Ann: $2.5 Million Convertible Notes, page-12

To me, the third player is the interesting one. Soph investors typically won't have much bargaining power to stall the process by 2 to 4 weeks for due diligence reason. In my experience only institutional funds or asx200 companies will demand for such process. And I don't think AMG management will wait another 2 to 4 weeks, creating uncertainties on their cap raising ability just to raise $1m from soph investors, so I definitely think that the third player here is a big fish.

Just my opinion, please DYOR.