Ann: Equity Raising - Investor Presentation, page-5

Um fantastic, but your shares own 50% less of the company now, clearly to much leverage was taken on and the business has been to slow to ramp up.

'Reached after only 7 months of operation', with a tick next to it!? Was the business plan to under capitalise the business, take on to much debt and then dilute existing shareholders 50% at 2 cents a share??

It might be worth a look after they can demonstrate Tiger Palace was worth 70m in investment. I'm being harsh, but clearly letting the balance sheet situation drag on and then tap the market at 2 cents a share was not ideal for shareholder value creation!