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Audio interview with Patch International available at http://www.audiostocks.com

You need to register to listen to the interview...

You'll hear about the history of PXS, the formation of Praxis and how Praxis formed Pharmaxis

Interesting tid-bits from the audio interview -

-Patch have a number of gas & oil targets that they wish to pursue and they need money to realise these goals.

- Patch will sell half of their 11.2 million shares in PXS at the end of the year, which of course means that they will continue to hold a very large parcel after the sell-off as they see way more upside in Pharmaxis.

- Patch refer to their investment in PXS as being similar to running their own bank. Obviously the lads are happy with the return that they've seen ;)

-Patch's current investment in PXS is worth around 15 million. They expect it will be 20-40 mill at the end of this year. So they're targeting a price of anywhere between $1.50 per share up to $3.50

I'd be happy with $3.50 at year end :)