when not if for pab now, page-29

So why not stop faffing around with this shortfall and let the share price run and then place at 8c? They'd have even more money or issue less shares. Hasn't it occurred to them that it's much easier to place stock when the price is running upwards than than sideways?

All it takes is an announcement that they balance of the shortfall may be placed at a later date and at a price which better reflects the value of the company. In a stroke the fear of buying at these prices would be removed and they'd have an open ticket to run the price up on news.