Some serious questions need to be asked about the competence of...

Some serious questions need to be asked about the competence of these guys now... Announce a potential acquisition, then in 2 days time withdraw it? This was always going to need re-compliance, iCandy, at best, are making mobile games, and they just IPO'd on that basis, fastacash was almost as different as had they gone drilling for oil. What has gone on here? What's the big deal in re-complying, or has fastacash changed their minds?

"As noted in iCandy's IPO prospectus, part of iCandy's business model is to consider expanding its operation capacity and capability through acquisition. To that end, iCandy has discussions with domestic and international parties from time to time, and iCandy generally remains active in considering opportunities that may exist."

So why haven't any other potential "acquisitions" been announced (and then withdrawn)? Why this one, or is this the only discussion they've had?

I have a a small punt via FFG on these guys. Wasn't expecting much, but this is farcical.