You bring up the 0.2c seller, but we've told you it is Celtic....

You bring up the 0.2c seller, but we've told you it is Celtic. CPSS was the broker for the last rights issue and specifically Jason Peterson (aka Celtic) was the underwriter. He has truckloads to get rid of. Then their are others that would exit at cost if offered the opportunity.

You've also brought up debt before, but it isn't an issue. The debt is with driectors/family.

Are you familiar with OKAP companies? PNO operates very similar. The real money is in the rent, salaries, loans, consulting fees. Control all levels of outgoings.

I recognise consolidations do happen. And if OBJ don't bail us out then we need a rabbit asap.

$1.2mil in cash Dec31. Less $500k this quarter. Current $700k. So PNO have 3months to pump the sp and raise cash. Otherwise we do a placement to sophs at 0.1c

Zazore, I agree with certain aspects of your post. Like it's difficult to manipulate PNO lower. WE are rock bottom already. But is HAS happened in the past. Options were in the money and sp was crunched down. They expired worthless and a steady stream of cap raisings insued. Each at a lower sp. So manipulated down from 1.7c to 0.1c

That is probably why we dont get downrampers on PNO. Only uprampers. Because more money to be made in pumping the sp.