Ann: Half Yearly Report and Accounts, page-22

I don't want to be right on this. But if the auditor says 16 June and GMC give us another one week delay, its pretty obvious GMC are keeping us hanging on this placement so they can drop the news that by the way they need a CR from us to give them more time to raise the "other $10M CR" with the private investors.

Then when the $1.5M runs out, the process repeats.

If there is no deal management need to do the right thing and resign / step down. That's what JC did at AZZ and that's what needs to occur here.