Ann: Trading Halt, page-34

I don't think due diligence was an issue. They have simply failed to meet shareholder expectations post acquisition with themselves to blame- inadequate cashflow, announcing things that are half baked and adverse market events, which forced some undesirable corporate decisions.

All in all just business and a very valuable experience for me although not a very profitable one....

Could and should still come good for those with patience.

Net debt post raise should be sub $5m. EV is sorting itself out nicely.