things you didnt know, page-5

Correct marmaduke...

"Molten will subscribe for $1 million in equity capital in Panax, on terms consistent with Panax’s recent Pro-Rata Renounceable Rights Issue capital raising, being at an issue price of two cents per share, with attaching listed options
on a one for two basis with a strike price of four cents per share and a three year term".

Maybe that is what is freaking them out, the fact that the price is 1.5c, rather than the 2c. I personally would rather have a partner that can meet their commitments.