taking up stock would only be buying for share price appreciation. Granted there is still approx 200mil shares to be place, which I suspect is likely to be placed by the time the AGM is held (this Thursday). In my opinion, such share price appreciation is typically anticipated in the short term i.e. 1-3 months. The magnitude of such appreciation can be debated, but I'd say a minimum of 3x entry level i.e. 0.002.

Having entered recently at the same level as the rights issue price. I've also noticed reasonable volume has been going though on ChiX at $0.002. It would be appreciated if someone could post the buying/selling depth on ChiX.

Cheers

Clever1