anyway, whats obvious now is that Zavos screwed RMA.
He had Deloittes conduct due diligence throughout november, in order to ensure the financial viability of the company.......so, there is no doubt that
a) deloittes found it was at least ok b) the Cornell money was there c) he joined the board
Now, as to why he then decided to exit the agreement (what now seems to be the obvious cause for the VA, as why continue if your major content negotiator and marketing partner has bailed?)
Seems that the current RMA board were extremely naive as to Zavos plots and schemes - Zavos with a team of pro advisors, vs Wilshire (who I keep trying to google, but comes up nowhere - so, in todays world, sorry, but must be a nobody stooge), MacKinlay (who resigned in excellent time, just like a lawyer), Johnston and Brown.........
Seems that Wilshire also did his due diligence, and up until 2 weeks ago, was claiming to have raised $750k at 1.5c - which is why he decided to not drawn down on Cornell - leaving the company in an absolute corner.
The above (deloittes) is verifyable (Adelaide office), alonsgides Thomson Playford lawyers (adelaide) who assisted, whilst Wilshire was also doing due diligence - during early november - prior to being "endorsed" by Zavos.
Seems that Wilshire is either a complete twit or a stooge of Zavos - as the other directors were apparently very pissed at the way he dropped them in it.
RMA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held