Given my memory isn't wonderful, I thought I'd do some googling...
http://www.asx.com.au/asxpdf/20170221/pdf/43g4p0pgjychjl.pdf
For some reason I can't copy and paste from the PDF, so have a look at the second paragraph on the second page. From the meeting, the key takeaway for me was that while they were confident they could have got a deal with V2, they believed that V3 would give them a significantly better value proposition.
Obviously that's one side of a 2 sided coin. For those who have been in since the 2c-3c day, I can understand anything other than an immediate turnaround is a disappointment.