So, we just threw $2m away for nothing? Securrency On 12 March...

So, we just threw $2m away for nothing?
Securrency
On 12 March 2018 Chapmans announced that it completed all due diligence and held the contractual rights to
invest up to US$4 million in Securrency, a unique exchange platform on which assets may be tokenised and
traded by institutional and retail investors. Chapmans made an initial investment of US$1 million, with the
remaining investment rights consisting of three independent tranches of US$1 million on or before 31 March, 30
April and 31 May.
Chapmans has since announced that it will not proceed with the second and third US$1 million tranches [ASX
Announcements 5 April and 30 April 2018].
The Company wishes to confirm that it will not proceed with the fourth and final US$1m tranche based on
Securrency not proceeding with plans to list on the TSX Ventures Exchange (TSX) to Chapman’s satisfaction.